Rent-to-Own Homes in Jacksonville, FL: What You Need to Know
Located in the north of the state along its east coast, Jacksonville, Florida, lies between the St. Johns River and the Atlantic Ocean. Jacksonville is home to more than 1.5 million people, and the number is growing annually at a rate of 2%. Jacksonville’s workforce has been growing faster than the national average for the past several years, increasing the demand for housing at the same time. This warm-weather city is a great place to settle for those starting, those looking at retiring, and those in-between looking for a change.
Job Opportunities in Jacksonville
Jacksonville’s job market has been quite stable over the past decade, with job opportunities growing year over year. As of January 2020, the city’s unemployment rate was 3.7%, the exact overall average of the United States. Among the many industries boasting job growth in and around the city are healthcare, aerospace, financial services, information technology, and advanced manufacturing. The largest employers in the area include Naval Air Station Jacksonville, Duval County Public Schools, Citi, Bank of America/JP Morgan Chase, and Blue Cross and Blue Shield of Florida.
Jacksonville Real Estate: Available Housing
While Jacksonville has experienced high demand for real estate over the past several years, its median home price ($180,300) is still low relative to other key cities throughout the state. Thus, those interested in purchasing for their own residence or as an investment for the amble number of potential renters in the area, Jacksonville, is an excellent choice. Forbes called Jacksonville the hottest real estate market in 2017 since it holds appeal for so many demographics - young professionals, older Americans, and those looking for a more outdoor lifestyle.
The city’s climate is characterized as humid and subtropical. As is typical of Florida, summers are hot, humid, and known to have copious amounts of rain. As a city further north in the state, winters are by far more comfortable with mild to cold temperatures. September is the rainiest month of the year, as is typical throughout the state.
The Local Sports Scene
Jacksonville’s residents enjoy an array of minor-league level sports teams for baseball, basketball, soccer, hockey, and indoor football. The crowning jewel for Jacksonville, however, is the Jacksonville Jaguars, which play in the NFL at TIAA Bank Field Stadium for nearly 70,000 fans per game.
A Robust Local Culture
Residents of the “Bold New City of the South” are fortunate to have a robust arts and culture scene. With nearly twenty history and art museums within her city boundaries, Jacksonville has much to learn about and see. Museumgoers can choose from The Museum of Southern History to The Museum of Contemporary Art (MOCA) of Jacksonville to The HandsOn Children’s Museum and many more.
Jacksonville is known for the warm welcome it gives its artists. The downtown art walk is an open-air display of local artists’ works that draws large crowds every week. The city features art galleries, museums, an arts market, and large-scale installations that feature established artists and new talent on the rise. For those who seek the performing arts, Jacksonville has live theatre, concerts, and more for nearly every night of the week.