Florida is one of the most popular US states among buyers from around the world. Real estate prices here are lower than, for example, in California. How much are villas in miami beach? How much are sellers asking for apartments in different locations in the state?
Housing in the USA: cost per square meter, mortgage
In 2023, the average cost per square meter of housing in the US is $4,400. However, the final price depends not only on the area, but also on the location of the object. So, a house on the outskirts of the city and a similar villa in the center of the same settlement will cost differently.
Hawaii is currently the hardest-to-buy home out of all US states. Here, the median mortgage payment is 57.9% of the average income of residents. The most affordable villas and apartments are located in West Virginia. Here, the mortgage payment is 16.1% of the median income of residents of this state.
However, Florida is the most demanded state among real estate buyers from Russia. On average, a villa here costs $300,000. Mortgage payments make up approximately 33% of the average income of local residents.
Which Florida city to choose for permanent residence?
Buy a home in Florida
Miami Beach
Miami Beach is located in South Florida. The city is located on an island, and bridges connect it with Miami.
Tourists from all over the world come to enjoy the wide beaches of the city. People come here for permanent residence for many reasons:
• The climate is good here.
• You can easily find a job in different fields of activity.
• Migrants tend to quickly adapt in the city.
• Homes in Miami Beach are relatively inexpensive.
Prices for villas in Miami Beach vary depending on the area of housing, its location relative to the city center, beaches, shopping malls and other significant locations. Here you can find options worth both $170,000,000 and $370,000.
The following properties are currently available for purchase in Miami Beach:
A villa with 12 bedrooms and 20 bathrooms costs $170,000,000.
A house of 1306 m2 with 7 bedrooms and 11 bathrooms can be bought for $75,000,000.
Villa of 891 m2 with 9 bedrooms and 8 bathrooms is sold for $43,000,000.
For a 486 m2 house with 5 bedrooms and 5 bathrooms, the seller is asking for $25,000,000.
Villa of 117 m2 with 4 bedrooms and 5 bathrooms costs $999,000.
Read more on the official website https://florida.realestate/ru/.
Other Top Florida Cities to Buy a Home
Jacksonville
Jacksonville is the seat of Duval County. The city is located on the seashore in the northeastern part of Florida. Interstate 95 approaches the village. Jacksonville is the most populous city in Florida. More than 954,000 people live here.
In addition to many green spaces and nature reserves, Jacksonville has an art museum, shopping and entertainment centers, cafes and restaurants, and beaches. Among other things, there are more than 20 clinics and inpatient hospitals in the city.
There are 190 public and 600 private schools in and around the city, as well as universities and colleges.
The cost of living in Jacksonville is 7% lower than the United States average and 50% lower than New York City.
The average cost of housing in the city is more than 3 times the median annual family income: $173,000 and $54,000, respectively.
75.8% of permanent residents in Jacksonville have their own housing in the city.
The most popular areas in the city are:
• Northside. Here housing costs $200,000 - $1,000,000. The area is preferred by families with children.
• Riverside, where residential properties range from $100,000 to $3,000,000. Young professionals often settle in the area.
• San Marco. The cost of housing here reaches $ 5,000,000. The area is mostly inhabited by people who like the rhythm of city life. There are many galleries, restaurants, shops and entertainment centers here.
• The Orange Park area has the most affordable houses. The maximum value of villas in 2023 is $650,000. Orange Park is located in the suburbs of Jacksonville. The area is more like a rural area.
• Southside. Houses here cost $150,000–$850,000. The area is considered promising, as its infrastructure is currently being developed.
The list of Jacksonville's most prestigious employers includes two Naval Air Stations, medical clinics, and bank branches. In addition, 14,000 city residents work in schools outside the community, in Duval County. Residents get to the place of work within 30 minutes.
Saint Petersburg
The city is located in central Florida, on the west coast. St. Petersburg is connected with other large settlements by highways. The city has several small airports.
The population of St. Petersburg in 2023 is just over 250,000 people.
There is a pier with cafes, restaurants, many sandy beaches. Also in the city there is the Salvador Dali Museum, more than 30 medical clinics, 45 public and 150 private schools, secondary specialized educational institutions.
At the same time, experts assess the local educational infrastructure as below average.
The cost of living in St. Petersburg is only 1% lower than the US average, 47% lower than in New York, and 5% lower than the cost of living in Jacksonville.
The median value of a residential property is $205,000. The median annual household income is $57,000.
Almost 60% of local residents have their own housing here.
According to experts, it is better to buy houses and apartments in the following areas of the city:
• Bayway Isles. The cost of housing in the area varies from $150,000 to $3,500,000. The road to the center of the village by car takes only 12 minutes.
• Casa Del Mar. Most of the housing stock in the area is made up of condominiums. You can become a homeowner here for $175,000 -$575,000.
• Colonial Place. You can buy an apartment or a villa in the area for $100,000-$730,000.
• You can become a homeowner in the Harcourt area for $250,000-$600,000.
• Forbes Park Roberta. The area is included in the list of the most affordable for the purchase of housing. You can buy an object here within $175,000 -$300,000. However, it is difficult to find a spacious house in the area. The area of most objects is small. Individual houses are located on compact plots.
The largest employers here are Jabil, Raymond James and HSN. In addition, city residents work in retail and financial services.
Locals get to the place of work within 25 minutes.
Will help you choose and buy a house in Miami Beach
Already today you can look for a villa in Miami Beach. Houses here are quickly sold out, so if you like any object, it is better to immediately contact real estate specialists.
