Millennials are the most promising home buyers this year. The oldest of them are mostly in their mid-30s now and are planning to have their own nest by the end of this year. The Sunshine State has always a top favorite among real estate investors in the country and it goes the same with the smart millennials as well. Are you too planning to buy your own condo or house in Florida in 2017? That’s great and here is a list of top 5 locations for millennial home buyers in the State.
If you are planning to shift to Orlando and looking for places with awesome career opportunities- count on Seminole County. The place currently boasts a flourishing job market and reasonably high income opportunities for the residents. Most importantly, the job growth here is now 2x of that of national average, promising excellent scope for talented job seekers. According to market reports, the County is about to witness 9,000 new residential constructions within 3 years.
Fort Lauderdale is a rising name today when it comes to prospective real estate investments in Florida. The place has gained a competitive advantage with its high job growth, lower property tax and sumptuous eateries. Most importantly, a bunch of breathtaking oceanfront developments have come up in the city of late such as paramount condos (Atlantic Boulevard) that are highly affordable as well.
Leon County shows an above-average job growth this year which undoubtedly makes it one of the best picks for millennial home buyers. Most of the job opportunities are in construction, healthcare & business services. Moreover, as per the market pundits, there would be 1,500 new residential constructions over the coming 3 years. It’s also a great place if you are planning to rent a portion of your new home. Leon County is always high on rental demand given its proximity to Florida State University.
Miami-Dade County is one of the most popular among Florida home buyers and it’s Doral which is the place to be this year. Especially famous for its esteemed World Golf Championships, the city also houses amazing dining, spas and other entertainment destinations. You have a quality life waiting for you here and the affordable property rates make the experience even more fulfilling. Then, Doral also promises a lower employment rate which signifies excellent career opportunities for the residents.
The list would be incomplete without the mention of Winter Garden. Located in close proximity to Disney World, the place is one of the chief picks for millennial home buyers with kids. Moreover, Winter Garden also boasts an incredibly robust job market- another major factor behind its high end popularity among pragmatic millennials. The location also shows a low unemployment rate which is 2% lower than the State average.
The list given above is a sketchy idea of the possible real estate investment destinations for you in Florida. Additionally, you must get an extensive study on each of these markets to find out the most compatible pick for you.