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That $30,000 Florida house from the 80s?
Easily worth $300,000 or more today, said Dutch Mendenhall, co-founder ofRADD Companies.
Population growth, inflation and demand for Floridas warm climate, he added.
In comparison, the national average home price is $362,481.
See what the Florida housing market looks like this year.
The home was built in 1982 and sold for $70,500.
Waterfront properties have appreciated by eight to 10 times their value since they were built, Conti said.
The drivers of home prices are simple:supply and demand, Blackwood said.
For instance, she said a typical Florida home sold for $120,000 in 2001.
In 2023, that price had more than tripled to a startling $374,000.
Yet, the state has become increasingly challenging to live in.
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