If you’re thinking of investing in rental property, Coral Springs, Florida, is the perfect place to start. Consistently ranked as one of the best places to live in the state, its strong economy and population growth make it an ideal market for rental property owners.
Coral Springs and South Florida isn’t just a seasonal place with short-term rentals. Instead, it’s a great place to invest in long-term rentals and take advantage of the numerous benefits of owning property in this vibrant area.
The average rental rate in Coral Springs is $1,800 per month, and the vacancy rate is just 2%, which is a strong demand for rental units, and your investment is likely to appreciate over time.
In addition, the median household income in Coral Springs is $84,000, which is significantly higher than the national average. This means that residents can afford high-quality rental units.
Coral Springs neighborhoods are also some of the safest in the country, a key factor for many renters looking for a safe and secure place to live.
In addition, with 51 city parks, like Mullins Park and the Coral Springs Aquatic Complex, there are plenty of recreational opportunities for residents to enjoy.
The Walk at University Town Center is also a popular shopping destination, with over 100 stores and restaurants.
Coral Springs is also home to numerous top-rated schools, like Coral Springs High School and magnet school Pompano Beach High School, making it a great place to invest in a rental property for families.
InvestPro Properties is the top property management company in Coral Springs. We specialize in working with investors to maximize their return on investment.
So, if you’re looking for a city with promise for rental property investors, look no further than Coral Springs, Florida.
Get Help Renting and Managing Your Rental