Located in Northern Florida on the Atlantic coast, Jacksonville Florida has the largest city by population within Florida and it’s also the largest city by area within the state. The city has a population of over 800,000 people and the Jacksonville metro area boasts far over a million people.
If you’re considering relocation to the city, it’s a good idea to learn more about this city before deciding to choose one of the many rent to own homes in Jacksonville Florida. Learning more about the pros and cons offered by this city can enable you to make an informed decision as you’re considering relocation to this Florida city.
Rent to own homes in Jacksonville Florida come with some excellent pros that make the area very attractive to those looking for a new place to live. The diverse economy offered by the city is one pro to consider. Since the city is right on the St. Johns River and on the Atlantic coast, it helps strengthen and diversify the local economy. As one of the main ports on the East Coast, the economy definitely benefits. Several different industries make up the diverse economy, such as financial services, manufacturing, information services and other industries. The area is also home to several different Fortune 500 companies.
Another big pro that the area has to offer those considering rent to own homes in Jacksonville Florida is the lovely climate. It’s an attractive climate for those who prefer mild winters, since snow rarely falls and winter temperatures are quite mild. During the summer months, the temperatures can be quite warm in this humid subtropical climate. Rain also occurs on a regular basis, especially in the summer when thunderstorms crop up in the afternoons on a regular basis.
The schools available within the Jacksonville area are also a big pro to those looking for cheap houses for rent in the city. The student to teacher ratio is low, which many parents find important. Newsweek has featured quite a few schools in the area on a list of the country’s top public high schools. Several schools featured include Stanton College Preparatory School, Mandarin High School and Paxon School for Advanced studies. Charter schools and a variety of private schools offer alternative educational options for parents. Those interested in a higher education will find several colleges and universities in the area to choose from.
The low cost of living is another excellent pro that many people looking for rent to own homes in Jacksonville appreciate. The cost of living within the city is much lower than in many other areas in the country.
While Jacksonville offers many pros, it’s essential to look closely at the cons before deciding to go with rent to own homes in Jacksonville Florida. The main con that consumers have to consider is the high unemployment rate. Unemployment is currently at almost 10% within Jacksonville, which is higher than unemployment rates in many other places in the country today. Another con that adds to this problem is the negative job growth within the city. Instead of seeing the job market grow, the area is currently seeing jobs disappear, which can make it difficult for new people moving to the area.
Exploring the pros and cons of rent to own homes in Jacksonville Florida can help consumers carefully make an informed decision on whether the area is the best place for them to live. The area does offer a lot to those relocating there, such as a nice climate, a diverse economy, good schools and a low cost of living. However, the negative job growth and high unemployment rate must also be taken into consideration before making the final decision.