A Florida Gulf Coast community has seen a massive influx of new residents from the Midwest which are behind the rapid growth of the region.
The population of Sarasota County, Floridagrew 12.4% in the five years to April 2025, according to the Florida Bureau of Economic and Business Research (BEBR).
Midwesterners have flocked to the community for a permanent move as retirement nears or begins, following the path taken by many of the region’s snowbirds who settle in the warmer climate during the Midwest’s cold winters.
“The influx of Midwesterners to Sarasota reflects a confluence of factors that have been building for decades, including the natural I-75 corridor, the Gulf’s quieter, more accessible beaches, and a cultural rhythm that feels closer to the Midwest than the intensity of Miami,” Realtor.com Senior Economist Hannah Jones told FOX Business.
SILICON VALLEY ELITE SHIFT RECORD WEALTH TO BUILD FLORIDA’S NEW “TECHNICAL CAPITAL”
Sarasota County, Florida has seen a large influx of new residents over the past decade, many from the Midwest. (iStock)
While the rise in the number of Midwesterners in the region began before the Covid-19 pandemicthe economic disruption caused by the pandemic has helped accelerate the trend, with remote working making it easier for those still working to relocate.
“What accelerated this long-standing pattern was the pandemic, which freed buyers from their desks and gave them both the means and motivation to make a move they might otherwise have saved for retirement,” Jones said.
Census Bureau data showed that about 1,585 people in Michigan moved to Sarasota County from 2018 to 2022, while other Midwestern states were not far behind. Illinois contributed 1,399 transplants and Ohio added another 1,282.
HOUSING AFFORDABILITY WILL NOT RETURN TO MORE AFFORDABLE LEVELS OF THE PAST, SAYS ECONOMIST
Sarasota remains in demand despite falling real estate prices in areas like Cape Coral and Tampa. (Octavio Jones/AFP via Getty Images)
Florida BEBR data showed a net influx of 72,493 residents to Sarasota from 2020 to 2025. IRS data showing county-to-county flows from 2022 to 2023 showed that about 5,300 Midwesterners moved to the region and accounted for about 17.5% of incoming residents, making the region the second-largest source of new residents behind the Northeast.
The influx of new residents initially overwhelmed Sarasota’s population. housing marketand Jones noted that “the resulting wave of demand hit Sarasota hard: Inventories crashed, prices soared, and the market briefly rewarded anyone willing to forgo contingencies and close quickly.”
THE INCOME NEEDED TO Afford A MEDIA-PRICED HOME HAS ALMOST DOUBLED SINCE 2020, REPORT SAYS
Florida’s population increase intensified during the COVID pandemic, when its economy remained relatively open compared to other states. (Zak Bennnett/Bloomberg via Getty Images)
Over time, the market has adjusted and housing prices in the areas have stabilized, so Sarasota remains in demand despite a higher price. median listing price by $487,000 in May 2026, compared to neighboring cities like Tampa ($400,000) and Cape Coral ($399,000).
“The supply response came in part from new construction, but the condo market in particular has outpaced post-pandemic appetite, leaving this segment weaker even as single-family home inventories have since tightened,” Jones said.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“What Sarasota is going through now is less of a setback than a recalibration. The underlying attraction to Sarasota County hasn’t changed, but the market has shifted from one that penalized hesitation to one that rewards it.”