In Sept. 2020, the median home sale price in Florida was $292,300. As of Sept. 2023, that figure had risen to $402,900, a nearly 38% increase, according to Redfin. Renters are also paying more in the state. Since 2020, Florida’s average rent has increased by nearly 46%, from $1,460 in March 2020 to $2,128 in March 2023.