I’m a ‘walking billboard’ for Jacksonville, FL and I love sharing great news about our town. Here’s some news that will put a smile on your day – Jacksonville has been pegged by the Urban Land Institute (ULI) as a “Treasure Ripe for Discovery.” In the newly released report Emerging Trends in Real Estate 2020, the ULI report concludes “it is now Jacksonville’s time for growth. Jacksonville is in the top 20 for home building prospects and the top 20 for retail and industrial markets.”
Our metro area has grown by a whopping 20 percent in the past 10 years. And Jacksonville has become the sixth fastest-growing metro area in the United States, according to recent Census reports.
This is great news for our region and our local real estate market. With Jacksonville’s cost-of-living below the national average, the delightful climate and business-friendly culture, Jacksonville is one of the best real estate markets in the country.
Home values continue to rise; and the current average home value is about $258,000. New buyers are often blown away when they hear how low our home prices and property taxes are.
Here’s an important reason to make Jacksonville, Florida your home – Florida is 1 of 8 states with no state income tax; and Florida is 1 of 2 coastal states with zero state income tax. The other coastal state is Alaska. Polar bears are cute but I’ll take a day at Ponte Vedra Beach any day!
The picture gets brighter and we have so much to be thankful for. In upcoming blogs I’ll tell you about other market drivers that are boosting our local economy and the real estate market.
And if you’re curious about the value of your own real estate holdings, give me a shout. I make house calls. Let’s enjoy a cup of coffee and schmooze over the good news!