Florida’s Orange Groves Give Way to Housing Boom

Published On: March 3rd, 2025By

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Florida’s Orange Groves Give Way to Housing Boom

Florida’s iconic orange groves are disappearing, increasingly replaced by residential housing as the state grapples with a declining citrus industry and soaring population growth. Once spanning over 900,000 acres in the 1970s, citrus land has shrunk to about 375,000 acres by 2023, with much of the lost acreage in Central Florida—counties like Polk and Orange—now sprouting subdivisions and apartment complexes. This shift, accelerating in recent years, reflects environmental woes, economic pressures, and a housing crunch reshaping the Sunshine State.

The citrus industry’s downfall began with citrus greening, a devastating bacterial disease detected in 2005. Spread by the Asian citrus psyllid, greening has slashed orange yields to 15.8 million boxes in 2023—the lowest since the 1920s—from a pre-greening peak of over 200 million. Hurricanes like Irma (2017) and Ian (2022), plus freezes and droughts, have piled on, making grove maintenance unprofitable. Many growers, facing rising costs and falling returns, have sold their land, often at a fraction of its potential residential value.

Meanwhile, Florida’s population has exploded, adding 420,000 residents between 2022 and 2023 alone, pushing the total past 22 million. With a housing shortage estimated at over 300,000 units, developers are pouncing on former grove land, especially near urban hubs like Orlando and Tampa. Prices for citrus land can be as low as $5,000 per acre, but rezoned for housing, it fetches $20,000 to $50,000—an irresistible flip for landowners and builders like Lennar and D.R. Horton. Projects like Horizon West, a sprawling community west of Orlando, exemplify this trend, turning rural groves into suburban neighborhoods.

The conversion process isn’t seamless. Developers must navigate rezoning, public hearings, and local resistance over traffic and density, but city governments, hungry for tax revenue, often expedite approvals. The economic upside is clear—construction jobs replace some of the 33,000 citrus positions lost—but it’s bittersweet. Housing supply grows, yet many new homes target mid-to-high-end buyers, sidestepping affordability woes in a state where median home prices hit $400,000 in 2023.

Environmentally, the shift trades carbon-absorbing groves for concrete, worsening runoff and heat in a region which can ill afford either. Culturally, it chips away at Florida’s identity—orange blossoms once perfumed the air, a sensory experience which is now fading from memory.

Looking forward, citrus acreage could drop below 300,000 by 2030 unless greening-resistant trees emerge. With Florida’s population projected to reach 25 million by then, housing demand won’t relent. Some growers experiment with hemp or solar farms, but these pale beside real estate’s allure. Conservation efforts and state funding—$100 million for greening research in 2023—offer hope, yet the tide favors development.

Florida’s orange groves are yielding to homes, an unavoidable result of the population boom and loss of market-share to less costly and more reliable Brazilian orange crops. As bulldozers replace blossoms, the state’s challenge is balancing growth with its roots—a story still unfolding in every new rooftop and lost citrus scent.

About the Author: James Cordier

James Cordier is a 35 year veteran of the US and international futures markets. As a retail broker in the 1980’s and 90’s, James developed a specialty in the fundamentals of physical commodities such as softs, grains, metals and energies. Parlaying this knowledge as a CTA in the 2000s and 2010s, he became better known as an option strategist and trusted voice in national financial media. His book, The Complete Guide to Option Selling, has been in continuous publication through McGraw-Hill since 2004 and is currently published in 5 languages. James’ market comments and insights have been featured globally on CNBC, Bloomberg, Fox Business, The Wall Street Journal, and Barrons.

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Florida’s Orange Groves Give Way to Housing Boom

Published On: March 3rd, 2025By

Share This Story, Choose Your Platform

Florida’s Orange Groves Give Way to Housing Boom

Florida’s iconic orange groves are disappearing, increasingly replaced by residential housing as the state grapples with a declining citrus industry and soaring population growth. Once spanning over 900,000 acres in the 1970s, citrus land has shrunk to about 375,000 acres by 2023, with much of the lost acreage in Central Florida—counties like Polk and Orange—now sprouting subdivisions and apartment complexes. This shift, accelerating in recent years, reflects environmental woes, economic pressures, and a housing crunch reshaping the Sunshine State.

The citrus industry’s downfall began with citrus greening, a devastating bacterial disease detected in 2005. Spread by the Asian citrus psyllid, greening has slashed orange yields to 15.8 million boxes in 2023—the lowest since the 1920s—from a pre-greening peak of over 200 million. Hurricanes like Irma (2017) and Ian (2022), plus freezes and droughts, have piled on, making grove maintenance unprofitable. Many growers, facing rising costs and falling returns, have sold their land, often at a fraction of its potential residential value.

Meanwhile, Florida’s population has exploded, adding 420,000 residents between 2022 and 2023 alone, pushing the total past 22 million. With a housing shortage estimated at over 300,000 units, developers are pouncing on former grove land, especially near urban hubs like Orlando and Tampa. Prices for citrus land can be as low as $5,000 per acre, but rezoned for housing, it fetches $20,000 to $50,000—an irresistible flip for landowners and builders like Lennar and D.R. Horton. Projects like Horizon West, a sprawling community west of Orlando, exemplify this trend, turning rural groves into suburban neighborhoods.

