The most affordable areas in Florida for home buyers, and the least affordable

The most affordable areas in Florida for home buyers, and the least affordable

Richard Webster Education, Environment, Human Interest, Lifestyle, Public Service Announcement, Top News
The most affordable areas in Florida for home buyers, and the least affordable, Image credit: Realtor,com
(Top, Home for sale in Monroe County, /  Bottom, Home for sale in Glades County)

If you’re in the market to purchase a home, or if you’re just curious about where the most affordable home-buying locations are in the Sunshine State, new research data has revealed the most and least affordable areas in Florida to buy a house.  This most research study ranks every Florida county regarding its affordability. Thanks go to the vacation rental marketplace FloridaRentals.com  examined house prices on Zillow, a leading real estate marketplace, to create a ranking of the most and least expensive areas to purchase a property in Florida.

Spoiler alert:  Monroe tops the list as the least affordable area to buy a house, with a median house price of $954,012. The southernmost county in Florida is made up of the Florida Keys and parts of the Everglades National Park, making the county rich in stunning, natural landscapes.

Least affordable areas to purchase a home in Florida
Rank County Median house price ($) 
1 Monroe954,012
2 Collier657,623
3 St. Johns573,924
4 Walton562,830
5 Miami-Dade541,837
6 Palm Beach524,918
7 Sarasota508,658
8 Broward500,480
9 Martin495,401
10 Manatee476,592

Glades is the most affordable area to buy a house, with a median house price of $113,951. The area is known for its natural beauty, being situated next to Lake Okeechobee, which is the largest freshwater lake in Florida.

Most affordable areas to purchase a home in Florida
Rank County Median house price ($) 
1 Glades113,951
2 Taylor115,682
3 Dixie122,028
4 Holmes122,605
5 Hamilton125,490
6 Madison128,375
7 Gadsden141,408
8 Hardee145,828
9 Lafayette147,703
10 Liberty147,847

A spokesperson for FloridaRentals.com commented on the findings:   

“Buying a house in Florida offers a vast range of possibilities for homeownership with the state’s diverse landscapes and vibrant communities. Whether nestled along the serene coastline, amid the bustling cityscape, or within the lush inland areas, Florida presents a range of housing options to suit all preferences and lifestyles. Prospective buyers can choose from a vast array of properties, including charming beachfront cottages, modern urban condos, and spacious suburban homes.”

“With favorable tax benefits, a desirable climate, and an array of recreational activities, Florida continues to attract buyers seeking a place to call home in the Sunshine State. However, buyers should navigate the process carefully, considering factors such as location, property values, insurance costs, and potential environmental risks to ensure a sound investment and homeownership experience in the dynamic and ever-enticing Florida real estate market.”

Methodology: House prices for all houses listed on Zillow were scraped from the site and the median house price was calculated for each Florida county. The counties were then ranked from the county with the highest median house price to the county with the lowest median house price. Data is correct as of January 2024. 

   
  Median home purchase price for every Florida county
CountyMedian house price ($)
Monroe954,012
Collier657,623
St. Johns573,924
Walton562,830
Miami-Dade541,837
Palm Beach524,918
Sarasota508,658
Broward500,480
Martin495,401
Manatee476,592
Sumter466,188
Seminole455,786
Nassau449,647
Orange445,503
Lee440,056
Hillsborough436,723
Pinellas425,085
Flagler424,000
Charlotte407,747
Okaloosa400,650
St. Lucie397,522
Osceola396,311
Brevard393,339
Indian River392,954
Santa Rosa386,391
Clay378,815
Lake359,626
Volusia355,212
Duval351,879
Pasco342,163
Alachua338,834
Bay335,333
Leon333,568
Hernando322,960
Polk308,558
Citrus297,714
Escambia293,139
Franklin286,319
Marion276,687
Gulf275,068
Columbia250,692
Baker245,560
Wakulla244,250
Highlands237,277
Jefferson205,417
Gilchrist190,482
Levy187,802
Bradford183,764
Okeechobee181,311
Washington180,157
Union175,974
Suwannee170,349
Hendry168,618
Putnam164,724
DeSoto162,416
Jackson151,165
Calhoun148,713
Liberty147,847
Lafayette147,703
Hardee145,828
Gadsden141,408
Madison128,375
Hamilton125,490
Holmes122,605
Dixie122,028
Taylor115,682
Glades113,951

   –

(Sources: FloridaRentals.com / Zillow.com)

Posted by Richard Webster, Ace News Today
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