7 Florida Cities Where Home Prices Are Skyrocketing

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.

Learn: 5 ‘Shark Tank’ Fails That Cost Big Money
Find Out: Should You Still Buy a Home in Today’s Market?

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.

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%

Live Updates: Financial Trends, Money News and More

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%

More From GOBankingRates

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