Florida Destination Named Among 'Worst Cities To Buy A House' In 2024

Would you suggest that someone invest in property in your city?

Some places offer residents a great, safe life, while others do not. Factors including high crime rates, growing population, bad weather, price fluctuation, and cost of living impact how worthwhile an area is to settle down in. Be it one, or all of the numerous factors mentioned above, something about this Florida city makes it an undesirable place to purchase a home.

According to a list compiled by GoBankingRates and curated by ChatGPT, the worst city to buy a home in Florida in 2024 is Miami. The crime rate in this city is 86% higher than other Florida cities and rent has seen an 18.4% increase so far this year. Other cities on the list include Detroit, Michigan, San Francisco, California, Las Vegas, Nevada, and Newark, New Jersey.

Here's what GoBankingRates had to say about the worst city to buy a home in Florida in 2024:

"Miami’s allure as a vibrant cultural and tourist destination is tempered by its rising housing costs and vulnerability to climate change. The city’s susceptibility to flooding and hurricanes adds a layer of risk for homeowners."

For more information see the full list at gobankingrates.com.