Tali Wee of Zillow provides a few reasons for why people should consider relocating to Jacksonville.
High Home Values
The median home value in Jacksonville is $106,200, which has increased 11 percent since last year. The U.S. median home value has only increased 6 percent in the last year, indicating the Jacksonville housing market is growing faster than the nation as a whole. In comparing positive market trends, Jacksonville has the suburbs beat too. Home shoppers considering nearby St. Augustine may be surprised to know that the city falls short at only a 10.2 percent home value increase in the past year. Fernandina Beach, located approximately 40 miles outside of Jacksonville, is experiencing a downward trend in home values with a drop of 0.2 percent from last year. As long as the market maintains its momentum, relocating to Jacksonville may yield a higher return compared to nearby cities.