It May Be Easier To Buy A House In These Florida Cities Next Year
It’s no secret that the housing market in Florida can be pretty rough. Homes that were selling for $250,000 before the pandemic are selling at about double the price now. But trends are showing that it may be easier to buy a house in certain Florida cities in the next 12 months. The bad news is that Tampa isn’t one of them. The good news is a couple cities on the list are a little over an hour away from the Tampa Bay area. So if you were to move, you could still take advantage of all Tampa has to offer.
Related: Florida Cities Where Homes Are Selling Below Their Asking Price
We got this info from corelogic.com. They made a study on home price trends based on “property type, price, time between sales, loan type (conforming vs. non-conforming) and distressed sales.” Click here to read more about their methodology. You’ll notice that large markets like Miami are still seeing increases in home prices. In fact, they had an 11.8% jump in home prices the past year. But other parts of Florida are expected to see a major decline. Core Logic reports there is a 70% chance these cities will see a decline in home prices. Only one city that’s not in Florida made the list. According to CoreLogic, the metro area with the highest risk of a home price decline was Provo-Orem, Utah.
Which Florida cities will see the decline in home prices?
- Lakeland-Winter Haven
- North Port – Sarasota
- Cape Coral – Fort Myers
- Port St. Lucie
Do you think this will cause more people to move out of the Tampa area? Let us know on social media.
The 13 Best Florida Neighborhoods To Buy A House
#1. Harbour Island
#1 on Niche’s list is Harbour Island right here in Tampa. This neighborhood had high scores for every factor except cost of living. So if you can afford it, it’s great. Otherwise, you may need to look at other neighborhoods on this list.
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#2. Quail Ridge
This Pasco County neighborhood made it to #2 on Niche’s list. This small suburb is perfect for small families. The only thing is it had a pretty bad rating for nightlife and commute.
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#3. Black Diamond
Don’t be surprised if you’ve never heard of this town before. Black Diamond is a super small town in Citrus County with a population of 1,023 people. If you want to get away from all the traffic and big cities, this might be the neighborhood for you. For nature lovers, it’s pretty close to many of Florida’s natural springs.
Photo: Glorioso/BBGI
#4. Bel Mar
Another Tampa neighborhood on this list! Bel Mar is located in Hillsborough County not far from Bayshore Blvd. Which means the available houses in this area are going to be in the 7 digits.
Photo: BBGI
#5. Beauclerc
Coming in at #5 is Beauclerc, which is near Jacksonville. This place is centrally located in Jacksonville and has great ratings for public schools, housing, jobs and nightlife.
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#6. Montclair
Another Jacksonville neighborhood to make the list. Jacksonville was also recently named one of the best cities in Florida to work in. This town is actually located right next to Beauclerc.
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#7. East Milton
East Milton is a pretty big suburb in Santa Rosa County, which is near the panhandle and Pensacola. You can find some houses for sale here for $200,000. The only catch is you’re quite a drive away from any major city.
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#9. East Park
If you love theme parks and can tolerate I-4 on a normal basis, then this might be the perfect neighborhood for you. The median home prices in this area are $320K, so it’s totally possible to find a nice, affordable house. This area is located right by the Orlando International Airport, so if you’re a person who travels a lot, this might be a good option for you.
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#12. Audubon Park
This is another suburb close to Orlando. Reviews call it a quite, picturesque neighborhood with lots of trees. It’s also super close to the Leu Botanical Gardens in Orlando!
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#13. Beach Park
The last neighborhood on this list is another suburb of Tampa. This neighborhood is a quick drive to the heart of Downtown Tampa, so you know there will be plenty of things to do. The median home value in this area is about 500K, but at least you’ll be getting your moneys worth
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