If you’re eyeing the real estate market, Florida continues to shine as a hotspot for property investment. A new study by Agent Advice has revealed the best cities in the U.S. for real estate opportunities in 2024, and four Florida cities have made the top ten list.
How the Rankings Were Determined
The study looked at nine key factors, including annual price growth for different property sizes, personal income, income growth, population growth, and online search volume for real estate terms. Each city was given a score out of 100 to identify the strongest markets for investors.
Here’s how Florida cities performed—and why they stand out:
1. Miami, Florida (Score: 80.17/100)
Topping the list, Miami is a goldmine for property investors. The city’s housing market is booming, with a massive 13% increase in prices for larger homes with five or more bedrooms. While Miami’s population growth is modest at 0.7%, rising personal incomes (up 4.4%) are fueling demand.
For those looking to invest, Miami’s diverse market and strong buyer interest make it an unbeatable choice.