There are plenty of places around the United States to call home, but when it comes to real estate investments, that’s a whole different game. While you can feel out an area using your gut, the key to investment success is to really dig into the facts and consider these five reasons why you should invest in Brevard County, FL real estate.
- Excellent location
Just outside of Orlando, but plenty out of the way of all the hustle and bustle, Brevard County is conveniently located along Florida’s central east coast. The perfect mix of coastal living and a strong community, Brevard is made up of 11 smaller cities including Melbourne, Satellite Beach, Cocoa Beach, and Cape Canaveral. - Booming economy
Economic growth is one of the best indicators for future property values and community amenities. Luckily, Brevard County is growing in every area. 2018 gross domestic product (GDP) is projected to exceed the U.S. average by .7% as well as an additional .6% in 2019!Another area of growth is the population. Florida is a popular place to live for families to settle down, singles to mingle, and retirees to relax. 2023 projections put the population of Florida at an astounding 23.3 million citizens.
- Plenty of jobs
On top of the impressive population and GDP growth, jobs are consistently strong in Florida, frequently exceeding the national average. Experts are anticipating .8% growth in 2018 and another incredible 3% in 2019! Increased jobs in the area mean booming employer growth, which translates to rising property values and infrastructure improvements. - Flourishing tourism
Being within a close distance to Walt Disney World, Brevard County can bank on consistent tourism. Within the county, you can also count on the Kennedy Space Center Visitor Complex for floods of area visitors. Constant tourism means a consistent stream of income for the many local boutiques, shops, and restaurants. - Rental properties in demand
Between all the growth, flourishing communities, and impeccable location, Brevard County rental properties are in high demand which is perfect for investors who plan to rent out their single-family or multi-family home.In recent months, the median home and townhouse values rose by 8.2% and 7% respectively. Plus, the median property value is at a perfectly reasonable $237,062 which really sits in the monthly payment sweet spot.
In this current market, Brevard County is a great place to call home and an even better area to invest in. Don’t hesitate or wait to invest before the opportunity passes you by. If you are now decided to invest in a Brevard County real estate, the next question should be How much you’ll need to fund it.
Looking for Brevard County, FL real estate? Give the Garrett Bell Team a call at (321) 323-7220 or email us at [mail_to email=”[email protected]”][email protected][/mail_to] and we’ll help you find your dream home. We are your trusted guide to Brevard County Real Estate, coming from generations of Realtors who have served the county well.
