3 key statistics about the Florida real estate market

Median Home Price

As of mid-2023, the median home price in Florida has significantly increased, often exceeding $400,000 in many metropolitan areas, reflecting ongoing demand and limited inventory.

Population Growth

Florida has been experiencing a robust influx of residents, with an estimated annual growth rate of around 1.5% to 2%. This population increase fuels demand for housing, particularly in cities like Miami, Orlando, and Tampa.

Rental Market Trends

The rental market in Florida has also been strong, with rental prices rising significantly. In many areas, year-over-year rent increases have been reported at around 10% or higher, driven by high demand and low vacancy rates.

These statistics indicate a dynamic and competitive real estate environment in Florida.