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Home Property Tips :: North Florida Real Estate
North Florida Real Estate: Buying Real Estate in North Florida
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North Florida real estate tends to encompass the areas known as Big Bend, the Florida Panhandle and the First Coast region.
Major cities in the area include Pensacola, Panama City, Tallahassee, and Jacksonville. The area hugs the Gulf of Mexico on one side and buts up against the Atlantic coast on the other.
If you're considering buying real estate in North Florida, keep reading for more information about each of these communities.
Panama City, Florida
With a population of 37,000, Panama City buts out onto the Gulf of Mexico, making it a popular stop for cruise shops and tourists.
The median home value hovers at about $200,000 while the median sale price, according to the MLS listing service currently sits at $210,000.
Pensacola, Florida
North Florida real estate for Pensacola median home prices waver around $165,000. As a seaport on the Pensacola Bay and home to a large US Navy airbase along with the University of West Florida, Pensacola is a small city with a lot going on.
The population is approximately 56,000 people strong, not including the Pensacola Beach community on Santa Rosa island.
Tallahassee, Florida
The median sale price for homes in Tallahassee is currently hovering at around $165,000. The population of 160,000 residents has a median age of just 30 years old and a median income of about $33,700.
The cities exceptionally young demographic does owe something to the presence of Florida State University, Florida A&M University, and the Florida State University College of Engineering.
Jacksonville, Florida
Jacksonville was hit particularly hard by the recent downturn in the state's housing market.
Median sale prices in the area currently sit at $200,000 and appear to be bouncing back as they regain and begin to appreciate.
The population of Jacksonville is almost 800,000 and boasts a median age of 35 years old and a median income of $45,400.
As the state's largest city and comprising the most North Florida real estate, the surrounding metropolis is estimated at roughly 1.3 million residents. The city is also home to Jacksonville University and the University of North Florida.
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