Florida Housing Market Vitality

Market Rank


Florida metro area house prices are forecasted to outperform the national market over the next twelve months. Currently, the market is underperforming the overall U.S. market. Compared to 12-months ago, Florida’s housing market has strengthened. Current local economic conditions support an estimated 26.5% 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 eighth amongst all states and D.C. The three-month outlook is neutral.

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 Underperforming Positive51
Crestview-Fort Walton Beach-Destin, FL Outperforming Positive34
Deltona-Daytona Beach-Ormond Beach, FL Underperforming Positive54
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Underperforming Positive108
Gainesville, FL Underperforming Positive132
Homosassa Springs, FL Underperforming Positive120
Jacksonville, FL Underperforming Positive173
Lakeland-Winter Haven, FL Outperforming Positive19
Miami-Miami Beach-Kendall, FL Underperforming Positive118
Naples-Immokalee-Marco Island, FL Underperforming Negative366
North Port-Sarasota-Bradenton, FL Tracking Positive45
Ocala, FL Underperforming Positive93
Orlando-Kissimmee-Sanford, FL Underperforming Positive94
Palm Bay-Melbourne-Titusville, FL Tracking Positive29
Panama City, FL Underperforming Positive127
Pensacola-Ferry Pass-Brent, FL Outperforming Positive14
Port St. Lucie, FL Underperforming Positive56
Punta Gorda, FL Underperforming Positive49
Sebastian-Vero Beach, FL Underperforming Positive109
Sebring, FL Outperforming Positive8
Tallahassee, FL Underperforming Positive240
Tampa-St. Petersburg-Clearwater, FL Outperforming Positive35
The Villages, FL Underperforming Positive172
West Palm Beach-Boca Raton-Delray Beach, FL Underperforming Positive101

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 December 30, 2021 with data through November 2021