Florida is one of the most popular places to go on vacation in the U.S. According to Visit Florida, The Sunshine State saw 137.6 million visitors in 2022, up 12.9% from 2021 and up 5% from its previous record in 2019.
For those who can afford it and know they will enjoy the environment on a frequent basis, buying a vacation home in Florida can be a wise investment. Plus, it’s an excellent state for retirees (no state taxes!), so if you decide to relocate there in your golden years, your vacation home could potentially transform into your permanent abode.
A new survey by GOBankingRates found that 22% of respondents choose Florida as their vacation home spot, making it the most popular location for this investment.
Fort Myers’ white sand beaches and safe neighborhoods are a Floridian treasure. Its beauty doesn’t come cheaply; according to PayScale, Fort Myers’ cost of living is 9% higher than the national average. Home values are climbing here — up 1.8% year over year, according to Zillow.
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Its hip scene and friendly community make Cape Coral a lovely place to vacation — and it’s very close to Fort Myers. The cost of living here is steep — 9% higher than the national average, according to PayScale, but home prices have been ticking down. According to Zillow, they’re down 5.2%