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 Teresa Morgan on December 13, 2008 at 12:00 AM

About Teresa Morgan
Teresa Morgan is affliated with COLDWELL BANKER RADER GROUP, which is located in Owasso, OK. For further assistance please use the contact information located on the right.

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Local Information for Owasso, OK

Latitude: 36.290373 -- Longitude: -95.82864

ZIP Codes for Owasso, Oklahoma	74055 74073
Area Code for Owasso, Oklahoma	918
Time zone for Owasso, Oklahoma	CST

Other Area Cities: Owasso, OK Claremore, OK Tulsa, OK Broken Arrow, OK

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As of the censusGR2 of 2000, there were 18,502 people, 6,595 households, and 5,117 families residing in the city. In 2006, Owasso's population exceeds 33,458 within the city's zip code area. The population density was 712.2/km² (1,844.4/mi²). There were 7,004 housing units at an average density of 269.6/km² (698.2/mi²). The racial makeup of the city was 86.66% White, 1.60% African American, 5.04% Native American, 1.05% Asian, 0.01% Pacific Islander, 1.67% from other races, and 3.98% from two or more races. Hispanic or Latino of any race were 3.94% of the population. The median income for a household in the city was $49,798, and the median income for a family was $57,078. Males had a median income of $41,414 versus $26,664 for females.Country stars Garth Brooks and Trisha Yearwood live on a ranch in Owasso with Brooks' three daughters. Two of the biggest country singers of all time, the down-to-earth Grammy-winning couple is often seen around town hanging with the locals. -- Source: Wikipedia.com

Oklahoma 2000 Census Population Profile Map

	Owasso	Oklahoma	United States
Population	18,502	3,450,654	281,421,906
Median age	31.7	35.5	35.3
Median age for Male	30.8	33.9	34
Median age for Female	32.7	36.9	36.5
Households	6,595	1,342,293	105,480,101
Household population	18,226	3,338,279	273,643,273
Average household size	2.76	2.49	2.59
Families	5,120	921,750	71,787,347
Average family size	3.19	3.02	3.14
Housing units	7,004	1,514,400	115,904,641
Occupied units	6,595	1,342,293	105,480,101
Vacant units	409	172,107	10,424,540

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The Real Estate Market in Jacksonville, Florida

Local Information for Owasso, OK

Latitude: 36.290373 -- Longitude: -95.82864

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