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Florida's population grew by over 1.5 million people between 2020 and 2023, cementing its status as one of the nation's fastest-growing states. Based on an analysis of U.S. Census Bureau data from 2017 to 2021, the cities experiencing the most significant growth are primarily located in central and southwestern Florida, offering a mix of relative affordability, strong job markets, and distinct lifestyles. The median sale price (the middle point of all home sales in a given period) in these booming cities ranged from approximately $325,000 to $490,000 as of mid-2022, presenting varied entry points for buyers.
This analysis focuses on cities with populations over 50,000 that saw the highest percentage growth over a five-year period. Here are the destinations attracting the most new residents.
The top spots for population growth are not always the largest metropolitan areas but often nearby suburbs or independent cities offering unique value.
Doral: Topping the list with a remarkable 26% population increase, Doral has grown to around 75,900 residents. Located near Miami, it's a hub for commerce, featuring upscale shopping, golf courses, and a vibrant culinary scene. The median sale price here was $489,950, reflecting its premium amenities and strategic location.
North Port: This city saw a 21% surge, bringing its population to approximately 80,000. North Port attracts those seeking a connection to nature, with access to natural springs and parks. Its median sale price of $389,500 offers a more accessible alternative to some coastal markets.
St. Cloud: Growing by 20% to about 62,000 people, St. Cloud benefits from its proximity to Orlando's employment centers while maintaining a family-friendly atmosphere on the shore of East Lake Tohopekaliga. The median sale price was $395,000.
Many buyers are drawn to markets that balance cost of living with access to employment, recreation, and culture.
Homestead: With a 17% growth rate to 80,500 residents, Homestead is a charming city about 30 minutes from Miami. It offers a lower cost of entry, with a median sale price of $392,190 and attractions like the historic Coral Castle.
Fort Myers: A 15% increase brought Fort Myers' population to roughly 92,200. Known for its beaches and fishing, the city provides a classic Florida lifestyle. The median sale price was $397,000.
Port St. Lucie: Also growing by 15%, Port St. Lucie is now home to about 217,500 people. As a major city on the Treasure Coast, it offers suburban living with a range of parks and community amenities. The median sale price was $390,750.
Cape Coral: This city famous for its canal-lined streets grew by 11% to around 204,500 residents. It appeals to water enthusiasts and those seeking a Southwest Florida lifestyle. The median sale price was $436,350.
Larger cities continue to draw new residents, though their percentage growth may be slightly moderated by their already substantial size.
Kissimmee: Growing by 11% to nearly 79,500, Kissimmee offers direct access to the recreational opportunities of the Kissimmee Lakefront Park and proximity to Orlando's major employment hubs. The median sale price was $361,000.
Orlando: The world-famous theme park destination saw a 9.71% increase, raising its population to around 309,100. Beyond tourism, Orlando boasts a diverse economy and vibrant cultural scene. The median sale price was $360,000.
Palm Bay: Rounding out the list with 9.56% growth to about 123,000 people, Palm Bay is known as a hidden gem on the Space Coast, rich in natural resources and offering a median sale price of $325,000.
For prospective buyers, the key takeaway is to align your search with both market data and lifestyle preferences. While growth often signals high demand, it's essential to research current market conditions, as median sale prices and inventory levels can change. Getting pre-qualified for a mortgage is a critical first step to understanding your budget in these competitive markets.
