26 Jul 7 Florida Cities Where Home Prices Are Skyrocketing
7 Florida Cities Where Home Prices Are Skyrocketing
Home values have shot up over 50% in 2 years in these cities.
By Gabrielle Olya Jul 23, 2022, Real Estate Investing 101
©Shutterstock.com
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.
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.
6. Port Saint Lucie, Florida
- Population growth from 2010 to 2020: 27.7%
- Average home value in 2020: $245,915
- Average home value in 2022: $372,848
- Increase in home value from 2020 to 2022: 52%
5. Saint Petersburg, Florida
- Population growth from 2010 to 2020: 9.2%
- Average home value in 2020: $227,155
- Average home value in 2022: $347,925
- Increase in home value from 2020 to 2022: 53%
4. Bonita Springs, Florida
- Population growth from 2010 to 2020: 38.5%
- Average home value in 2020: $421,181
- Average home value in 2022: $648,529
- Increase in home value from 2020 to 2022: 54%
3. Fort Myers, Florida
- Population growth from 2010 to 2020: 46.2%
- Average home value in 2020: $268,401
- Average home value in 2022: $412,968
- Increase in home value from 2020 to 2022: 54%
2. North Port, Florida
- Population growth from 2010 to 2020: 28.6%
- Average home value in 2020: $224,694
- Average home value in 2022: $356,079
- Increase in home value from 2020 to 2022: 58%
1. Cape Coral, Florida
- Population growth from 2010 to 2020: 30.2%
- Average home value in 2020: $251,231
- Average home value in 2022: $408,313
- Increase in home value from 2020 to 2022: 63%
All data is sourced from the moveBuddha 2021-2022 Florida Migration Report.
© 2022 GOBankingRates. All Right Reserved.
Sorry, the comment form is closed at this time.