4 reasons Jacksonville, Florida, is a hot market for real estate investing - Jacksonville Business Journal

According to Redfin data, Jacksonville is considered one of the top five hottest real estate markets for investors.Many investors are unaware that home price appreciation levels are quite steady when measured over multiple market cycles, yielding the best opportunity for higher returns on investment. Since 1982, Jacksonville's house prices have risen 4.6% on average each year, which is roughly 25% more than an average of comparable cash flow markets .

Of the 21 fastest-growing neighborhoods in Florida, nine of the top 21 are in Duval County, including the No. 1 neighborhood in the state with more than 47% growth year-over-year, according to new data from Zillow Research. The top nine neighborhoods in Duval County included on this list were: Lackawanna, Mixon Town, Magnolia Gardens, Kennel Club, New Town, College Gardens, Robinson's Addition, Woodstock and Grand Park.

Jacksonville has low home prices and high rents which allow for positive cash flow for rental property investors, although it may be slightly less than what you’ll find in Cleveland or in the Midwest. However, Jacksonville really starts to shine when you look at the growth of home prices. Jacksonville’s historical average for home price appreciation is 4.6% per year, a whopping 44% more than the Cleveland market.

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