Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (2024)

Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (1)

PALM COAST − Despite attracting its first residents only 51 years ago, Palm Coast has edged past Deltona to become the most populous city in the Volusia-Flagler region, according to University of Florida researchers.

And it's going to get bigger. A lot bigger. Palm Coast may be a top 20 city in the state by 2050, a projection embraced by Mayor David Alfin.

That explosion in growth shows no sign of slowing as the Legislature in its 2023-2024 budget, expected to be approved soon, has set aside at least $54 million for the city, according to state Rep. Tom Leek, chairman of the House Appropriations Committee.

That includes money for several projects, including $25 million to extend Matanzas Woods Parkway west into largely vacant land that's primed for development.

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No longer a 'pine-covered swamp'

The city is the largest in the Deltona-Daytona Beach-Ormond Beach metropolitan statistical area, according to data from the University of Florida’s Bureau of Economic and Business Research. The UF figures reflect a trend showing Palm Coast and Flagler County consistently growing at a fasterclip than Deltona and Volusia County.

The U.S. Census Bureau has not yet released its 2022 estimates at a city level.

With 96,504 residents, Palm Coast is now the 26th-largest city in Florida. It's a far cry from 1970, when corporate giant International Telephone & Telegraph, or ITT, announced it would be developing huge tracts of pine forests, cattle ranches, and potato farms in a rural county located between historic St. Augustine and the sunshine and auto-racing mecca Daytona Beach.

Alfin, the city's mayor since 2021, intends to capitalize on Palm Coast's population feat.

“I’ll spare no amount of energy to make sure everybody knows it. It’s good for the community," he said.

More than that, though, Alfin is stoked about what appears to be another growth surge. The first homes are being built in new developments west of U.S. 1, including Sawmill Branch near Matanzas Woods Parkway, and Reverie, a couple of miles to the south.

Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (2)

Those subdivisions are part of the larger Palm Coast Park development of regional impact, or DRI, which is undergoing an amendment expanding its right to build housing units.

The city's Planning and Land Development Regulation Board on April 19 approved a plan to allow Palm Coast Park − a swath of 4,677 acres, or more than 7 square miles − to construct 6,454 dwelling units, up from 3,600 when the development was first approved in 2004.

Alfin said that's only a part of an even larger future-growth exercise the city is undertaking: plotting out the buildout of the city's land.

Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (3)

“We’re master-planning a doubling of the geographic footprint of the city, 40,000 acres," Alfin said. “We call it the frontier project or initiative. There is no other swath of land this size that exists on the east side of Florida that can be master-planned."

The goal is to build a sustainable community with "the highest quality of life in this region, in Florida, that is the model for the region and state," said Alfin, a Realtor who moved to Palm Coast in 2012.

University of Florida researchers peg Flagler's growth rate at 48% by 2050. Palm Coast represents 78% of Flagler County's population, so if that proportion remains the same, the city's population figures to top 142,000 by then.

Other cities will grow, too. This is Florida, after all. But that rate of growth could push Palm Coast into the top 20 in population. At least nine cities just ahead of Palm Coast − including Boca Raton, Clearwater, and Palm Bay − are in counties that are expected to grow at much slower rates.

What attracts people to Palm Coast?

A new City Council member, Theresa Carli Pontieri, 38, said she moved to Palm Coast in 2015, shortly after graduating from law school. With some of her work stretching north to Jacksonville, and her husband employed as an Osceola County firefighter, Palm Coast was a good location to settle. Plus, she has an aunt and cousins living in the city.

Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (4)

“The No. 1 thing, other than having family here, was the affordability. I was pretty fresh out of law school when I moved here,” Pontieri said. “I couldn’t afford a house in St. Johns County.”

Palm Coast offered a chance to be close to the beach and other amenities, such as walking trails and parks, she said.

Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (5)

“Where we live is absolutely beautiful," she said.

Pontieri enjoys walking her three dogs, Bacon, Bailey and Max, to Princess Place Preserve, a state park, where they can “roll around in the mud and dirt.”

She said Palm Coast offers natural resources, walking on both the beach and the sidewalk along State Road A1A, as well as the European Village, a commercial development consisting of restaurants, bars, and boutiques.

“It’s the feel of a close-knit community,” Pontieri said.

Pursuing an economic niche for Palm Coast

According to a University of Florida report, about 29% of Flagler County’s population was age 65 and older in 2021. That was up from 24.5% in 2010.

Alfin is concerned about that.

“We’re older than we were and we need to reverse that trend," the mayor said. "I love the older population and the retirees, but any city that’s out of balance in that category is going to suffer sustainability."

Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (6)

The city needs to also attract young residents, and Alfin believes Palm Coast is onto something that might fill the bill.

He believes a combination of hospitals and universities – educating and training future medical professionals – might be a niche with which Palm Coast can capitalize on. Jacksonville University, the University of North Florida, and Daytona State College all have started training programs for nurses and other medical professionals in Palm Coast.

“We are building our brand as a regional destination for healthcare services training and associated medical technical skills," Alfin said. "We need to attract a younger resident for the future. That’s why this health care training service model works for us, to balance our future."

Keep options open

Pontieri, who calls herself a data-driven decision-maker, said she is awaiting more information from feasibility studies before fully committing to the medical-education concept fully.

“I would love to see higher education and medicine in Palm Coast, but I want to make sure we don’t have blinders on, make sure if we have other options we keep them open," she said, noting the city's I-95 corridor and access to rail could also be attractive to other industries.

