Jacksonville, Florida is a booming coastal city on the Gulf of Mexico, south of Saint Augustine in Florida. It is bordered by the Atlantic Ocean to the north, the Mediterranean Sea to the east and the Gulf of Mexico to the south. It has one of the most important ports on the Gulf of Mexico, which handles approximately $7 billion a year in commerce. This port maintains a significant economic presence in southern Florida and around the state, supporting numerous businesses in industries like shipping, tourism, chemical processing, energy, and so on.
Jacksonville is second largest city in Florida, and the fourth largest city in the entire continental United States as of 2021. It is also the second largest port in the southeast portion of the state, with Port Jacksonville. As a result, it attracts a tremendous population growth because of the large number of seasonal tourists as well as people migrating to the area for job purposes. Jacksonville is populated by a mixture of diverse cultural and ethnic backgrounds. It has a population that is almost entirely white, although it is a growing minority African-American and Hispanic population.
This diverse local population makes Jacksonville a prime destination for residential and business development. Low unemployment and ample opportunities for growth provide the vital impetus for the local population to expand its scope of growth and contribute to the national economy. The major driving forces behind the local population's growth and population movement are employment and housing. The recent economic downturn has resulted in thousands of job losses at local Ford and Chrysler automobile manufacturing plants, further fueling jobless population movement. With the recession still fresh in mind, major companies like Boeing, Wal-mart, JC Penny's and Gillette have decided to add thousands of jobs in Jacksonville.
With this new found employment and population growth, there is an upsurge in real estate prices. Real estate prices have increased substantially in the past five years in Jacksonville, bringing the value of homes to new levels. Along with the growth in population and employment in Jacksonville, the rapid population growth has also spurred a dramatic increase in the demand for property in the city. Jacksonville has one of the fastest growing population centers in the state of Florida. If you want to invest your money in Jacksonville real estate, you can expect a good investment for the future.
If you are looking to purchase a home in Jacksonville Florida, you might want to consider investing in a new home that will benefit from future growth and appreciation. There is something in Jacksonville that keeps people moving back to the area. Areas like New York City and San Francisco have seen an influx of techies, professionals and retirees over the past few years. As Jacksonville experiences a new economic growth and population movement, the housing market should see new home construction start to pick up, which should drive down the price of housing for buyers. Areas around the river and downtown Jacksonville offer great places to live at affordable prices, so you can still afford to buy a quality home.
To find a listing of homes for sale in Jacksonville Florida contact the Jacksonville Multiple Listing Service. The MLS provides a central database of homes and other real estate owned or occupied properties throughout the county. Property owners can search by lots, price range, neighborhood type, square footage and a variety of other criteria. Information provided by the MLS is not a guaranteed analysis or rating of any given property. It is provided for information only.