Florida’s historic and fast-growing city
Discover Jacksonville's Real Estate
Jacksonville isn’t as well known as other Floridian cities like Miami or Orlando, but it has just as much—if not more—going for it. Built on the broad St. Johns River close to the Atlantic Ocean, Jacksonville is one of the state’s most historic cities, with plenty of charming old neighborhoods. It also happens to be one of the fastest growing cities in the country, making it a prime market for real estate investors.
Culture, History, and Business
While the area that is now Jacksonville has been inhabited by Native American peoples for thousands of years, it was in 1564 when the first European settlement was established here, Fort Caroline, then owned by the French. The settlement was taken over by the Spanish, then the British, then the Spanish again over the centuries, before being ceded to the United States in 1821. While the city suffered a devastating fire in 1901, it grew quickly during the 20th century and is now the biggest city proper in Florida.
Its economy is driven largely by its deep harbor port, which is among the most important in the United States. Jacksonville is home to a wide range of industries, including logistics, distribution, insurance, banking, media, and information services. Employment is high and residents enjoy an extremely high quality of life. That diverse and strong economy makes it one of the most attractive cities in Florida to move to and has helped it become the fastest-growing city in the state and one of the fastest-growing in the country.
Real Estate Appeal
Jacksonville’s rapid expansion means new homes are constantly under construction and property values are on the rise. From a real estate investor’s perspective, that fact alone makes the city one of the best markets in the entire country.
However, there’s more to Jacksonville real estate investment than its growing population. The city also levies very low taxes and the laws are highly favorable to landlords, which is good news regardless of the type of real estate investment you’re interested in. Furthermore, those low taxes, combined with Florida’s famously idyllic climate and excellent quality of life, make Jacksonville a popular destination for retirees. As a result, there is strong demand both for rentals and homes in the city from retirees from all over the country, many of whom come to Jacksonville with the financial means to afford top-quality properties.
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