2) Jacksonville, Florida
The surprising thing about a sunny, warm, desirable state like Florida is property is much cheaper than most people imagine. In Jacksonville, the median home price is 23% less than the national average. You can become a homeowner in this northeastern Florida city for roughly $164,000. The average rental goes for $1,175. As a state, Florida’s housing appreciation rate is projected to increase by 10% in 5 years and Jacksonville expects to see a 9% increase. Another major aspect driving Jacksonville’s market is its steady population increase; since 2000, Jacksonville has grown by 24% and doesn’t show any signs of stopping. There are lots of people itching to get to Jacksonville to take in a Jaguars game or relax on one of the numerous laid-back beaches just a short drive away. With its business-friendly vibe and low cost of living, a long-term renter is quite possible.
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