Florida Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Florida's housing market has been shaped by massive in-migration from high-tax northeastern states, creating sustained demand especially in Tampa, Jacksonville, and the Orlando corridor. South Florida (Miami, Fort Lauderdale, Palm Beach) operates as a separate luxury and international market with prices well above state averages. The state's insurance crisis has begun to cool some markets, as rising premiums effectively increase the monthly cost of ownership by $300-800 per month. The Gulf Coast from Naples to Sarasota remains one of the fastest-appreciating markets in the country despite insurance headwinds.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Florida?

The Florida housing market is showing balanced conditions.

home values have declined 4.6% over the past year, which means more negotiating power for buyers. there are currently 4,053 homes on the market.

Median Home Value

$372,755

Zillow Home Value Index

Year-over-Year

-4.6%

Home value change

5-Year Change

+34.9%

Since 2021

Median Rent

$1,884/mo

Zillow Observed Rent Index

Active Listings

4,053

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Florida vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Florida: $1,884/mo (-0.4% YoY)

Rent vs. Buy Analysis

With a median home value of $372,755 and average rent of $1,884/mo, the price-to-rent ratio in Florida is 16.5. A ratio of 15-21 means it could go either way — run the numbers.

Run Full Rent vs. Buy Calculator