About the North Port Housing Market
Up the western coast of Florida is the city of North Port in Sarasota County. The city is known for its natural springs, including Warm Mineral Springs Park, where the spring-fed pool maintains an 85ºF temperature year-round and its abundance of rich minerals are celebrated for potential healing properties.
Residents that prefer a saltwater dip don’t have far to travel to reach the Gulf Coast, and the city encompasses many of Florida’s other great qualities, too. Many realtors and real estate investors have seen their fair share of interstate moves to the Sunshine State.
North Port is located between Tampa and Fort Myers, offering quick access to some of Florida’s largest cities while having plenty of its own attractions. North Port is home to Warm Mineral Springs, which has one of the highest mineral contents in the world for a natural spring. It’s also the only city in Florida with an entire state forest, the Myakka State Forest, within its city limits. Besides its bountiful outdoor amenities, North Port prides itself with its strong school system and job opportunities. The city saw a 5.5% increase in population from July 2020 – July 2021.
Median Household Income: $65,543
Metro Population: 80,021
11-Year Population Growth: 17.58%
Median Home Price: $360,601
Median Rent Per Month: $1,854
1-Year Equity Growth: -3.1%
1-Year Rent Growth: 11%
8-Year Rent Growth (January 2014 – December 2022): 67%
Job Growth: +44,403 CES jobs created over the last year
1-Year Job Growth Rate: 2.27%
Unemployment Rate: 2.3% (29% lower than the national average)
Tenant Laws: Landlord-Friendly
What to Like
Low cost of living
Growing economy & job market
Close to beaches
Affordable housing
What to Watch Out For
Higher crime rate in some areas
Traffic congestion
Lack of activities
– North Port ranked third in population growth with a 5.5% increase year over year.
– The city’s GDP increased 1.3% between 2019 and 2020 – 26th in our study.
– North Port had the 10th highest employment increase at 7.7%
– Proximity to beaches: North Port is located close to several popular beaches, including Venice Beach, Siesta Key Beach, and Englewood Beach. This makes it an attractive location for retirees and second-home buyers.
– Transportation: North Port is well-connected to other cities in the region, with easy access to I-75 and US-41. The city also has its own general aviation airport, the Sarasota-Bradenton International Airport is also nearby.
Quality of life
North Port is known for its high quality of life, with a variety of outdoor recreational opportunities, including parks, trails, and waterways. The city also has a strong sense of community, with many local events and festivals throughout the year.
Strong job growth
North Port has a growing economy with job opportunities in healthcare, education, and retail. The city also has a strong construction industry, with many new projects underway.
Steady home price appreciation
The city has seen a significant amount of new development in recent years, with new residential and commercial projects being built to accommodate the growing population. North Port is known for its affordable housing, with a median home price of around $230,000, which is lower than the state average.
Purchasing Property in North Port
Overall, North Port’s combination of affordable housing, new development, job opportunities, and high quality of life are attracting many new residents to the area, and the city is expected to continue to grow in the coming years.
North Port is a safe and family-friendly community. The crime rate is low and there are many schools, parks, and activities for families to enjoy. It is located in a convenient location, just a short drive from the beaches, the cities of Fort Myers and Sarasota, and the Tampa Bay area. Furthermore, North Port is located in a beautiful area with a variety of natural habitats.
North Port is located in the Sarasota Bay watershed and is home to a variety of natural habitats, including wetlands, forests, and lakes. There are also several parks and recreation areas in the city, including Warm Mineral Springs State Park, Myakka River State Park, and Lake Vista Park. Overall, North Port is a great place to live if you are looking for a beautiful, affordable, and family-friendly community.
North Port, Florida
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