More and More People Moving to Florida

The Census Bureau released its latest study on where people move -- and in total number of new residents from 2000 to 2004 -- Florida tops the list with an influx of 190,894 residents. Seven Florida counties also ranked in the top 25 in total number of new residents moving in.

Florida counties in the top 25 for number of inbound residents

Rank -- County -- Average number of new residents per year
7. West Palm Beach: 18,106
8. Pasco: 15,934
9. Lee: 15,654
13. Hillsborough: 12,978
17. Lake: 12,124
22. Brevard: 10,283
24. Volusia: 8,953

Florida counties in the top 25 for growth rate, comparing number of new inbound residents to the number of existing residents

Rank -- County -- Average annual rate of growth
1. Flagler: 79.1
9. Lake: 51.2
12. St. Johns: 48.4
19. Pasco: 42.2
21. Walton: 40.9
24. Hernando: 39.8


Though national statistics reflect a slowdown in home sales, University of Florida economist Dave Denslow expects demographics to bolster Florida's housing market, unless interest rates dramatically rise. The state's warm climate, scenic views, reasonably priced land and low taxes continue to draw buyers.

However, Denslow is waiting for data from the spring and summer months -- which traditionally record the most sales activity -- to gauge the direction of the market. The market presently is adjusting to the end of speculative sales as investors take their money elsewhere, as well as a boost in the cost of construction materials and a shortage of skilled laborers.

For the long run, Florida will continue to be a desired destination for retiring baby boomers. Investors like this good news.