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Florida real estate

Florida – Residents Hoping for a Sunny Housing Recovery

There’s no doubt about it – Florida got hit hard when the recession hit. Because its economy relies so heavily on tourism (hey, they don’t call it the “Sunshine State” for nothing!), Florida lost a ton of money when people simply couldn’t afford to come visit.

Plus, Florida’s housing prices had skyrocketed to some of the highest during the country before the bubble burst – especially in South Florida – so it was a long way down when prices plummeted. Now, nearly five years later, Floridians are still trying to recover.

So, what does Florida’s housing market look like today?

Right now, mortgages in Florida are still not healthy. In fact, at the end of 2012, the Sunshine State led the country in the number of homes in some sort of foreclosure. Since the bubble burst, nearly 500,000 Florida homes have been foreclosed on.

Still, though, homes for sale in Florida are slowly but surely starting to creep back onto the market. Both inventory and prices rose in South Florida to close out 2012. In fact, Miami-Dade County saw prices steadily increase in each month of 2012.

The most popular homes for sale in South Florida right now are multi-family units – like condos and townhomes. In fact, in Broward County (where Ft. Lauderdale is located), the median sales price for condos and townhouses rose nearly 23% in 2012.

What about the rest of the state?

Real estate experts in the Tampa area are smiling. There are so many new homes for sale in Tampa that contractors are having a hard time getting ahold of materials like drywall. In Hernando County (about an hour north of Tampa), the number of annual home sales just topped 3,000 for the first time in years.

Over in Jacksonville Beach, realtors are so busy that the area has been deemed a “seller’s market” by local experts. In fact, realtors in Florida say they’re being flooded with calls over properties that are close to the water – especially by investors, who want to get a jump on any type of recovery.

And speaking of realtors in Florida, many of them are seeing an increase in all-cash transactions. Thanks to investors who don’t want to go through the red tape of a lender, the number of all-cash sales is on the rise in the Sunshine State – especially in the southern part of the state. In Miami-Dade County, all-cash sales made up 63% of the real estate transactions in November 2012.

What if you want to rent?

If you’re ready to move to the Sunshine State – but aren’t ready to commit to a mortgage – be prepared to pay quite a bit. In Jacksonville, one-bedroom apartments for rent cost, on average, $870 per month. In West Palm Beach, be prepared to pay over $1,000 for a one-bedroom apartment. In Miami, one-bedroom apartments for rent run about $1,500 per month.

Living in Florida

If you want the freedom to tuck your winter coat away for good, then a move to Florida might be perfect for you! Thanks to its unique shape, the Sunshine State offers a whole lot more than just sunshine. People who live here also get plenty of sea breezes, humidity, and temperatures that are never too hot or too cold.

But before you head off for a life of sun and fun, here are some fast facts about Florida:

  • What is the population of Florida?
  • The population of Florida is 19,317,568
  • What is the capital of Florida?
  • The capital of Florida is Tallahassee
  • What is the largest city in Florida?
  • The largest city in Florida is Jacksonville

So, once you head down to the Sunshine State, what is there to do?

Absolutely everything!

Grab the kids and head to Orlando. There, you’ll find Walt Disney World, Universal Studios, Sea World, and Wet ‘n Wild. Other families save up for years to spend just a few days here, but if you live in Florida, this dream destination will only be a few hours away! And, as an added benefit, most of these parks offer lower admission prices if you’re a Florida resident.

Over in Tampa/St. Petersburg, you can get both family fun and big business opportunities. That’s because Tampa is home to Busch Gardens, while the St. Petersburg area has some of the best beaches in the country. The Tampa Bay area is also home to some big companies – including MetLife and Teco Energy.

Down in Miami, there is much more to life than the art deco of South Beach! See history come alive at the Blitmore Hotel in the “City Beautiful” known as Coral Gables (also home to the University of Miami). Or, opt for the up-and-coming Doral area on the western side of town – which is also home to the famous Doral Golf Resort and Spa.

Jacksonville may be close to the Georgia line, but it is very “Florida” – with miles of beaches, waterfront cottages, and more seafood restaurants than you could ever imagine! And with both I-95 and I-10 running right through it, it’s easy to head anywhere from this little corner of the state!

It’s easy to see why people dream of moving to Florida. After all, it offers something for everyone!

