F
lorida's reputation as a top retirement destination is waning, according to a recent RE/MAX report. Many Americans, including retirees, are leaving the state in search of more affordable options. The report highlights that Florida's major metro areas - Miami, Orlando, and Tampa - have seen significant increases in housing inventory, with some areas experiencing year-over-year growth of up to 67%.

    Retirees are being priced out of their condos due to skyrocketing insurance premiums, special assessments, and maintenance costs. In Naples, many owners are selling their second or third homes and returning to their primary communities. Single-family homeowners are also feeling the pinch as insurance costs and maintenance expenses rise.

    Some retirees are opting for alternative winter destinations like Arizona, while others are waiting to see how the market evolves over the next year. Within Florida, there's a shift towards inland communities with new construction, competitive pricing, and lower insurance rates. Retirees are moving away from coastal areas to places like Ave Maria, Babcock Ranch, or Central Florida, where they can find newer homes, modern infrastructure, and fewer hurricane-related concerns.

    These areas often come with lower HOA fees and strong community amenities, making them an attractive option for retirees looking to redefine what living in Florida means. It's not about abandoning the state entirely, but rather finding more affordable and appealing alternatives within it.