08/28/2026
Florida’s population growth gets a lot of attention but the wealth these folks are bringing with them may be the more important story for South Florida real estate. While Florida and Texas can go back and forth with population growth look at what has happened with wealth migration.
From 2020–2024, Florida gained approximately $21 BILLION in adjusted gross income from interstate migration by far the largest gain of any state. And the migration hasn’t stopped. In 2025 Florida reportedly added nearly 493,000 residents which is about 1,350 people every day.
For South Florida real estate, particularly the luxury market, this is significant. It isn’t simply about how many people are moving to Florida. It’s about the purchasing power moving with them which creates continued demand for housing, luxury condominiums, second homes and the South Florida lifestyle.
Of course, migration alone doesn’t mean every segment of our real estate market will rise. Inventory, pricing, interest rates and individual buildings still matter tremendously.
But from a long-term perspective I feel buyers would much rather be buying real estate in a state attracting both people AND wealth than one losing them.