Want to know how long it takes for home prices in Florida to double? Do you want to know which metro areas in Florida have witnessed the fastest doubling of home prices in just five years? While the national average is around 10 years, most of Florida’s housing market is in hyperdrive, where home prices have doubled in as little as 5 years! We analyzed historical median home prices of the top metro areas in Florida and ranked them based on the speed at which home prices have doubled.
Places in Florida with the Fastest Home Price Appreciation
The metro areas that have seen the fastest home price increases in Florida are Wauchula, Naples, Sebring, Arcadia, and Palatka, with impressive doubling rates in just five years. Naples stands out as the city where homeowners would have earned the most in absolute dollars if they had bought their homes five years ago. Currently, the median home price in Naples is $675000, while five years ago, it was less than $350,000! This makes me wish I had bought a home in Florida earlier!
Wauchula, FL metro area
- Number of Years: 5
- Median Home Price: $281K
Naples, FL metro area
- Number of Years: 5
- Median Home Price: $675K
Sebring, FL metro area
- Number of Years: 5
- Median Home Price: $274K
Arcadia, FL metro area
- Number of Years: 5
- Median Home Price: $250K
Palatka, FL metro area
- Number of Years: 5
- Median Home Price: $225K
Florida Metros Where Home Prices Doubled in 7 to 8 Years
Here are the metro areas in Florida that are in the middle of the pack when it comes to the speed of home price appreciation. Although they haven’t appreciated at the same rate as the top performers, home prices have still seen an impressive rise. The major metro areas of Miami, Tampa, and Jacksonville took an impressive 7 years for home prices to double. Meanwhile, Fort Lauderdale, Key West, Pensacola and Orlando took 8 years for home prices to double.
Lake City, FL metro area
- Number of Years: 7
- Median Home Price: $255K
Clewiston, FL metro area
- Number of Years: 7
- Median Home Price: $282K
Okeechobee, FL metro area
- Number of Years: 7
- Median Home Price: $175K
Homosassa Springs, FL metro area
- Number of Years: 7
- Median Home Price: $275K
Miami, FL metro area
- Number of Years: 7
- Median Home Price: $526K
Sebastian, FL metro area
- Number of Years: 7
- Median Home Price: $398K
Gainesville, FL metro area
- Number of Years: 7
- Median Home Price: $323K
Jacksonville, FL metro area
- Number of Years: 7
- Median Home Price: $373K
Palm Bay, FL metro area
- Number of Years: 7
- Median Home Price: $353K
Panama City, FL metro area
- Number of Years: 7
- Median Home Price: $367K
Port St. Lucie, FL metro area
- Number of Years: 7
- Median Home Price: $400K
Tampa, FL metro area
- Number of Years: 7
- Median Home Price: $371K
Lakeland, FL metro area
- Number of Years: 8
- Median Home Price: $320K
Ocala, FL metro area
- Number of Years: 8
- Median Home Price: $275K
Deltona, FL metro area
- Number of Years: 8
- Median Home Price: $345K
Fort Lauderdale, FL metro area
- Number of Years: 8
- Median Home Price: $440K
Key West, FL metro area
- Number of Years: 8
- Median Home Price: $988K
Orlando, FL metro area
- Number of Years: 8
- Median Home Price: $399K
Cape Coral, FL metro area
- Number of Years: 8
- Median Home Price: $403K
Pensacola, FL metro area
- Number of Years: 8
- Median Home Price: $319K
Punta Gorda, FL metro area
- Number of Years: 8
- Median Home Price: $355K
Places in Florida Where Homes Prices Doubled in 9-10 Years
Below are the metro areas in Florida that have experienced the slowest appreciation in home prices, taking between 9 and 10 years for prices to double. Tallahassee, The Villages, and North Port homes took 9 years to double in value. On the other hand, Crestview has the slowest appreciating real estate market in Florida, where it took 10 years for home prices to double.
Tallahassee, FL metro area
- Number of Years: 9
- Median Home Price: $280K
The Villages, FL metro area
- Number of Years: 9
- Median Home Price: $370K
North Port, FL metro area
- Number of Years: 9
- Median Home Price: $449K
Crestview, FL metro area
- Number of Years: 10
- Median Home Price: $430K
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