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‘Florida Population Exceeds 20 Million’

  • Fri Sep 2 2016, 4:41 pm
By James D. York, PA

September 2nd, 2016

‘Florida Population Exceeds 20 Million’

By James D. York, P.A.

Cushman & Wakefield’s newly-released Florida Population Report offers an in-depth look at population growth in the Sunshine State, as well as how population affects local economies. The report also includes data on home values, retail sales, and employment in Jacksonville, Orlando, Fort Lauderdale, Fort Myers, Tampa-St. Petersburg, West Palm Beach, Lakeland (Polk County), and Miami-Dade County.

Florida has been growing at a startling rate, topped only by Colorado, Nevada, and North Dakota. Our one million state population in 1910 had increased to ten million in 1980. By the end of 2016, it will have more than doubled to reach 20,700,000—third in the nation after California and Texas.

According to the Cushman & Wakefield report, the number one reason for moving to Florida was job availability. Florida has been above the national average for job growth for the past three years, adding 244,500 jobs in just the past 12 months, mostly in home construction, healthcare, hospitality, and retail sales.

Existing home prices have recently risen somewhat, but still average some $40,000 lower than in 2006. According to researcher Chris Owen, "Florida remains a national leader in population growth. This is driven by excellent employment numbers, lagging home prices and favorable consumer sentiment. We foresee this optimism prevailing in the short term."

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York Real Estate Group consists of James, Michael, and Morgan York, Florida Realtors with Downing-Frye Realty. James York is the winner of the prestigious 2014 and 2015 SWFL People’s Choice Realtor Award. The group has over 25 years combined experience and over $275 million in sales transactions.  Visit The York Group website at www.naplesyorkrealestate.com for all current MLS listings of houses for sale in Naples, Marco, Bonita, and Estero. If you have other questions, the Yorks invite you to email or call them at JYorkinFL@cs.com or 239-273-6727.

 

                    

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