The Sunshine State, which has received a number of new residents since 2020 in particular, is reaching brand new heights.
The country's population grew by 1.6 million over the past year, with 87% of that increase concentrated in Texas, Florida and South Carolina. Florida ’s population has officially crossed the 23 million mark — an all-time high — thanks to a massive influx of new residents flocking to the Sunshine State from other parts of the US and abroad.
Interestingly, Florida’s population boom is entirely driven by migration. Since just before the COVID-19 pandemic in early 2020, deaths have outpaced births in the state, a trend that is expected to continue. Almost 10% of Florida’s residents are 75 and older, second only to Puerto Rico among US states and territories.Johnny – stock.adobe.com
Texas led the nation in population growth between July 2022 and July 2023, adding nearly half a million new residents amid the ongoing migrant crisis at the border. Following closely behind were Florida, Georgia, South Carolina and Tennessee, all benefiting from outmigration from other states.The country’s population grew by 1.6 million over the past year, with 87% of that increase concentrated in Texas, Florida and South Carolina.
Homebuilders went into overdrive during the pandemic, meeting the demand from Americans seeking cheaper living and remote work opportunities. This has created a potential bubble that could spell trouble ahead.
Florida Population Residential Real Estate
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