Back to today’s briefing

Story perspectives

Florida Faces Exodus as Home Prices Soar

2/7/2026

50 9

Summary

Story summary

In 2024, domestic migration out of Florida reached 53,500, up from 30,000 in 2022.
Rising home prices and insurance costs are driving residents to seek cheaper living conditions.
Florida's median home price rose from $298,100 in December 2020 to $412,100 in December 2025.
Florida remains a destination for international buyers, especially affluent individuals from Dubai and London, drawn by tax benefits and a favorable climate.

1 of 1

Story summary

In 2024, domestic migration out of Florida reached 53,500, up from 30,000 in 2022.
Rising home prices and insurance costs are driving residents to seek cheaper living conditions.
Florida's median home price rose from $298,100 in December 2020 to $412,100 in December 2025.
Florida remains a destination for international buyers, especially affluent individuals from Dubai and London, drawn by tax benefits and a favorable climate.