10/12/2019
The Florida Real Estate Market Forecast 2020 Is Looking Positive
The best way to form reliable Florida housing market predictions is to look at the numbers. We’ll give you Mashvisor’s stats on rental property performance in the Florida housing market, but remember that these are state-level numbers. Performance of a real estate investment can differ from city to city and even neighborhood to neighborhood. We’ll give you a list of the top-performing cities at the end of this blog, but for now, let’s take a look at the Florida housing market forecast 2020:
Median Property Price: $432,690
Price per Square Foot: $250
Price to Rent Ratio: 20
Average Days on Market: 125
Monthly Traditional Rental Income: $1,816
Traditional Cash on Cash Return: 1.4%
Monthly Airbnb Rental Income: $2,763
Airbnb Cash on Cash Return: 3.3%
Airbnb Occupancy Rate: 55%
Future rental property performance in the state is looking good- all numbers point to a profitable real estate investment in 2020.
Related: What Is a Good Return on Investment for Real Estate?
Another important metric to consider when analyzing a market for investment is home value. According to Zillow, Florida home values went up 4.3% since last year. The Florida housing market predictions 2020 are that home values will continue increasing.
Population Will Increase, Economy Will Get Stronger
Florida is the third fastest-growing state in the country, with its population increasing 1.63 percent this year and an overall 11 percent increase since 2010. The Florida housing market predictions 2020 are that the highest population growth. Why not invest in Florida Real Estate?
