Florida has always been one of the most desired states to move to and many people are moving to the Sunshine State every year.
According to some interesting facts found by Allied Van Lines, 2018 was an interesting year when it comes to the moving industry. They published some very important statistics on the moving trends for 2018.
In 2018, Florida was the third most favored state by Americans to move to with a total of 95,732 people who chose to relocate here - representing a 1.8 percent increase from 2017.
Fast forward to 2020 and the Covid pandemic has made Florida an even hotter destination. According to Naples Florida Weekly, area government and economic officials, various studies and anecdotal evidence by real estate experts, the COVID bump is significant.
Florida's population is expected to grow to 23.1 million by April 2025. That is 845 per day or 308,497 people per year.
This means that more and more people are choosing Florida as a place to live. The beaches and amazing sunsets make it a perfect place for spending your spare time. It has also been rated as one of the best states to retire to by Livability.com.
Why Are People Moving to Florida?
The sunny weather and the low taxes are attracting more and more people to Florida each year, but what other reasons can there be? Here you will find a few reasons for moving to Florida.
There's so much to do! No matter what your age or interests are - if you like the outdoors then there must be a perfect activity for you in Florida. Many people spend their weekends on the beaches relaxing and playing some volleyball or going for a swim while some others go deep-sea fishing or enjoy water sports.
How Much Does the Average Home Cost In Naples, FL?
With all of the people moving to Florida, more people are looking to purchase an investment property. According to Zillow, the median home value in Florida is $234,000.
In Naples, Florida, the median home value is $390,400 which means that if you purchase an investment property here, then it will most likely increase in value over time.
With the increase in people moving to Florida from other states, there is also an increase in demand for housing. This means that housing prices will gradually go up.
With the growing demand for housing, there is also an increase in jobs - which means that more people are earning money and there is more to spend! If you are thinking about purchasing a rental property in Naples, Florida, now is a great time to do it.
If you already own an investment property in Southwest Florida, are you managing your own property or have you hired a property management company to manage it for you?
What Are the Benefits of Hiring a Property Management Company?
Hiring a property management company can be a great option that will save you a lot of time and hassle. This way, the company is handling the day-to-day tasks such as rental applications, taking care and following up with maintenance issues, and collecting rent payments so that you don't have to worry about anything!
Other benefits of hiring a property management company include marketing your rental property and coordinating showing the home to potential renters.
If you are an investment property owner in Naples, FL or surrounding areas and are looking for a professional experienced property management company, then look no further than Reed Property Management. We specialize in managing rental properties throughout the city of Naples and surrounding areas. We have years of experience under our belt which results in satisfied customers.
To learn more about Reed Property Management, visit our website or give us a call with any questions you may have! (239) 351-2880
Sources: Florida Weekly, Allied Van Lines