Once a retiree’s paradise, Florida’s getting pricey

Housing prices are up — big time.

Ah, Florida, where average temps and ages are both in the 80s.

Once a retiree’s paradise, Florida’s getting pricey

For decades, the state’s been American retirees’ destination of choice. Between 1945 and 2000, a quarter of older Americans who moved between states went to Florida.

  • From April 2020 to April 2021, 300k+ people moved to Florida, more than any other state.
  • Today, roughly one-fifth of the state is 65 and older. In the US, 16% of people fall into that bracket.

There are even entire cities in Florida built for retirees. One, The Villages, had ~80k residents in 2020, a 57% increase from 2010.

But prices are rising — a ton

In 2020, the median price for a house in The Villages was $283k. Today, you’re looking at $402k.

  • Eight of the US’s 10 most overvalued housing markets are in the Sunshine State, and there are now 17 other states where it’s more affordable to retire.

But hey, where else can you find prehistoric lizards taking a stroll on the front lawn?

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