The fastest growing home prices Florida has experienced in recent years continue to reshape the state’s real estate market in 2025. Despite rising mortgage rates and a slowing national housing market, certain Florida cities remain hotspots with significant year-over-year price increases, according to recent data from Zillow.
Florida Cities with the Fastest Growing Home Prices
Stacker’s analysis of Zillow’s Home Values Index highlights several Florida cities experiencing notable home price growth. The rankings reflect dollar increases in typical home values from February 2024 to February 2025.
Orlando-Kissimmee-Sanford Metro Area
The Orlando-Kissimmee-Sanford region stands out prominently, with cities like Lake Buena Vista and Lake Hart leading the charge. Lake Buena Vista recorded the highest one-year price jump in the state, with home values increasing by $422,925 (8.2%), reaching a typical value of $5,581,208. Lake Hart also saw considerable growth, with a $56,187 (5.1%) increase, bringing the typical home value to $1,147,637.
Other Notable Cities in Orlando Metro Area
- Bay Hill: $35,304 increase (4.3%), typical value $851,493
- Ferndale: $32,631 increase (6.2%), typical value $556,328
- Christmas: $27,169 increase (5.2%), typical value $546,008
Miami-Fort Lauderdale-Pompano Beach Metro Area
South Florida continues to see robust home price growth, particularly in luxury markets. Fisher Island saw a substantial $388,911 (6.9%) increase, raising typical home values to $6,022,488. Golden Beach and Pinecrest also experienced significant appreciation, with increases of $122,478 (1.7%) and $110,444 (5.6%), respectively.
Additional South Florida Cities with Strong Growth
- Southwest Ranches: $109,894 increase (8.7%), typical value $1,367,611
- Coral Gables: $87,763 increase (6.2%), typical value $1,495,811
- Village of Palmetto Bay: $58,490 increase (5.7%), typical value $1,076,136
Jacksonville Metro Area
In Northeast Florida, Neptune Beach and Atlantic Beach saw notable home price increases. Neptune Beach recorded a $24,920 increase (3.5%), reaching a typical value of $727,474, while Atlantic Beach experienced a $19,947 increase (3.1%), with typical home values at $671,557.
Other Florida Cities Experiencing Notable Growth
Several smaller cities outside major metro areas also experienced significant price appreciation:
- Lee: $23,386 increase (9.5%), typical value $270,711
- Wellborn: $21,277 increase (7.8%), typical value $295,515
- Zolfo Springs: $17,788 increase (7.2%), typical value $266,213
Factors Influencing Florida’s Home Price Growth
Several factors continue to drive Florida’s real estate market, including population growth, limited housing inventory, and sustained demand from retirees and remote workers seeking warmer climates. Despite higher mortgage rates, these dynamics continue to support home price increases in specific markets, as also noted by The National Association of Realtors.
Port St. Lucie: A Hotspot for New Home Construction
One of the emerging markets in Florida is Port St. Lucie, where new home construction is booming. This city has seen a surge in demand due to its affordability and attractive lifestyle options.
Exciting New Home Communities in Port St. Lucie
For those looking to invest in new homes, communities like Brystol at Wylder offer modern designs and excellent amenities. Additionally, active adults may find Four Seasons at Wylder an ideal choice for a 55+ community with resort-style living.
Frequently Asked Questions About Fastest Growing Home Prices Florida
What is causing the fastest growing home prices in Florida?
Florida’s rising home prices are mainly due to strong demand, limited housing supply, population growth, and continued interest from retirees and remote workers relocating to the state, as reported by Florida Realtors.
How much have home prices increased in Florida recently?
Home prices in Florida have increased significantly, with some cities seeing annual increases over 8%. For example, Lake Buena Vista saw an 8.2% increase in the past year.
Are there affordable cities in Florida despite rising home prices?
Yes, smaller cities like Lee and Zolfo Springs still offer relatively affordable options, despite experiencing notable price increases recently.
Can you expect home prices in Florida to continue growing?
While growth may slow due to higher mortgage rates, continued demand and limited inventory suggest home prices in Florida may continue to rise in select markets.
Where are the most expensive homes located in Florida?
The most expensive homes in Florida are typically found in luxury markets like Fisher Island, Golden Beach, and Pinecrest in the Miami area, and Lake Buena Vista near Orlando.
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