This is the Census data for Florida

Population

Total population estimate for Florida (July 1) 2012
19,317,568
Total population change for Florida- April 1, 2010 to July 1, 2012
2.7%

Age

Percentage of the population that's under 5 years old in Florida, 2011
5.6%
Percentage of the population that's under 18 years years old in Florida, 2011
21.0%
Percentage of the population that's 65 years and over Florida, 2011
17.6%

Gender

Percentage of the population that are females in Florida, 2011
51.1%

Race breakdown for Florida in percentages

White alone, 2011
78.5%
Black alone, 2011
16.5%
American Indian and Alaska Native alone,2011
0.5%
Asian alone, percent, 2011
2.6%
Native Hawaiian and Other Pacific Islander alone, 2011
0.1%
Two or more races, 2011
1.8%
Hispanic or Latino Origin, 2011
22.9%
Not Hispanic, White alone, 2011
57.5%

A little more about the residents of Florida

Percentage of residents who lived in the same house 1 year ago, 2007-2011
83.5%
Percent of residents who are foreign born 2007-2011
19.2%
Percent speaking a language other than English at home, 2007-2011
27.0%

Education

Percent high school graduates or higher for residents 25 years old and over in Florida, 2007-2011
85.5%
Percent with a bachelor's degree or higher for residents 25 years old and over in Florida, 2007-2011
26.0%

Veterans

Total number of Veterans living in Florida 2007-2011
1,637,466

Communting

The average travel time to work for workers in Florida (16 years and over not working at home), 2007-2011
25.7 mins

Real estate stats in Florida

Housing unit estimates, 2011
9,026,965
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
69.0%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
29.9%
Median value of specified owner-occupied housing units, 2007-2011
$188,600.00
Households, 2007-2011
7,140,096
Average household size, 2007-2011
2.56

Income

Per capita income for Florida in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$26,733.00
Median household income in Florida, 2007-2011
$47,827.00
Percentage of people living in poverty in Florida 2007-2011
14.7%

Business and commerce info for Florida

Private nonfarm establishments, 2010
491,150
Private nonfarm employment for pay period including March 12, 2010
6,626,558
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
6.6%
Total number of businesses in Florida, 2007
2,009,589
Percentage of Black-owned businesses in Florida, 2007
9.0%
Percentage of American Indian- and Alaska Native-owned businesses in Florida , 2007
0.5%
Percentage of Asian-owned businesses in Florida, 2007
3.2%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Florida, 2007
0.1%
Percentage of Hispanic-owned businesses in Florida, 2007
22.4%
Percentage of Women-owned businesses in Florida, 2007
28.9%

Land size and population

Size of Florida in Square Miles, 2010
53,624.76 mi²
Population per square mile in Florida, 2010
350.6

Florida real estate

2 LOTS PORT CHARLOTTE

Alexander

Altamonte Springs

Altonna

Altoona

Alturas

ALTURAS

ANTHONY

apulachua

ARIPEKA

ASHEVILLE

ASTATULA FL

AUCILLA

AVON PARK

Bagdad

Bahia Shores

Bal Harbor

Baldwin

Barefoot Bay

Bay Harbour

BAY HARBOUR ISLAND

Beacon Square

Belle Glade Camp

BELLE ISLE

BELLEAIR

BELLEAIR BEACH

Belleair Bluffs

BELLEAIR BLUFFS

Bellview

Beverly Beach

Big Torch Key

Biscayne Gardens

Black Mountain

Bloomingdale

Boca Grande

Boca Pointe

BOWLING GREEN

BoynTon Beach

Bradenton Beach

BRADLEY

Braenton

Brandenton

Brandon

BRANFORD

Briny Breezes

Bronson

BRONSON-WILLISTON

Brookridge

Brooksville

Brooksville[Not Specified]

BROOKVILLE

Buckville

Burnt Store Marina

bushnell

Bushnell

BUSHNELL FL

Callaway

CALLAWAY

CAMPBELLTON

Canal Point

CAPE HAZE

Cape San Blas

CAPE SAN BLAS

Carver Ranches

Casselberry

CASSELBERRY

CELEBRATION / KISSIMMEE

CELEBRATION/KISSIMMEE

Center Hill

CHAIRES

CHAMPIONS GATE

CHAMPIONSGATE

Charlotte Harbor

CHARLOTTE HARBOR

Chiefland

CHIEFLAND FL

Chokoloskee

Christmas

Chuluota

Citrus Hills

Citrus Springs

Clermont

Cloud Lake

Cocoa Beach

COCOA BEACH

Coleman

COMPASS LAKE

CONFIDENTIAL

Coral Gable

coral gables

CORAL SPRING

CORTEZ BRADENTON

COTTONDALE (WASH.CO)

