The Top Cities People Want to Move to in Florida and Where They are Coming From

L. Cane

Florida has arguably always been a top destination for those looking to relocate. Its warm weather and lack of state tax are attractive to many home buyers. However, in recent months, rising housing costs and inflation have arguably made Florida less cost-effective than it once was. So it would be normal to wonder if Florida was still a popular destination. It appears that the answer is yes. Recent data shows that for some cities, people are still coming to Florida in high numbers. In fact, people are moving to one Florida city more than anywhere else in the nation.

Despite Higher Costs, More People Are Moving to Some Florida Cities than a Year Ago: A recent June 2022 report from the real estate website Redfin indicates that some Florida cities still have higher numbers of new home buyers than a year ago.

Specifically, the following Florida cities are among the most popular destinations in the entire country for people looking to relocate:

  • Miami
  • Tampa
  • Cape Coral
  • North Port

Miami ranked the highest in the nation for net inflow, while Tampa came in second. Cape Coral came in 6th, and North Port came in 8th. Cities in Texas, Arizona, California, and Nevada rounded out the top 10.

Where are People Who Move to these Florida Cities Coming From?: Redfin's data shows that Miami and Tampa received the most homeowners from New York, New York, while North Port and Cape Coral received the most new residents from Chicago, Illinois.

Some Out-of-State Buyers Can Still Get What They Consider a Bargain in Florida: According to Bank Rate, which used Easy Street's data, the median home price in New York, NY, was $995,000 as of April 2022. New York state income tax ranges from 4% to nearly 11%.

According to Realtor.com, the average home price in Chicago, Illinois, is $359,300. According to the Tax Foundation, Illinois has a flat income tax rate of 4.95%.

By moving to the sunshine state, these northern residents are arguably able to avoid state income tax and may be able to find cheaper housing, even as Florida's real estate prices climb.

Eric Auciello, a Redfin manager in Tampa, explained:

“Tampa is still attracting a lot of out-of-state homebuyers, coming from places like New York, who can get more for their money in Florida."

Although some Florida cities are perceived to be more affordable to out of state home buyers looking to relocate, many Floridians have been negatively affected by the changing housing market.

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