Do you know which state is home to the fastest growing metro area in the country? According to the recent U.S. Census Data, the answer to this question is Florida. Specifically, The Villages retirement community in Central Florida. Located in Sumter County, Florida, The Villages is an age-restricted community that spreads into portions of Lake and Marion counties as well. It is approximately 20 miles south of Ocala, FL and 45 miles northwest of Orlando, FL. Needless to say, this community has become quite popular among retirees over the years.
Of course, the popularity of The Villages is also a testament to an aging population that is increasingly looking to Florida to spend their retirement years. In turn, this will result in increased political and economic power for The Sunshine State. In addition, a continued strong demand for housing throughout the state is also expected.
What this means
As a whole, the Florida economy can expect continued growth for the foreseeable future. With this said, the demand for assisted-living communities and associated medical healthcare workers will continue to grow. As for real estate, retirement continues to be the top reason for relocating Americans due to an aging baby boomer population. However, Florida has also seen growth in other areas as well.
The increased popularity of remote working environments due to the pandemic is also a significant growth driver for The Sunshine State. In addition to tropical climates, Florida has also been largely open for business and many working-class Americans also appreciate the lack of a state income tax. In many instances, Americans are able to move from a more expensive market, keep their same wage, and still realize an increased income due to the lack of a state income tax.
Whether you are looking to retire in Florida or simply ready to work remotely from paradise, we can help. As native Floridians, no other real estate brokerage knows the Southeast Florida market quite like the team at Live South Florida Realty, Inc.
Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. At Live South Florida Realty, Inc., we have been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!