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7 Florida Cities Where Home Prices Are Skyrocketing

GOBankingRates
GOBankingRates
 4 days ago

Florida's population has boomed over the past decade, with nearly 3 million people moving to the Sunshine State from 2010 to 2020, according to moveBuddha. And as people flock to the state's various cities, home prices have shot up, too.

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MoveBuddha identified the fastest-growing cities in Florida, as well as how much home prices have risen in these cities in recent years. Here's a look at the seven Florida cities where home prices have increased by more than 50% from 2020 to 2022.

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7. Palm Coast, Florida

  • Population growth from 2010 to 2020: 22.8%
  • Average home value in 2020: $237,635
  • Average home value in 2022: $358,590
  • Increase in home value from 2020 to 2022: 51%
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6. Port Saint Lucie, Florida

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5. St. Petersburg, Florida

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4. Bonita Springs, Florida

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3. Fort Myers, Florida

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2. North Port, Florida

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1. Cape Coral, Florida

This article originally appeared on GOBankingRates.com : 7 Florida Cities Where Home Prices Are Skyrocketing

Comments / 291

AP_001784.1d7b69d96424474384c8283391d6be98.1908
07-18

Almost all of these cities are SW Florida. I suspect this will self-correct when new residents find the only industries here are tourism and healthcare. We saw this 15 years ago..

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Jerry Haddock
07-23

must be very popular, I get tired of phone calls, offering to buy my property. if I wanted to sell I would advertise.besides I have grandchildren.

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James Allan
07-24

I moved to SWFL 6 years ago my home his increased in value by 40% as the real estate companies tell me. I live in a gated community with amenities and any property that goes up for sale is gone in a day or two. The most amazing statistic is about 90% are cash sales to retired people moving from the Northeast or middle of the country like Minnesota, Ohio, Michigan, Wisconsin, Illinois, Missouri, Iowa and Pennsylvania. The common incentives are getting away from the cold and snow, lower cost of living, no state income tax, sunshine, beaches, golf, tennis, pickle ball, and accessible fantastic healthcare of every type. The social life is booming, between Marco Island, Naples, Bonita, and Estero, their over 100 golf courses, 600+ restaurants and bars, multiple public State and city beaches, malls, high end movie, orchestra, entertainment and play theaters. I could go on but, young and understand while SWFL is wonderful place to retired and live in your golden ages!

Reply(18)
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