It doesn’t take a Cape Canaveral rocket scientist to figure out why home buyers are relocating to the Sunshine State in droves. There’s the incredible weather, choice of world-class beaches, awesome nightlife, world-famous amusement parks… The list goes on and on.
In a post-pandemic real estate climate, when many home buyers and renters continue to work from home and are looking to metro hop from one city to another, Florida remains one of the most magnetic options for individuals and families seeking a new or better way of life. Both home buyers and renters are house hunting in droves, making these Florida locales lucrative options for real estate investors who are flipping houses, building investment properties from the ground up or investing in Florida rental properties.
While the state as a whole remains at the top of the metro migration list for many would-be movers, the online real estate broker Redfin.com recently compiled a list of the ten fastest-growing cities in Florida – that is, cities of 50,000 people or more with the most significant population growth between 2017 and 2021. Here’s what the data revealed:
#1: Doral, FL
Median home sale price: $489,950
Average 2-bedroom apartment rent: $3,240
#2: North Port, FL
Median home sale price: $389,500
Average 2-bedroom apartment rent: $1,250
#3: St. Cloud, FL
Median home sale price: $395,000
Average 2-bedroom apartment rent: $1,350
#4: Homestead, FL
Median home sale price: $392,190
Average 2-bedroom apartment rent: $896
#5: Fort Myers, FL
Median home sale price: $397,000
Average 2-bedroom apartment rent: $1,853
#6: Port St. Lucie, FL
Median home sale price: $390,750
Average 2-bedroom apartment rent: $2,082
#7: Cape Coral, FL
Median home sale price: $436,350
Average 2-bedroom apartment rent: $1,985
#8: Kissimmee, FL
Median home sale price: $361,000
Average 2-bedroom apartment rent: $2,092
#9: Orlando, FL
Median home sale price: $360,000
Average 2-bedroom apartment rent: $2,247
#10: Palm Bay, FL
Median home sale price: $325,000
Average 2-bedroom apartment rent: $1,822