Crescent City

CRESCENT CITY

Crestview

CROSS CITY

CRYSTAL BEACH

CRYSTAL RIVER

CYPRESS

Cypress Lakes

DAVEN PORT

De Leon Springs

Debary

Deer Island

DEER ISLAND

DeFuniak Springs

DEFUNIAK SPRINGS

DeLand

Deltona

Dona Vista

DONA VISTA

DOVER (Valrico Area)

DOVER (VALRICO AREA)

Dundee

Dunedin

Dunellon

Dunnelllon

DUNNELLON

DUNNELLON-OCALA

East Lake Weir

EATON PARK

Eatonville

Edgewater

EDGEWATER

El Jobean

Ellenton

ENGLEWOOD (GROVE CITY)

Enterprise

Everglades City

Fanning Springs

Fern Park

Fernandina Beach

FERNDALE

Flagler beach

FLOMATON

FLORAHOME

FLORAL CITY

Florida

FORT MC COY

Fort McCoy

FORT MYERS

Fort Ogden

Fort Walton Beach

Fort White

Freeport

fruitland park

ft lauderdale

FT MEADE

FT WALTON BEACH

FT. Myers

FT. MYERS

GADSDEN COUNTY

Gainesville Area

Gainesville FL

Gainesville Florida

Garden Grove

Gateway

Geiger Key

GENEVA

Georgetown

GLEN ST MARY

Glen St. Mary

Golden Isles

Golden Lakes

Goodland

Goodland (Marco)

Gotha

Green Cove Springs

GREENACRES

Greenville

Groveland

Gulf Stream

Gulfport

Haines City

hallandale beach

Hampton

Hastings

Haverhill

Hawthorne

HAWTHORNE

Hawthorne Florida

Hawthrone

Hernando Beach

HERNANDO BEACH

High Springs

Hill 'n Dale

HOLIDAY OUT

Hollandale

Holly Hill

HOLLY HILL

Homeland

HOMELAND

Howey-in-the-Hills

HOWEY-IN-THE-HILLS

Hudson]

Hutchinson Island

indian creek

Indian Creek

Indian Harbour Beach

INDIAN LAKE ESTATES

Indian River Shores

INDIAN ROCKS BEACH

Inglis

INTERCESSION CITY

Interlachen

INTERLACHEN

Interlachen (Palatka)

INVERNESS

Islamorda in the Florida Keys

Islands/Caribbean

Jacksonville Beach

JASPER

JENSEN BEACH

JENSEN BEACH FL

JENSEN BEACH FL.

JENSEN BEACHFL

JENSEN BEACHFLORIDA]

Julington Creek Plantation

Jupiter Inlet Colony

Kathleen

KENNETH CITY

Key Colony Beach

KISSIMMEE/CELEBRATION

LA DECA

La Fortuna

Lady Lake

LADY LAKE (HARBOR HILLS)

LAKE PANASOFFKEE

Lake Alfred

Lake Butler

Lake Clarke Shores

Lake Hart

LAKE HELEN

Lake Kathryn

LAKE KATHRYN (PAISLEY) FL

lake pan

LAKE PLACID

Lake Suzy

LAKE TALQUIN

Lakes by the Bay

LAMONT FL

LANARK VILLAGE

Land O Lakes

LAND O 'LAKES

Largo fl

Lauderdale

Lauderdale by the Sea[Not Specified]

LAUREL HILL

Lely Resort

Lesburg

Little Gasparilla Island

LITTLE GASPARILLA ISLAND

LITTLE GASPARILLA ISLAND PLACIDA

Little Torch Key

Live Oak

Lockhart

Lorida

LOUGHMAN

Lutz - Pasco County

LUTZ (TAMPA AREA)

MACCLENNY

Madeira Beach

Malabar

MALABAR

Mangonia Park

Marco Island

MARCO ISLAND

Masaryktown

MASARYKTOWN

Mascotte

MAYO

McAlpin

MCALPIN

McIntosh

Meadow Woods

MEADOWS AND VILLAS

Melbourne Beach

Merritt Island

miamii

MICANOPY

MICANOPY FL

MICCO

Middle River East Fort Lauderdale

Middle Torch Key

MIDDLEBURG

Minneola

Miramar Beach

Miramar Beach Fl

Miromar Lakes

MIROMAR LAKES

Miromar Lakes Beach and Golf Club

Mission Bay

Monticello

Morriston

MORRISTON

mt dora

Mulberry

Myakka City

N. VENICE

Naples North

New Port Richey

New Smyrna Beach

NEW SMYRNA BEACH

New Tampa Area

Newberry

Niceville

No Name Key

Nobleton

NORTH FORT MYERS

NORTH FORT MYERS

NORTH PORT-Warm Mineral Springs

North Redington Beach

NORTH REDINGTON BEACH

Northeast Alachua County

Oakland

O'BRIEN

Ocklawaha

OCKLAWAHA

Odessa (Hillsborough County)

