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According to the U.S. Census Bureau, Jacksonville, FL, is now the nation's tenth-largest city. It also ranked fourth among cities with the most population gain from July 2022 to July 2023. In 2023 alone, over 14,000 people moved to Jax, pushing its population to nearly one million.
So, if you're a real estate investor, look no further than the up-and-coming Jacksonville neighborhoods. After all, as the city continues to grow, so will the need for housing, so becoming a landlord here can prove lucrative.
Our Nest Finders Property Management team has shared the top places in Jax to invest in real estate, so read on.
Springfield
Per Springfield Preservation and Revitalization (SPAR), Springfield was Jacksonville's most desirable place to live following the Great Fire of 1901. It then declined in the mid-20th century. Fortunately, revitalization and renovation efforts have since helped the neighborhood regain momentum.
Thanks to those efforts and projects, Springfield is now one of Jacksonville's top up-and-coming historic neighborhoods. As SPAR pointed out, you'll find around 1,800 homes over 75 years old in this charming neighborhood. Some of its other notable features are:
- Beautiful, walkable, gridded streets
- Many bikeable paths
- Nature parks
- Closeness to the downtown area
- Friendly neighbors
Bartram Park
Conveniently located right off Interstate 95, Bartram Park allows residents to commute quickly to the nearby beaches and downtown. Its proximity to good schools makes it one of the ideal Jacksonville suburbs for families. Nature lovers will also appreciate all the lush greenery surrounding the neighborhood, such as the Julington Durbin Creek Nature Preserve to the west and the Palmetto Leaves Regional Park to the Northwest.
You have many investment housing options here, including:
- Single-family homes
- Multi-family homes
- Townhomes
- Condominiums
- Apartments
Once you've built a list of prospective Jacksonville real estate properties to invest in Bartram Park (or anywhere else in Jax), run a thorough rental analysis on each one. It can help you determine if they're profitable and, if so, how much you can potentially earn from them.
Riverside
If your real estate investing strategy involves renting out to those with a hip and trendy lifestyle, the Riverside neighborhood could be an excellent choice. According to Visit Jacksonville, it's not only one of the oldest neighborhoods in the city but also among the "coolest." It even ranked as one of the nation's "Top 10 Great Neighborhoods."
Riverside offers a mix of affordable housing with luxury condos and apartments. So, consider adding this neighborhood to your list if you're looking for an ideal location that will allow you to expand and manage your portfolio with varying types of properties.
Need Expert Help Investing in Jacksonville Neighborhoods?
Now that you know more about the top up-and-coming Jacksonville neighborhoods, the next step is to decide if you can manage the entire process yourself. Remember: Real estate investing doesn't end once you've bought a property; you'll also have to rent it out to profit from it.
The good news is that our full-service company in Jacksonville, FL, Nest Finders Property Management, can help from start to finish. Our team has decades of combined experience in real estate, from brokerage to property management.
Speak with us today to learn more about what we can do for you and request your free rental analysis!
