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.
See: The Minimum Salary You Need To Be Happy in Every State
Small Business Spotlight 2022: Nominate Your Favorite Small Biz by July 25
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
5. Saint Petersburg, Florida
4. Bonita Springs, Florida
3. Fort Myers, Florida
2. North Port, Florida
1. Cape Coral, Florida
This article originally appeared on GOBankingRates.com: 7 Florida Cities Where Home Prices Are Skyrocketing
Source: Read Full Article
