Florida is the third most populous state in the United States, and as a result has a thriving residential real estate market. It is home to several bustling metropolises, such as Miami, Tampa, and Jacksonville, as well as an abundance of natural beauty. There are extensive marshlands as well as pristine beaches with white sand and warm waters. The median value of homes sold in Florida was about 224,600 U.S. dollars as of June 2018, while certain metropolitan areas such as Key West and Naples had median home values much higher than the state average. Miami is especially popular with transplants from other states, with 22 percent of new residents migrating from New York City.
Rental property is also a major part of the Floridian residential property market, with cities such as Fort Lauderdale generating about 2,770 U.S. dollars on average per traditional rental unit. West Palm Beach is one of the most profitable towns for rental property in Florida, with a capitalization rate for long-term rentals properties of eight percent. As a state known for being sunny and warm year round, it is unsurprising that about 50 percent of rental apartments in Miami come with a swimming pool.
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In the following 4 chapters, you will quickly find the 20 most important statistics relating to "Residential real estate in Florida".