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7 Florida Cities Where Home Prices Are Skyrocketing

Michael Warren / Getty Images/iStockphoto

Michael Warren / Getty Images/iStockphoto

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.

Michael Warren / Getty Images/iStockphoto

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

  • 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%
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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%
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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%

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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%
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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%
©Shutterstock.com

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.