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| Tampa or Miami? |
Where do people want to move to now (August 31, 2022)? Miami, Florida; Tampa, Florida; Phoenix, Arizona; Sacramento, California; and Las Vegas, Nevada.
Florida's high speed Brightline train will connect Tampa, Orlando to Miami.
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| Start Following My Blog |
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| Buy Property In Florida, USA |
"Growing Renter’s Market. Jumping off from the previous two points, Florida continues to attract thousands of in-migrants, causing an increase in housing demand. At one point in 2021, several Florida markets saw a 24% increase in a matter of weeks.
To get a better idea of the growing housing demand in the state, consider Miami, Tampa, and Orlando. According to Mashvisor, the three metro areas recorded average monthly rental prices of $3,477, $2,462, and $1,906, respectively, for a three-bedroom home. One of the said cities would probably be the best place to buy rental property in Florida if you’re considering going with a traditional long-term rental investment strategy.
Florida data also shows that while there is a rising demand for rental properties due to people relocating to the state, only 34% of housing units are being rented out. It means that there is a lot of room for growth in the traditional rental market.
Let’s not forget about vacation rentals. Florida remains one of the top tourist destinations in the US, with over a hundred million visitors annually. Although the pandemic caused a decline in tourist numbers in the Sunshine State, 2021 was still a pretty strong year as it hosted 122.1 million visitors. With the easing of travel restrictions, the number of tourists is expected to be higher in 2022"
