April 4, 2020

Real Estate

Florida millennials are moving back to the burbs

Mike Vogel | 1/27/2020

City vs. Suburb (2017-18)

With a few exceptions, Florida’s suburbs have been growing faster than its primary cities.

Miami-Fort Lauderdale-West Palm Beach

Primary city growth rates 1.81%
Suburb growth rates 0.68%

Tampa-St. Petersburg-Clearwater

Primary city growth rates 1.24%
Suburb growth rates 1.80%

Orlando-Kissimmee-Sanford

Primary city growth rates 1.63%
Suburb growth rates 1.49%

Jacksonville

Primary city growth rates 1.36%
Suburb growth rates 2.89%

Numbers Gain

These 10 Florida communities, which include so-called “Census-designated places” that are part of larger metro areas, had the largest increase in the number of Millennials since 2010.

Area Gain in Millennials
Jacksonville 19,290
Orlando 18,212
Miami 17,551
St. Petersburg 7,401
Lehigh Acres (Lee County) 5,934
Tampa 5,649
Fort Lauderdale 5,457
Riverview (Hillsborough County) 4,824
Four Corners (Orlando area) 4,382
Miami Beach 3,976

 

Slower Gains at Some of Florida’s Largest Metros

While Florida continues to add residents, some of the state’s largest metros have seen growth slow over the past three years.

City 2014-15 2016-17 2017-18
Orlando-Kissimmee-Sanford 62,668 59,931 60,045
Tampa-St. Petersburg-Clearwater 56,376 57,010 51,438
Miami-Fort Lauderdale-West Palm Beach 77,254 62,752 49,095
Jacksonville 28,164 28,721 29,860
Lakeland-Winter Haven 14,238 19,594 22,179
North Port-Sarasota-Bradenton 20,012 16,710 16,434
Cape Coral-Fort Myers 22,169 17,120 15,104
Deltona-Daytona Beach-Ormond Beach 12,630 12,019 11,488
Palm Bay-Melbourne-Titusville 10,394 10,927 8,584

 

Tags: Real Estate, Feature, Millennial Trends

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