Investing in Groveland, FL

Investing in Groveland
Table of Contents

Groveland is a small town located in Lake County Florida. Christened “The City of Natural Charm,” Groveland is increasingly being recognized for the gem that it is! Between 2000 and 2010, Groveland was the fastest-growing place in all of Florida. 

It’s safe to say that Groveland is a land of potential. That’s particularly true if one is talking about potential investments. Keep reading to learn more about Groveland-area real estate investments. 

What Makes Groveland Such A Great Place to Call Home?

Various financial markers demonstrate that Groveland’s economy is beginning to boom. Just a few years ago, the town’s average household income was just $32,000 per year; today it’s surpassing $56,000per year. Future job growth for the area is projected at 51% — that’s well over the national average of 33%. And with more and more major businesses beginning to set up shop in Central Florida, the future may be even brighter than this. 

Groveland’s weather is equally newsworthy. As yet another gem within the Orlando-Kissimmee-Sanford Metropolitan Area, Groveland enjoys ideal weather for almost the entire year. 

Groveland has managed to retain an impressively low crime rate throughout the years, even as it begins to grow. Ratings consistently rank it among the top five safest towns in all of Florida. Groveland’s safety also far exceeds the national average. 

Last but not least, we have the topic of real estate. The average Groveland home has appreciated year-over-year for the last decade and now costs $280,000. The vast majority of homes are owner-occupied, while only one-fifth of homes of rented.  

What You Should Know About Investing in Groveland

Between the economic growth, weather, and real estate, life in Groveland is pretty good! 

If you want to get involved in said real estate scene for yourself, you’ll want to be intentional. Below are some key considerations as you look for your next investment:

  • The property’s history
  • The seller’s motivation
  • Applicable property tax laws
  • The relevancy of deed restrictions
  • The possibility of ‘hidden’ closing costs
  • The relevancy of homeowner’s insurance
  • Your current and future financing options

Suffice to say there’s a lot to consider here — especially if you’re going it alone! But fear not. At Team Icon, we have decades of experience aligning our clients with their investment goals. If you’re hoping to invest in Groveland real estate, we’d love to help.  Get in touch with us today if you’re ready to add Groveland property to your investment portfolio. 

Team Icon can also assist with all things rental properties. We were recently mentioned in a RedFin article about the best pets for renters. Our advice? Get renters insurance. Better to have and not need than to need and not have! 

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