Either way, it's crucial the city pursue a balance of commercial and residential development, she said.

She seeks to diversify the city's tax base and work with the economic development department to bring in light industrial, and commercial development. She also wants to make sure the infrastructure is in place "before we allow the influx of homes we are anticipating."

Friends in high places

It helps that the city has strong connections with the Florida lawmakers.

The potential $54 million funding comes during a year when Rep. Paul Renner, R-Palm Coast, is serving as House Speaker. The money must first pass expected votes in the House and Senate, and then survive the veto pen of Gov. Ron DeSantis, who, while serving as a congressman for the Volusia-Flagler region, maintained a residence in Palm Coast briefly.

Leek, an Ormond Beach Republican, is planning to run for the state Senate seat that includes Flagler County at the center of its district.

Other projects included in the $54 million include:

  • $550,000 for the redesign of Old Kings Road to include more than 4 miles of pedestrian/bicycle path to improve safety and "harden the west side of Palm Coast to hurricane flooding."
  • $18.4 million for the widening of a 1.4-mile stretch of Old Kings Road, going from 2 to 4 lanes between Kings Way to Farnum Lane. This will also include sidewalks and streetlights for safety, landscaping, and water quality improvements.
  • $2.5 million to help with relocating and rebuilding Palm Coast Fire Station 22.
  • $2.5 million to build a new Palm Coast fire station, to be No. 26.

Alfin hopes Palm Coast residents understand the reason for his optimism.

“We’re literally at the doorstep of an opportunity that doesn’t exist anywhere else in the state of Florida. This is a really special moment for us," he said. "Whatever we do, the legacy is we should be a model for the state that others can follow.”

Palm Coast's growth aspirations boosted by expected $54 million in state budget projects (2024)

FAQs

What is the growth rate of the Palm Coast? ›

Palm Coast is a city located in Flagler County and Volusia County Florida. Palm Coast has a 2024 population of 106,237. Palm Coast is currently growing at a rate of 4.04% annually and its population has increased by 18.38% since the most recent census, which recorded a population of 89,739 in 2020.

Is Palm Coast up and coming? ›

Palm Coast Snapshot

Fastest-growing city in the U.S. Projected growth rate, with a population of 102,168, by 2025.

What MSA is Palm Coast, FL in? ›

Palm Coast is part of the Deltona–Daytona Beach–Ormond Beach, FL metropolitan statistical area.

What is Florida's fastest growing city? ›

What City in Florida Is Growing the Fastest? In terms of percentage, Fort Myers is the fastest growing city in Florida. It is also one of the fastest-growing cities in the United States.

What celebrities live in Palm Coast, Florida? ›

Notable people[edit]
  • blackbear, singer and Grammy nominated songwriter.
  • Louis Miceli Jr. – vocalist of band Palisades.
  • Eddie Money, singer of Two Tickets to Paradise.
  • Caesar DePaço, Portuguese businessman and diplomat serving as Portuguese Consul to Florida.
  • Ray Black Jr., driver in the NASCAR Xfinity Series.

Is Palm Coast a good place to invest? ›

Palm Coast's future growth is a compelling reason for home buyers and investors to consider this dynamic city. With rising property values, increased demand for housing, enhanced community amenities, and a strategic location, Palm Coast offers numerous benefits.

Is Palm Coast Florida wealthy? ›

The per capita income in Palm Coast in 2022 was $37,904, which is middle income relative to Florida, and upper middle income relative to the rest of the US.

How many Portuguese people are in Palm Coast Florida? ›

The high population of Portuguese residents in Palm Coast was an integral part of moving the consulate from Orlando to Palm Coast. Branquinho said there are approximately 10,000 Portuguese residents in Palm Coast and 100,000 in Florida.

What is special about Palm Coast, Florida? ›

Palm Coast is renowned for its scenic parks and nature preserves. The city is home to a variety of green spaces, including parks, trails, and nature preserves, where residents and visitors can immerse themselves in the beauty of nature.

What is the median household income in Palm Coast Florida? ›

In 2022, Palm Coast, FL had a population of 91.1k people with a median age of 50.3 and a median household income of $68,824. Between 2021 and 2022 the population of Palm Coast, FL grew from 88,313 to 91,082, a 3.14% increase and its median household income grew from $61,847 to $68,824, a 11.3% increase.

What is the fastest growing city in Palm Beach County? ›

West Palm Beach gained about 4,740 new residents between 2020 and 2023, ranking it 22nd out of 100 Florida cities for population growth in that time period, according to the University of Florida.

Is Palm Coast a good place to raise a family? ›

Family-friendly neighborhoods:

The city has excellent suburban options, whether it be near the beach or close to the local schools. Palm Coast offers the perfect mix of urban and nature, with various walking and biking trails, parks, playgrounds, and access to outdoor recreational activities.

Is it expensive to live in Palm Coast? ›

The cost of living index for housing estimates the cost of housing in Palm Coast to be 78.2% of the national average. This makes it one of the least expensive cities in the US.

Is Palm Coast Florida a wealthy area? ›

The per capita income in Palm Coast in 2022 was $37,904, which is middle income relative to Florida, and upper middle income relative to the rest of the US. This equates to an annual income of $151,616 for a family of four. However, Palm Coast contains both very wealthy and poor people as well.

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