Is Naples, Florida A Good Place To Invest?

Naples, Florida is a city located on the Gulf Coast. This resort city is one of the wealthiest cities in the country and in 2014 there where around 12,000 households who reached the million-dollar mark. The population of Naples is around 22,000 people from which most of them are older adults and seniors. The median age of the population is about 65 years of age making the city of Naples a preferred destination for retirement.

Given the median age of the population together with the high cost of living, this makes the city of Naples one of the safest cities in the USA. The chance of becoming a victim of crime in Naples is 1 in 68 which makes the city of Naples safer than 80% of every other city in Florida. This is also the ideal destination for families who are looking for a relaxing vacation on the coastline.

The beautiful beaches of Naples attract many tourists every year. The clean, sandy beaches along with the clear waters of the Gulf create picture-worthy scenes. Fishing, golfing and boating are not just simple hobbies in Naples, they are a way of life. You will encounter many people engaging in these activities in Naples and if you haven’t had any experience with any of them before, you might get caught into it.

We did mention that this city is known to be one of the wealthiest in the country. This also impacts the costs of living. Naples is quite an expensive city to live in and the housing market weighs more than all the other expenses. Naples, Florida is a buyers market which means, there are more homes listed for sale than buyers out on the market. Considering all these aspects, is Naples, Florida a good place to invest?

How expensive is the housing market in Naples, Florida?

The real estate market in Naples, Florida is amongst the most expensive ones in the country. The median property value in Naples stands at around $850,000 which is almost 4 times higher than the national average. The homeownership rate in Naples, FL is 76.7% which is about 63% higher than the national average.

When it comes to renting, the average rent price is around $1,500 and it varies quite a bit based on the unit type. About 95% of apartments in Naples rent at a price range between $1,000 and $2,000. The city of Naples has been a hotspot for real estate investors, standing out as one of the better real estate investment opportunities.

Naples has a track record for being one of the best long term city for real estate investments in the USA. For all that it has to offer, you should not have any second thoughts if you have enough capital to invest in the area. Contact one of our real estate agents in Naples FL to get all the information required in order to expand your investment portfolio. The growing trends in terms of prices for housing are a good indication for the upcoming years.

Naples is great in many ways, so don’t hesitate to find out for yourself what hidden riches this city has to offer. Be part of this amazing community and have a taste of what it’s like to dream big in one of the top-end communities on the beautiful Gulf Coast.