The conversion process isn’t seamless. Developers must navigate rezoning, public hearings, and local resistance over traffic and density, but city governments, hungry for tax revenue, often expedite approvals. The economic upside is clear—construction jobs replace some of the 33,000 citrus positions lost—but it’s bittersweet. Housing supply grows, yet many new homes target mid-to-high-end buyers, sidestepping affordability woes in a state where median home prices hit $400,000 in 2023.

Environmentally, the shift trades carbon-absorbing groves for concrete, worsening runoff and heat in a region which can ill afford either. Culturally, it chips away at Florida’s identity—orange blossoms once perfumed the air, a sensory experience which is now fading from memory.

Looking forward, citrus acreage could drop below 300,000 by 2030 unless greening-resistant trees emerge. With Florida’s population projected to reach 25 million by then, housing demand won’t relent. Some growers experiment with hemp or solar farms, but these pale beside real estate’s allure. Conservation efforts and state funding—$100 million for greening research in 2023—offer hope, yet the tide favors development.

Florida’s orange groves are yielding to homes, an unavoidable result of the population boom and loss of market-share to less costly and more reliable Brazilian orange crops. As bulldozers replace blossoms, the state’s challenge is balancing growth with its roots—a story still unfolding in every new rooftop and lost citrus scent.

About the Author: James Cordier

James Cordier is a 35 year veteran of the US and international futures markets. As a retail broker in the 1980’s and 90’s, James developed a specialty in the fundamentals of physical commodities such as softs, grains, metals and energies. Parlaying this knowledge as a CTA in the 2000s and 2010s, he became better known as an option strategist and trusted voice in national financial media. His book, The Complete Guide to Option Selling, has been in continuous publication through McGraw-Hill since 2004 and is currently published in 5 languages. James’ market comments and insights have been featured globally on CNBC, Bloomberg, Fox Business, The Wall Street Journal, and Barrons.

Questions, comments, or suggestions? We’d like to hear from you. Send your feedback directly to

Share This Story, Choose Your Platform!

Florida’s Orange Groves Give Way to Housing Boom

Published On: March 3rd, 2025By

Share This Story, Choose Your Platform

Florida’s Orange Groves Give Way to Housing Boom

Florida’s iconic orange groves are disappearing, increasingly replaced by residential housing as the state grapples with a declining citrus industry and soaring population growth. Once spanning over 900,000 acres in the 1970s, citrus land has shrunk to about 375,000 acres by 2023, with much of the lost acreage in Central Florida—counties like Polk and Orange—now sprouting subdivisions and apartment complexes. This shift, accelerating in recent years, reflects environmental woes, economic pressures, and a housing crunch reshaping the Sunshine State.

The citrus industry’s downfall began with citrus greening, a devastating bacterial disease detected in 2005. Spread by the Asian citrus psyllid, greening has slashed orange yields to 15.8 million boxes in 2023—the lowest since the 1920s—from a pre-greening peak of over 200 million. Hurricanes like Irma (2017) and Ian (2022), plus freezes and droughts, have piled on, making grove maintenance unprofitable. Many growers, facing rising costs and falling returns, have sold their land, often at a fraction of its potential residential value.

Meanwhile, Florida’s population has exploded, adding 420,000 residents between 2022 and 2023 alone, pushing the total past 22 million. With a housing shortage estimated at over 300,000 units, developers are pouncing on former grove land, especially near urban hubs like Orlando and Tampa. Prices for citrus land can be as low as $5,000 per acre, but rezoned for housing, it fetches $20,000 to $50,000—an irresistible flip for landowners and builders like Lennar and D.R. Horton. Projects like Horizon West, a sprawling community west of Orlando, exemplify this trend, turning rural groves into suburban neighborhoods.

The conversion process isn’t seamless. Developers must navigate rezoning, public hearings, and local resistance over traffic and density, but city governments, hungry for tax revenue, often expedite approvals. The economic upside is clear—construction jobs replace some of the 33,000 citrus positions lost—but it’s bittersweet. Housing supply grows, yet many new homes target mid-to-high-end buyers, sidestepping affordability woes in a state where median home prices hit $400,000 in 2023.

Environmentally, the shift trades carbon-absorbing groves for concrete, worsening runoff and heat in a region which can ill afford either. Culturally, it chips away at Florida’s identity—orange blossoms once perfumed the air, a sensory experience which is now fading from memory.

Looking forward, citrus acreage could drop below 300,000 by 2030 unless greening-resistant trees emerge. With Florida’s population projected to reach 25 million by then, housing demand won’t relent. Some growers experiment with hemp or solar farms, but these pale beside real estate’s allure. Conservation efforts and state funding—$100 million for greening research in 2023—offer hope, yet the tide favors development.

Florida’s orange groves are yielding to homes, an unavoidable result of the population boom and loss of market-share to less costly and more reliable Brazilian orange crops. As bulldozers replace blossoms, the state’s challenge is balancing growth with its roots—a story still unfolding in every new rooftop and lost citrus scent.

Questions, comments, or suggestions? We’d like to hear from you. Send your feedback directly to

Share This Story, Choose Your Platform!

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