Florida Housing Market
In September, home prices in Florida saw a decreased of 1% compared to the previous year. Meanwhile, home sales increased by 0% , and the number of homes for sale rose by 30.8%.
Florida Housing Market Overview
In September 2024, home prices in Florida decreased by 1% compared to the previous year, with a median sale price of $399,500. The number of homes sold increased by 0% year-over-year, with 31,107 homes sold in 2024, compared to 31,238 in 2023. Additionally, the median time a home stayed on the market increased by 44%, reaching 62 days.
Median Price
$399,500 | YOY decline 1%
# Of Homes Sold
31,107 | YOY growth 0%
Days on Market
62 | YOY growth 44%
Median Price
Historical Median Price for past 24 months
Top 10 Florida Cities with Investment Property Opportunities
1. Miami, FL
3,685 investment Property
3,220 investment Property
2,660 investment Property
4. Tampa, FL
2,381 investment Property
5. NAPLES, FL
2,345 investment Property
6. Orlando, FL
2,332 investment Property
1,584 investment Property
8. Sarasota, FL
1,580 investment Property
1,537 investment Property
10. Bradenton, FL
1,373 investment Property
Florida Housing Supply
In September 2024, California had 192,545 homes for sale, representing a 30.8% increased compared to the previous year. The number of newly listed homes was 43,005 and up 1.7% year over year. The average months of supply is 4.7 months, up 30.5% year over year.
# of Homes for Sale
192,545 | YOY growth 30.8%
# of Newly Listed Homes
43,005 | YOY growth 1.7%
Month of Supply
4.7 | YOY growth 30.5%
# of Homes for Sale
Historical # of Homes for Sale for past 24 months
Top Markets in Florida
Market | Mashmeter Score | Optimal Strategy | Median Price |
|---|---|---|---|
Lake Bonnet, Lakeland, FL | A+ | Short-term | 335,000 |
Lorna Doone, Orlando, FL | A+ | Short-term | 379,000 |
Historic Seaport, Key West, FL | A+ | Short-term | 1,190,000 |
Gateway, Fort Myers, FL | A+ | Short-term | 409,950 |
John Cox, Lakeland, FL | A | Short-term | 335,000 |
Top Neighborhoods in Florida
Florida short term regulations
Jacksonville, FL
Rating:
Legal for non-occupied:
Yes
Rule Summary:
Jacksonville allows short-term rentals in residential districts in single-family homes, two-family homes/duplexes, and townhouses, provided that they hold a short-term Vacation Rental Certificate. Short-term rentals are only permitted in two zones in Jacksonville: General Commercial and Historic Core.
Rented days limit:
N/A
Jacksonville Beach, FL
Rating:
Legal for non-occupied:
Yes
Rule Summary:
Jacksonville Beach has a list of requirements in order to obtain a license, including state ad county registrations, however, there are no restrictions related to STR. An inspection of the rental unit will be conducted by the Fire Marshal by appointment only
Rented days limit:
No limit
Miami, FL
Rating:
Legal for non-occupied:
Area-related restrictions
Rule Summary:
Determine if your property is in a permissible transect zone and if its land use is categorized as lodging. Then, a Certificate of Use and Business Tax Receipt will have to be obtained from the City of Miami. To obtain a Certificate of Use, you must provide Miami's Zoning office with a certificate of occupancy issued by the Building Department, reflecting your building's approval for lodging land use.
Rented days limit:
No limit
Miami Dade county, FL
Rating:
Legal for non-occupied:
Area-related restrictions
Rule Summary:
Your property may be in an incorporated area - in that case, refer to the county rules. According to the Miami-Dade County Code of Ordinances, a vacation home owner must live in the same unit for more than six months a year. The maximum overnight occupancy for vacation rentals is up to a maximum of 2 persons per bedroom, plus 2 additional persons per property, up to a maximum of 12 persons. For properties in designated Estate or Low Density Residential areas, the responsible party or host must reside in the short-term rental property for more than six months per calendar year.
Rented days limit:
180
Tampa, FL
Rating:
Legal for non-occupied:
Yes
Rule Summary:
There are two layers of Airbnb regulations in the Tampa housing market to discuss: the state-level and county-level laws. Overall, Airbnb is legal in Tampa on the state level, but no official ordinance has been passed on the county-level. Hillsborough County, the county Tampa is located in, does not have any official short-term rental laws set in stone as of yet. The City Commission started discussing an ordinance in early March 2019. Some of the proposed Airbnb regulations in Tampa include maximum occupancy limits, parking requirements, and minimum living and safety requirements.
Rented days limit:
N/A
Read More About Florida Market
20 Best Places to Invest in Real Estate in Florida 2025
40 Best Places to Invest in Real Estate
10 Florida Landlord Tenant Laws You Should Know
Understanding Landlord Insurance in Florida: A Guide for Real Estate Investors
