Naples Florida

As of 2025, Naples, Florida, continues to be a highly desirable place to live, earning the top spot in U.S. News & World Report’s Best Places to Live 2024-2025 ranking. The city’s population has grown to approximately 20,084, reflecting a steady annual growth rate of 0.96%. This increase underscores Naples’ enduring appeal, characterized by its pristine beaches, upscale amenities, and high quality of life.

In response to this growth, Collier County commissioners approved a $2.97 billion budget for the 2024-2025 fiscal year, marking the second consecutive year of property tax reductions. The aggregate property tax rate has been lowered to 3.76 mills, down from 4 mills in the previous year. This budget prioritizes funding for public safety, infrastructure, and community services, aiming to accommodate the needs of the expanding population.

The real estate market in Naples is experiencing a period of transition. The average home value stands at $574,392, reflecting a 5.1% decrease over the past year. Factors contributing to this decline include an oversupply of new homes and shifting buyer confidence. Analysts suggest that the market is stabilizing after years of rapid appreciation, offering potential opportunities for buyers seeking to enter the market.

Despite these market adjustments, the luxury housing segment in Naples remains robust. The surge in private jet travel has fueled demand for high-end properties, with affluent buyers attracted to the area’s favorable climate, tax advantages, and accessibility to private airports. This trend has reinforced Naples’ reputation as a premier destination for luxury living.

Looking ahead, Naples is poised to maintain its status as a sought-after community. Ongoing investments in infrastructure and public services, coupled with its natural beauty and upscale amenities, position the city for continued growth and prosperity. Residents and prospective buyers can anticipate a balanced market that offers both challenges and opportunities in the evolving landscape of 2025.