Florida is one of the most opportunistic states of the country. And the pool of real estate opportunities in this state is really large. That being said, Florida itself is a pretty large and populated state, and finding the right kind of opportunities at the right time is not an easy business.
Moreover, real estate is a big and continuously expanding field. The rate of population is overall increasing, which automatically boosts the amount of deals people sign over properties. If you are reading this, then you should that the best way for you to make money from real estate is to rent off the properties that you own or planning to own. To do that, you first need to find the best places to invest in. Putting aside commercial properties, buying houses and cottages in 2021 is a lucrative way to expand your assets and increase their profit value.
That is where we slide in to help you out.
This guide will let you know about five places in Florida where real estate opportunities are increasing as you read about it. The returns are huge if you are thinking of renting a property, and the profit margins are substantial if reselling is considered.
Without further ado, let us explain to you why we think these five places are lucrative for the real estate business.
1. Greenacres, Florida
Greenacres is a small city in Palm Beach County of Florida. It is one of the most flourishing places in Florida, and that is why the property is taking a boost there.
But we aren’t just saying that. There are reasons why Greenacres is on this list.
First, the city is safe. Of course, Palm Beach County is a famous place and it also hosts tourists, which sometimes allows criminals to sneak in and get their hands dirty. But Greenacres is still safer than 50% of the rest of the cities in the United States, falling right on the average line of crime rate in US cities.
Apart from that, since Palm Beach County is rapidly urbanizing due to its qualities, Greenacres’ population is also taking a huge hit. That has increased the chances for people to make money from the properties that they will rent off to those who move to the city.
The traditional rent income there is more than $14,000 and the cash return is about 4.44%, which is as good as it can be on any other place, with the chances of going higher.
2. Miami Gardens, Florida
Miami Gardens is a flourishing and prosperous city in the north-central Miami-Dade County of Florida. Just 16 miles north of Downtown Miami, which is known as the next big business hub of the country, it hosts people that are in the county to get settled with their family and work on their careers. That is what makes this city a pretty awesome target for those who want to step into real estate.
Since Miami Gardens is a blessed place to live, having the best schools for kids, the best jobs for adults, and the friendliest communities for families, the rate of population in the city is increasing rapidly. Simultaneously, real estate holders get chances to make quick and huge bucks from their properties.
Although a median property price is a big expensive, labeled more than $284,000, the traditional monthly rent is about $1,700, with 4.14% cash returns. Without a doubt, these numbers will increase. And it’s the right time to invest there if you want your future to be settled.
3. Haines City, Florida
Haines City in the Polk County of Florida, USA, is a very small city that we would like to define as the next big urban place. Its population in the 2010 census was more than 20,000, increasing 7,000 from the 2000’s 13000. Considering that, we can easily imagine Haines City hosting about 27,000 to 28,000 people in 2021. Currently, it is the third-most populous city in Florida’s Polk County. With the population, real estate profitability is also increasing.
And why wouldn’t it? The city has got some amazing places for families to settle in. and if the families are ready to move there, there is no stopping you from buying a property there and renting it off to earn significant profits, which are set to be increased over time.
To know more about amazing investing opportunities there, check out Haines City FL Real Estate.
4. Minneola, Florida
Minneola is a very small and low-populated city in Florida’s famous Lake County. Although it is low-populated, the overall rate is on the increase, obviously. According to the 2010 census, the population was just 9,400+. However, as of 2019, it was recorded to be more than 12,500 by US Census Bureau. Considering that, it is believable that Haines City will slowly get more populated and create more chances for people to invest in properties.
Two of the reasons why more and more families are moving there is a good quality of education and a little-to-none crime rate. The crime rate is even less than 89%, while education is second best than any other city. Employment opportunities are also satisfactory. Moreover, the people in Minneola have so many things to do as a family. That allows the population to form a community, and engage in recreations like boating and kayaking at this lake-dotted city.
Talking about livability, Minneola was the only city in Lake County to get 4 A’s. Since the quality of life is best, the opportunities for people to invest in houses there are even better. Undoubtedly, if you buy a house in Minneola today, you will consider it your best decision so far in the next five years when the profits you would get will exceed your expectations.
To gain more information about buying a house in Minneola, visit Minneola FL Homes for Sale.
5. Inverness, Florida
Inverness is another small city in Florida based in Citrus County. The population of the city is pretty low, and the increase rate is not that rapid. However, the statistics declare that due to the city’s absolutely absent crime rate and quality of peaceful and enjoyable life, the property’s value there is eventually profitable. It was rated as the best place to invest in real estate in Florida by Mashvisor.
The city is also home to some of the public-gathering places, like Flying Eagle Preserve and Citrus County Courthouse, which contributes to the city’s importance and its quality of life. That allows real estate opportunists to invest in the residential properties of Inverness at once and enjoy worthwhile results in the next years.
With the median property price being nearly 214,000, cash returns sitting at best 4.72%, and the traditional rent income being 1,255, Inverness is definitely a long-term goldmine for real estate enthusiasts.
So, take our advice and don’t just sit and read, get out there and invest, because you are definitely going to be grateful about that decision.
Conclusion
Finding the right places to invest in at the right time is easier if you have the right tools and right guidance. We helped you with that, provided you top 5 places that are filled with futuristic opportunities in real estate. The rest is on you. Good luck.