Florida Housing Market Vitality

Market Rank


Florida metro area house prices are forecasted to track the national market over the next twelve months. Currently, the market is outperforming the overall U.S. market. Compared to 12-months ago, Florida’s housing market has strengthened. Current local economic conditions support an estimated 8.3% increase in house prices over the next twelve months. Based on the housing market vitality of the twenty four metro housing markets which comprise it, Florida’s housing market ranks eleventh amongst all states and D.C. The three-month outlook is positive.

Housing Market Vitality

Housing Market Vitality summarizes the impact of economic conditions on house prices. A value of 100 corresponds to conditions supporting current price appreciation; values less than 100 correspond to a dampening effect and values greater than 100 indicate a positive impact on house prices. A housing market vitality value can be interpreted as a growth rate. Hence, a reading of 105.8 can be interpreted as a 5.8% annualized increase in house prices.

Florida Metro Housing Markets

Florida is comprised of twenty four metro housing markets that account for nearly 96% of the state’s population. The Sunshine State metro housing markets are unique in their demographics and local economies and exhibit trends that are distinct from the national and state narrative. Each metro market presents its own unique opportunity.

Cape Coral-Fort Myers, FL Outperforming Positive 102
Crestview-Fort Walton Beach-Destin, FL Outperforming Positive 24
Deltona-Daytona Beach-Ormond Beach, FL Outperforming Negative 118
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Tracking Negative 221
Gainesville, FL Outperforming Negative 200
Homosassa Springs, FL Outperforming Positive 9
Jacksonville, FL Outperforming Neutral 132
Lakeland-Winter Haven, FL Outperforming Positive 39
Miami-Miami Beach-Kendall, FL Outperforming Negative 179
Naples-Immokalee-Marco Island, FL Underperforming Positive 177
North Port-Sarasota-Bradenton, FL Outperforming Positive 78
Ocala, FL Outperforming Positive 48
Orlando-Kissimmee-Sanford, FL Tracking Negative 201
Palm Bay-Melbourne-Titusville, FL Outperforming Positive 50
Panama City, FL Outperforming Negative 117
Pensacola-Ferry Pass-Brent, FL Outperforming Positive 30
Port St. Lucie, FL Outperforming Positive 71
Punta Gorda, FL Tracking Positive 86
Sebastian-Vero Beach, FL Outperforming Positive 53
Sebring, FL Outperforming Positive 25
Tallahassee, FL Tracking Negative 205
Tampa-St. Petersburg-Clearwater, FL Outperforming Positive 28
The Villages, FL Outperforming Negative 167
West Palm Beach-Boca Raton-Delray Beach, FL Outperforming Positive 77

Industry Specialization

Florida’s state economy is specialized in Construction, Other svcs, and Pro Bus svcs. Mining, Manufacturing, and Information industry sectors are less important to the state economy compared to the national economy.

Industry specialization helps explain the differing impact of industry trends on local economies in contrast to industry composition which describes the structure of the economy. A Specialization Index value greater than 100 corresponds to the sector having a greater share of the state economy than it does of the national economy. Sectors with a Specialization Index greater than 120 characterize the local economy.


Compared to the U.S., there is a higher incidence of poverty amongst Florida residents and they have less purchasing power. There are more high school graduates and a smaller proportion of the population is college educated. Florida’s population is comparatively less diverse than the overall U.S. population.

A Demographics Index value greater than 100 corresponds to the factor being more intense in the state versus the national average. Characteristics of the local population is a longer-term factor that influences the housing market.

Updated June 17, 2021 with data through April 2021