Florida's Migration Sees Steady Decline Over Last 3 Years

Got story updates? Submit your updates here. ›

A new report from Realtor.com has found that Florida's net migration has seen a dramatic 93% decline from its peak in 2022. The state gained just over 22,500 new residents via migration last year, a sharp drop from the 310,892 people who moved to Florida from out of state just three years earlier. The report attributes this decline to a series of destructive hurricanes, along with surging home insurance premiums, higher home prices, and the gradual return to in-office work.

Why it matters

Florida has long been a popular destination for people looking to relocate, drawn by the state's warm weather and sunny climate. However, this new data suggests that the state's appeal may be waning, potentially impacting its economy and real estate market.

The details

According to the Realtor.com analysis, Florida's dramatic 93% drop in net migration compared to its 2022 peak reflects a market normalization after the pandemic-era relocation surge. The report cites a series of destructive hurricanes, along with surging home insurance premiums, higher home prices, and the gradual return to in-office work as factors contributing to the decline in migration to the state.

• In 2022, Florida welcomed 310,892 new residents from out of state.
• In 2025, Florida gained just over 22,500 new residents via migration.