If you are looking to buy a vacation home, second home, or a retirement home in Florida, or plan on moving to Florida, the following information may be of interest to you. Recently mortgage lender FBC Mortgage, LLC released the top five mortgage markets in Florida for 2014. With this information in hand, you may be able to find the best value for your dollar for your dream home. Orlando title insurance company RECSFL is here to help you when you do find that home that fits your needs.

  • Central Florida (Orlando, Kissimmee, Sanford) – Surprisingly, tourism and a burgeoning technology industry in this major metropolitan Florida market has driven the cost of living down, and this area enjoys 8.5% lower cost of living expenses than the national average. Median home prices are approximately $155,000, and you’ll receive a substantial bang for your buck: a new soccer stadium and performing arts center being added to downtown Orlando are sure to draw even more tourists and residents to the area.
  • Tampa Bay, St. Petersburg/Clearwater – The job market is booming and waterfront homes are available, which is a double invitation for families and investors. The area’s cost of living is below the national average by 8.8%, and several Fortune 500 companies call this area home. Bigger companies mean a stronger, more sustained economy.
  • Volusia County (Deltona, Daytona Beach, Ormond Beach) – This area has shown significant growth in population (an increase of 13.6% since 2000) and strong employment trends. With its major industries in auto racing and tourism, this stretch of the Atlantic Ocean coastline is one of the most affordable values in the United States with median home prices at $120,000.
  • Brevard County (Melbourne, Palm Bay, Titusville) – Renowned for its water recreational activities and breezy climate, the population has increased 17% since 2000 and median home prices are a reasonable $125,000. Space X, Port Canaveral, and the boom of the technology industry have recently bolstered the economy.
  • Sarasota, Bradenton, North Port – Heralded as a retirement mecca, the balmy surroundings, historic sites, and leisure activities of this area draw vacationers and those seeking to leave all cold weather behind. The cost of living is a mere 1% higher than the national average, and the population has grown 22% since 2000. Home appreciated 15% in 2014, and the average median home cost was $173,000. Gulf front beaches are a tourist draw for second-home owners and business owners interested in a strong rental market.

Contact Orlando title insurance company RECSFL at 407 615-6560 to speak with one of our knowledgeable associates, or browse our website to learn more about how you can benefit from our Realtor, lender and consumer services.