Odessa (Pasco County)

Okeechob

OKEECHOBEE

Oklawaha

Old Town

ORANGE BEACH

Orange City

ORANGE CITY

Orange Park

Orient Park

Ormond-by-the-Sea

OSPREY (INCLUDES WET SLIP)

Osteen Florida

Other City - In The State Of Florida

Other City - Keys/Islands/Caribbean

Other City - Not In The State Of Florida

Outside Area (Outside Ca)

Oxford

Pace

Pahokee

Palatka

PALATKA

Palm Beach Shores

palm harbor

Palm Harbor

Palmdale

PANAMA CITY BEACH

Pensacola Beach

Pine Castle

PINE ISLAND SOUND / ICW

Pine Lakes

PINE LAKES/EUSTIS

pinellas park

Pinellas Park

Pinetta

Pinetta (Madison County)

PLACIDA-Rotonda Sands

Plant City

Pompano Beach Highlands

PONCE DE LEON

PONTE VEDRA

PORT CHARLOTTE

PORT CHARLOTTE and ROTONDA FLORIDA

PORT CHARLOTTE / S. GULF COVE

PORT CHARLOTTE-Gulf Cove

PORT CHARLOTTE-South Gulf Cove

Port Saint Joe

Port Saint John

PORT ST JOE

Port St Lucie

Port St. Joe

Punta Gorda

PUNTA GORDA-Charlotte Ranchettes

Punta Groda

reddick

Redington Beach

REDINGTON BEACH

Redington Shores

REUNION/KISSIMMEE

Ridge Manor

RIDGE MANOR

RIDGE MANOR (WEBSTER)

Ridge Manor Florida

riverview

RIVIERVIEW

Rockland Key

ROTONDA and PORT CHARLOTTE

ROTONDA SANDS

Rotonda West Pine Valley

ROUND LAKE

ROYAL (WILDWOOD)

S LACKLAND

S[ring Hill

Saint Augustine Beach

SAINT CLOUD Kissimmee

Saint Cloud St. Cloud

Saint James City

SAINT JAMES CITY

Saint Johns

Saint Lucie West

SAINT PETE BEACH

SAINT PETERSBURG

SALT SPRINGS

Samsula

San Carlos Park

Sanford

Santa Rosa Beach

Sarasota

Sarasota/Bradenton Area

Satellite Beach

Satsuma

Scottsmoor

Sea Ranch Lakes

SEBRING

Sebring, Fl

Seminole

Seminole County

Sewalls Point

Sewall's Point

Shady Hills

SIESTA KEY

Siesta Key

Silver Springs

SILVER SPRINGS

South Bay

South Daytona

SOUTH LAKE COUNTY

South Miami Heights

South Palm Beach

South Palm Beach Miami

South Ponte Vedra Beach

South Sarasota

Southport

SOUTHPORT

Sping Hill

SPRING CREEK

Spring Hill

SPRING HILL / BROOKSVILLE

Springhill

SPRUCE CREEK SOUTH

ST AUGUSTINE

ST CLOUD

ST JAMES

St John's River

St Lucie West

st petersburg

St Petersburg

St. Augustine Beach

St. Augustine Fl

ST. CLOUD

St. Joseph

ST. MARKS

St. Peterburg

ST. PETERSBURG

ST.PETERSBURG

STARKE

Sugarloaf Key

Sugarmill Woods

SUMEMRFIELD

SUMMERFIELD

SUMMERFILED

Sun City Center

SUN CITY CENTER

SUNNY HILLS

SUNNY ISLES

Sunny Isles Beach Florida

Sunny Isles Beach, Florida

Sunset Key

Sunshine Ranches

SW RANCHES

Tallahassee

Tamiami

tampa

TANGERINE

TARPON SPRINGS

Tavares

TAVERNIER

Terra Ceia

TERRA CEIA

THE VILLAGES

Thonotosassa

Tierra Verde

Timber Pines

TITUSVILLE

Town 'n' Country

TOWN N COUNTRY

Treasure Island

Trenton

Trinity

Un - Incorporated Pb County

Unincorporated

UN-INCORPORATED

Un-Incorporated Broward County

UNIVERSITY PK