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Even if youve narrowed it down to Florida, youve still got plenty of options in terms of location.
The first step is to think about housing prices andrates.
This is a bit below the national average.
However, some areas within the state like Miami have much higher prices.
But home prices arent the only consideration.
Some Florida suburbs might not be the best for putting down roots.
Also here is the average living wage needed to live in Florida.
Values stagnate while costs rise.
If youre looking for an alternative, Diglio-Benkiran suggested the suburbs of Windermere and Winter Garden.
Opa-Locka
In Opa-Locka, the average home value is$463,255and rising.
In fact, home prices have gone up an estimated 11.6% in the past year alone.
While rising prices is a major reason to steer clear, its not the only one.
This area has been struggling with high crime rates and economic instability for years.
Palmetto Estates
Palmetto Estates, a suburb in Miami-Dade County, has seen skyrocketing home prices.
In the past year alone, cost have gone up by around 12.2%.
Currently, the average home value is$569,874.
The place has no or low economic growth and poor infrastructural development.
This can make buying property for investment purposes tricky for those hoping for higher returns.
According to Shirshikov, Belle Glade also suffers from economic challenges specifically high unemployment rates and limited job opportunities.
The unemployment rate is 13.3% roughly 10 percentage points higher than the national average.
Golden Glades
Golden Glades is also located in Miami-Dade County.
Like other parts of the state, homeowners insurance is also high.
According toMarketWatch Guides, it costs an average of $2,490 annually.
This is several hundred dollars more than the U.S. average.
But again, the cost of owning a home isnt the only consideration when buying property.
Safety and opportunity are also up there and Golden Glades might not be the best place to settle down.
This transportation hub does not have enough provision and investment needed to raise property value.
Flooding [also] occurs frequently due to poor drainage systems in the area.
The average home value is$498,626, a 14% one-year increase.
Austin advised against buying property there, as well.
High crime rates and concerns over environmental safety and pollution are also reasons to look elsewhere.
Where you decide to live depends on you.
Just be sure to consider the big picture when choosing where to buy property this year.
Diglio-Benkiran also had a couple of final tips for those looking to buy in Florida.
Generally, look for suburbs actively investing in community.
While any area could decline, these point to an upward trend and lower risk.
Do research, check recent value changes and see whats being built nearby.
An area attractingfamilies and entrepreneursis usually one worth your investment.
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