7 Florida Cities Where Home Prices Are Skyrocketing

Jan 28, 2023

2 min Read

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%

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. St. 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%

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All data is sourced from the moveBuddha 2021-2022 Florida Migration Report.

About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert.