The Real Estate Market in Jacksonville, Florida

Whether there is a real estate bubble and, if so, will it pop is a popular topic across the country. The real estate marketing in Jacksonville, Florida, however, is a major exception.

Jacksonville is located in the northeastern part of Florida and is just below the border with Georgia. Real estate in Jacksonville is a steal, particularly given appreciation rates. A Jacksonville home will run you $125,000 on average, about $50,000 less than the national average.

The real beauty of homes in Jacksonville is the appreciation rate. Despite prices that are well below national averages, appreciation rates are excellent at approximately 14 percent. Put in practical terms, it is the perfect time to buy. You can get an excellent price and expect property values to increase. This represents the ideal real estate scenario.

As to the city of Jacksonville, things are definitely on the upswing. Job growth is triple the national average, and is expected to double or even triple over the next few months. Despite this strong growth, the cost of living is about 10 percent less than the national average. You?ll find more doctors on average than other locations in the nation, but the cost of medical care is about 15 percent less than you?ll find elsewhere on average. Since you are in Florida, you?ll pay no state income tax, which makes you?re money go a lot farther.

Although Jacksonville is located in the far north of Florida, it has a similar climate to the rest of the state. You?re going to get about 50 inches of rain on average and it is going to be in the nineties in the summer. Unlike Miami, however, the winter can get a bit nippy with temperatures falling into the mid forties. For many people, however, this is viewed as a positive since it is nice to get a break from the hot Florida climate every once in a while.

With low home prices, solid appreciation rates and no state income tax, Jacksonville is a prime real estate market.

Posted by Carlton Brewster on December 13, 2008 at 12:00 AM

About Carlton Brewster
Carlton Brewster is affliated with FAIRFAX REALTY INC, which is located in Silver Spring, MD. For further assistance please use the contact information located on the right.

As of 05/23/12 the Carlton Brewster RePage is ranked at 4,585 with 395 points.

Local Information for Silver Spring, MD

Latitude: 39.004242 -- Longitude: -77.019004

ZIP Codes for Silver Spring, Maryland	20901 20902 20903 20904 20905 20906 20907 20908 20910 20911 20912 20913 20914 20915 20916 20918 20993 20997
Area Code for Silver Spring, Maryland	301
Time zone for Silver Spring, Maryland	EST

Other Area Cities: Aspen Hill, MD College Park, MD Glenn Dale, MD Greenbelt, MD Chevy Chase, MD Brookmont, MD Wheaton, MD Adelphi, MD Calverton, MD Bladensburg, MD Montgomery Village, MD Laurel, MD Silver Spring, MD Germantown, MD Bethesda, MD Olney, MD Potomac, MD Rockville, MD Burtonsville, MD Kensington, MD North Kensington, MD Takoma Park, MD White Oak, MD Bowie, MD Gaithersburg, MD

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Silver Spring is an urbanized, but unincorporated area in Montgomery County, Maryland, in the United States. After Baltimore, Silver Spring is the second largest place in Maryland. Silver Spring is a major business hub lying at the apex of Washington, D.C.. The community has recently undergone a significant renaissance with the addition of major retail, residential, and office developments in the area. Silver Spring takes its name from a mica-flecked spring discovered by Francis Preston Blair, who subsequently bought much of the surrounding land. Acorn Park in the downtown area of Silver Spring is believed to be the site of the original spring. -- Source: Wikipedia.com

Maryland 2000 Census Population Profile Map

	Silver Spring	Maryland	United States
Population	76,540	5,296,486	281,421,906
Median age	34.2	36	35.3
Median age for Male	33	34.9	34
Median age for Female	35.4	37	36.5
Households	30,374	1,980,859	105,480,101
Household population	75,843	5,162,430	273,643,273
Average household size	2.5	2.61	2.59
Families	17,629	1,359,318	71,787,347
Average family size	3.21	3.13	3.14
Housing units	31,208	2,145,283	115,904,641
Occupied units	30,374	1,980,859	105,480,101
Vacant units	834	164,424	10,424,540

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The Real Estate Market in Jacksonville, Florida

Local Information for Silver Spring, MD

Latitude: 39.004242 -- Longitude: -77.019004

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