A moving-truck magnet: Cape Coral ranks as one of top 10 metro move-to hotspots in US.

Luis Zambrano, Fort Myers News-Press
·2 min read
2

Cape Coral ranked 8th as one of the top 10 metro move-to hotspots, alongside four other Florida cities.

According to data from Redfin analyzed by Florida Realtors, Florida metro areas are strongly desired by potential homebuyers who are looking to move out of state.

Here's what you need to know:

How were these statistics obtained?

The data used was based on 2 million home searches conducted through Redfin’s website and covers more than 100 U.S. metro areas from July to September.

More: Soaring above Cape Coral's beloved Yacht Club Beach: Drone video shows it's almost ready

Florida Realtors report states that almost 26% of homebuyers were looking to move out of state in the third quarter of 2023.

The report notes that Florida's metro areas remain desirable despite drops in demand since the early days of the pandemic.

"While overall demand has dropped some since the early days of the pandemic and work-from-home changes, the state continues to attract new residents, unlike some pandemic hotspots that have seen demand drop," the report said.

Gorgeous sunsets like this one are one of the many attractions that lead people to move to Cape Coral.
Gorgeous sunsets like this one are one of the many attractions that lead people to move to Cape Coral.

Where are new Cape Coral residents coming from?

Of Cape Coral's 3,300 new residents in the third quarter, the top spot they were arriving from was Chicago.

Top 10 U.S. go-to metros areas in the third quarter of 2023

  1. Sacramento, Calif. – 4,800 new residents; top out-of-state origin: Chicago

  2. Las Vegas – 4,500 new residents; top out-of-state origin: Los Angeles

  3. Orlando – 4,000 new residents; top out-of-state origin: New York City

  4. Myrtle Beach, S.C. – 3,800 new residents; top out-of-state origin: Washington, D.C.

  5. North Port-Sarasota – 3,700 new residents; top out-of-state origin: New York City

  6. Portland, Maine – 3,500 new residents; top out-of-state origin: Boston

  7. Tampa – 3,400 new residents; top out-of-state origin: New York City

  8. Cape Coral – 3,300 new residents; top out-of-state origin: Chicago

  9. Miami – 3,200 new residents; top out-of-state origin: New York City

  10. Salisbury, Maryland – 3,100 new residents; top out-of-state origin: Washington, D.C.

How much is Cape Coral expected to grow?

Cape Coral is undergoing massive growth and is predicted to reach 430,000 residents by 2070, including the construction of numerous developments.

This article originally appeared on Fort Myers News-Press: Cape Coral is a popular destination for people moving from Chicago