Florida Ranks High in the Nation in Homes that are “Equity Rich”

July 31, 2018

Buying a home is a significant investment and the benefits of that investment depend largely on the property’s equity. In addition to tax benefits, individuals who invest in property in Florida may also benefit from building equity relatively quickly. When a property owner is deemed “equity rich,” it means that he or she has at least 50 percent equity in the home based on the home’s estimated market value.

Nearly a Quarter of all Homeowners in Florida Qualify as “Equity Rich”

Florida ranks 12th in the country for homes that are “equity rich,” with 24.6 percent of all Florida property owners fitting this category at the end of March 2018, according to ATTOM Data Solutions. This is great news for anyone who wants to purchase property in Florida, especially as a long-term investment, because market values overall are rising, which increases the value of homes and owner equity over time. Even as market cycles change, there is tremendous investment value in purchasing property in South Florida.

For professional advice on all aspects of buying or selling real estate, please contact me at aross@miamirealestate.com or (305) 206-4003 or come see me at the Compass office located at 2550 South Bayshore Drive, in Coconut Grove.

Edit Search

  • Email Updates
  • Only Update me On
Close
Email Sent! Your email was sent successfully
Close
Register
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    When are you looking to purchase?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need assistance with financing?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need to also sell your property?
A Masterpiece in America's #1 Luxury Market

41 Arvida Parkway with its 8 bedrooms, 9 baths and 3 half baths, epitomizes luxury and bayfront living, with direct access to Biscayne Bay and the Atlantic Ocean