Home to large cities such as Jacksonville, Miami, and Tampa, the Sunshine State is a great investment area. Florida is a diverse state with beaches, theme parks, universities, and a large retirement community. In fact, 40.3% of the Florida population is over 50, 5% more than the national average.
According to the U.S. Census Census Bureau, Florida is an affordable state, with a median home value of $215,300 in 2019. This enables over 65% of the population to own single-family homes. Low price points and high margins also make Florida attractive to rental investors.
And the Florida vacation rental market is booming. In their 2021 Vacation Home Counties Report, the NAR reported two Florida counties in the top ten hottest vacation markets nationwide. Lee County was the number one market in the country with 23% of all houses used as seasonal vacation homes. Located in Southwest Florida, Fort Myers and Cape Coral are among Lee County’s most popular destination spots.
We provide permanent mortgage finance on rented or rent ready real estate throughout Florida. Our loan programs are tailored to investors with:
The investment opportunities in Florida are plentiful. If you are a long-term rental investor, the Listing Real Estate Management firm recommends investing in:
Vacasa lists the hottest Florida vacation rental market in for 2021 are: