12 Florida Suburbs That Will Skyrocket in Property Value Over the Next 5 Years, Experts Say
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Looking for a hot real estate market? Florida has one, and it’s very hot, attracting buyers from across the nation to its beaches, sunny shores, and cities. Florida is one of the fastest-growing states in the U.S., with a population growth of 1.62% annually. The statewide median home price is around $400,000, up by 1.3 percent from the past year, Redfin reports.
The Sunshine State holds some of the best opportunities for property appreciation, from up-and-coming commuter hubs to luxurious waterfront havens. Florida’s suburbs are thriving places with healthy economic growth, lifestyle appeal, and real estate potential. Here are 12 Florida suburbs that experts predict are due to skyrocket in value over the next five years.
Wesley Chapel, Tampa Bay Area
The economy in Tampa is thriving because of the status of finance and technological sectors. It is one of Florida’s most attractive markets for real estate with median home prices of around $400,000.
Northern suburb Wesley Chapel is surging as it explodes with new residential communities, top-rated schools, and retail, including the Wiregrass Mall and The Grove.
St. Petersburg
This Gulf Coast city has become an arts and cultural center that appeals to retirees and young professionals. Thanks to its proximity to Tampa and Gulf Beaches, it’s popular for investment, especially in districts such as Grand Central or Historic Kenwood.
The city is experiencing a constant population rise, which will push the rental property and resale value up.
Lakeland
Lakeland is located strategically between Tampa and Orlando and shows growth in appreciation potential. The city is an affordable blend of housing stock and proximity to major employment hubs, drawing first-time buyers and investors.
Lakeland’s current median home price of about $321,164 is about 0.3 % higher than a year ago. The city also houses a few colleges and Publix’s corporate headquarters, boosting the local economy.
Siesta Key, Sarasota
Sarasota has a combination of cultural amenities, excellent schools, and beautiful beaches like Siesta Key that always rank among the best in the U.S.
Here, the real estate market flourishes, particularly for expensive houses and vacation homes. Redfin reports that the median home price in Sarasota County is around $660,000.
Mandarin and Riverside, Jacksonville
There’s also Florida’s largest (by population) — and still inexpensive — city, Jacksonville, with its flourishing tech industry and affordable housing. Families love the suburban charm with top-rated schools of Mandarin, while Riverside is the historic urban vibe for the young professional.
The U.S. Census Bureau county population estimates program showed that Jacksonville’s population has continuously grown, and in 2024, the metro area population stands at 1,345,000.
Delray Beach
Delray Beach has become a magnet for younger buyers and retirees alike. It’s known for its art galleries and revitalized downtown, along with many pristine beaches nearby.
Demand for residential real estate is on the rise in Delray Beach. The Pineapple Grove neighborhood demonstrates price appreciation due to its combination of amenities and cultural attractions within a walkable distance.
Gainesville
Gainesville, home to the University of Florida, has always seen consistent rental demand and stable property values. According to the NeighborhoodScout, the median home prices in the city are around $321,316, which makes the town affordable to invest in.
Its student-driven rental market secures a steady inflow of income for investors, and the local economy continues to thrive.
Winter Park, Orlando
Winter Park is an upscale suburb of Orlando with a family-friendly flair, excellent schools, and nice parks. Buyers are looking for a premium lifestyle, and the picturesque downtown has cobblestone streets and boutique shopping.
The area has been consistently appreciating, with some neighborhood’s home values growing by 6-7% annually, making it an attractive option for investors looking for long-term value.
Fort Lauderdale, Las Olas Isles
Known for its luxury waterfront living and proximity to the water, when speaking of luxury waterfront living, this city quintessential fits all the attributes. Las Olas Isles is desired because of its multimillion-dollar properties and proximity to Las Olas Boulevard.
More professionals are relocating to South Florida, which means home demand in Fort Lauderdale continues to rise.
Park Shore, Naples
Naples is a fabled haven for retirees. Its attractive real estate market is enhanced by its beautiful beaches and golf courses. Park Shore, with its beachfront condos and luxury homes, offers the best investment opportunities in the region.
Single-family homes sold for a median price of $950,000 make it a premium market. The area consistently enjoys strong appreciation because of its exclusivity and high demand.
Coral Gables, Miami
Coral Gables is a historic neighborhood blending Mediterranean architecture with modern luxury. It is desired for its prestigious homes, good schools, and proximity to downtown Miami.
Homebuyers and long-term investors seeking stable appreciation will continue to covet this area as median home prices stay above $1.3 million.
Tallahassee
Florida’s state capital, this underrated gem, is affordable, with a great rental market thanks to Florida State University and Florida A&M University. Prices have increased by more than 30% since 2020, while the median home price is $299,000.
Its temperate climate and emerging economy make it an enticing market for steadily growing investors.
Disclaimer – This list is solely the author’s opinion based on research and publicly available information.
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