Florida has always been a hot spot for real estate professionals and residents alike. People flock from all over the country to live and retire in Florida and for a good reason. The sunshine state has a lot to offer its residents. From the vast numbers of restaurants and attractions to the breath-taking views, Florida sees its housing market fluctuates frequently and severely every several years. This article will talk about some of the costs of living in Florida and the factors that go into the fluctuating markets in certain areas of the state.
Florida was one of the states that got hit the hardest in the 2008 market crash. Around that time after the crash the state of Florida saw many foreclosures and the overall real estate market had a significant downturn. Since then, Florida has taken initiative with their housing market and has come back stronger and better than ever. In Jacksonville, the median home value is about one hundred and eighty six thousand dollars. This is around the medium range of home values all across the state of Florida. Other hot spots in Florida such as Miami reach the higher end of housing prices in the state getting into the range of three hundred thousand dollars.
Kissimmee is one of the more well known areas of Florida and has great housing options for people looking to move their. The median home value is one hundred and nineteen thousand dollars. The median age of the residents in Kissimmee is thirty four years old. Walt Disney is famously known for making Kissimmee a famous tourist attraction making it a hotspot for people all around the country to visit.
One of Florida’s best kept secrets in Palm Coast. Palm Coast is located in the upper east coast of Florida and is home to an array of trails and quiet communities. These quiet communities make it an ideal place for retirees to come from across the country and settle down. Because of its location within the state, Palm Coast tends to avoid some of the damages of the frequent hurricanes that visit Florida during the year. The media home value in Palm Coast is one hundred and fifty nine thousand dollars. Residents can enjoy peace and quiet while simultaneously being close to many other things that state has to offer.