Florida Housing Market Vitality

Market Rank


Florida metro area house prices are forecasted to underperform the national market over the next twelve months. Currently, the market is tracking the overall U.S. market. Compared to 12-months ago, Florida’s housing market has strengthened. Current local economic conditions support an estimated 16% 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 negative.

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 Negative179
Crestview-Fort Walton Beach-Destin, FL Outperforming Negative80
Deltona-Daytona Beach-Ormond Beach, FL Outperforming Negative67
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Underperforming Negative188
Gainesville, FL Underperforming Negative217
Homosassa Springs, FL Outperforming Negative130
Jacksonville, FL Tracking Negative136
Lakeland-Winter Haven, FL Outperforming Negative35
Miami-Miami Beach-Kendall, FL Underperforming Negative181
Naples-Immokalee-Marco Island, FL Underperforming Negative314
North Port-Sarasota-Bradenton, FL Outperforming Negative93
Ocala, FL Outperforming Negative97
Orlando-Kissimmee-Sanford, FL Tracking Negative145
Palm Bay-Melbourne-Titusville, FL Outperforming Positive22
Panama City, FL Outperforming Negative129
Pensacola-Ferry Pass-Brent, FL Outperforming Negative32
Port St. Lucie, FL Tracking Neutral82
Punta Gorda, FL Outperforming Neutral70
Sebastian-Vero Beach, FL Tracking Negative100
Sebring, FL Outperforming Negative46
Tallahassee, FL Underperforming Negative249
Tampa-St. Petersburg-Clearwater, FL Outperforming Neutral26
The Villages, FL Tracking Negative154
West Palm Beach-Boca Raton-Delray Beach, FL Tracking Neutral90

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 September 08, 2021 with data through July 2021