Housing Rates in the city of Jacksonville, Florida tend to vary a great deal between areas of the city; therefore, purchasing a house in this city can prove to be quite a challenge, particularly when the housing market is not booming as it has in the past. To decide in which area to buy a house, one should first consider the different variables affecting the prices of these houses. The Express Estate Agency has recently identified five factors that generally affect housing prices: location, age, size and type, condition, and accessibility (Express Estate Agency). Though it is difficult to assess the quantitative impact on the value of a house caused by qualitative factors such as type, condition, and accessibility, these are important to keep in mind as well as the factors presented in this study.
Generally, when one thinks of houses, the more square feet of area the house covers, the more expensive it becomes; this is also true for many other purchasable objects in America. When looking for both large and small houses, the number of bedrooms and bathrooms is an additional characteristic of each house to be considered, as the more bedrooms and bathrooms a house has, the more expensive the house is perceived to be, according to the United Kingdom branch of Nationwide (Nationwide). Another characteristic commonly linked to a house's perceived value is the age of the house; houses that are very new are often perceived as being more expensive than those that are both slightly older and substantially older (Express Estate Agency).
One variable involved in the process of buying a house taken into consideration is the part of town in which the house is located. The impact of location in housing market is very significant. Since housing units are fixed in location, they differ in terms of their surroundings, the kind of community in which they are located, and their