Ah, Florida — land of hurricanes, alligators and sinkholes, but also land of heart-stopping natural beauty, glorious beaches and … no state income tax. The state has been one of the hottest real estate markets during the pandemic.
Of course, like other states, Florida’s real estate market was initially negatively impacted by COVID-19. But things have picked up since. Florida Realtors reports that the median home value of an existing single-family Florida home was $355,000 in July, up 20% from the year before. Here are the most expensive housing markets in Florida,
Florida is a great place to live because of its absence of state taxes, easy weather (though some might find it too hot in the summer!), water sports opportunities and — let’s not forget — DisneyWorld.
As for bargains, current home buyers — at least for the moment — can find them. To identify the 50 most affordable housing markets in Florida, 24/7 Wall St. reviewed data from the U.S. Census Bureau’s 2019 American Community Survey five-year estimates, ranking only the 467 census-designated places, cities, and towns with at least 5,000 residents in Florida. (All data came from the ACS. We calculated population change using ACS data.)
While a studio apartment in Miami may cost around $200,000+, there are Florida markets where full-size homes are sold for half the price. These markets are often smaller communities. The housing markets on this list range in median price from just over $105,000 to as low as nearly $30,000. While these are the most affordable housing markets in Florida, here are the cheapest cities to buy a home in every state.
Click here to see the most affordable housing markets in Florida
Source: BOB WESTON / iStock via Getty Images
50. Arcadia, Florida
> Median home value: $105,900
> Homes worth less than $100,000: 46.7% — 53rd highest in Florida
> Median household income: $29,964 — 455th highest in Florida
> 5-year pop. change: +4.8% — 257th highest in Florida
> Population: 8,072 — 368th highest in Florida
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Source: ablokhin / iStock via Getty Images
49. Holly Hill, Florida
> Median home value: $105,600
> Homes worth less than $100,000: 47.1% — 49th highest in Florida
> Median household income: $35,113 — 434th highest in Florida
> 5-year pop. change: +3.6% — 304th highest in Florida
> Population: 12,147 — 284th highest in Florida
24/7 Wall St.
Source: LUNAMARINA / iStock via Getty Images
48. Tice, Florida
> Median home value: $103,200
> Homes worth less than $100,000: 48.1% — 48th highest in Florida
> Median household income: $37,302 — 410th highest in Florida
> 5-year pop. change: +18.6% — 44th highest in Florida
> Population: 5,092 — 463rd highest in Florida
Source: Ingus Kruklitis / iStock via Getty Images
47. Orlovista, Florida
> Median home value: $102,800
> Homes worth less than $100,000: 48.9% — 46th highest in Florida
> Median household income: $36,596 — 419th highest in Florida
> 5-year pop. change: +7.3% — 170th highest in Florida
> Population: 6,416 — 420th highest in Florida
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Source: BOB WESTON / Getty Images
46. New Port Richey East, Florida
> Median home value: $102,500
> Homes worth less than $100,000: 48.3% — 47th highest in Florida
> Median household income: $39,581 — 392nd highest in Florida
> 5-year pop. change: +19.7% — 40th highest in Florida
> Population: 10,398 — 319th highest in Florida
Source: Gerardo Mora / Getty Images
45. Cocoa West, Florida
> Median home value: $99,800
> Homes worth less than $100,000: 50.3% — 43rd highest in Florida
> Median household income: $36,156 — 423rd highest in Florida
> 5-year pop. change: +34.3% — 13th highest in Florida
> Population: 6,595 — 412th highest in Florida
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Source: danlogan / Getty Images
44. South Highpoint, Florida
> Median home value: $99,700
> Homes worth less than $100,000: 50.2% — 45th highest in Florida
> Median household income: $40,309 — 389th highest in Florida
> 5-year pop. change: +17.5% — 49th highest in Florida
> Population: 5,435 — 447th highest in Florida
24/7 Wall St.
Source: Ebyabe, CC BY-SA 3.0 , via Wikimedia Commons
43. Inverness, Florida
> Median home value: $99,200
> Homes worth less than $100,000: 51.2% — 40th highest in Florida
> Median household income: $28,673 — 457th highest in Florida
> 5-year pop. change: +1.4% — 364th highest in Florida
> Population: 7,281 — 385th highest in Florida
Source: Courtesy of Google Maps 2019
42. Lealman, Florida
> Median home value: $99,100
> Homes worth less than $100,000: 50.2% — 44th highest in Florida
> Median household income: $35,818 — 426th highest in Florida
> 5-year pop. change: +6.0% — 214th highest in Florida
> Population: 22,034 — 183rd highest in Florida
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Source: DeborahMaxemow / E+ via Getty Images
41. Zephyrhills, Florida
> Median home value: $98,800
> Homes worth less than $100,000: 50.7% — 41st highest in Florida
> Median household income: $36,260 — 421st highest in Florida
> 5-year pop. change: +9.1% — 133rd highest in Florida
> Population: 15,573 — 232nd highest in Florida
Source: fotoguy22 / iStock via Getty Images
40. Starke, Florida
> Median home value: $97,900
> Homes worth less than $100,000: 51.6% — 39th highest in Florida
> Median household income: $32,177 — 448th highest in Florida
> 5-year pop. change: -0.1% — 396th highest in Florida
> Population: 5,393 — 450th highest in Florida
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Source: krblokhin / iStock Editorial via Getty Images
39. North Fort Myers, Florida
> Median home value: $97,900
> Homes worth less than $100,000: 50.6% — 42nd highest in Florida
> Median household income: $46,964 — 329th highest in Florida
> 5-year pop. change: +5.4% — 236th highest in Florida
> Population: 42,770 — 88th highest in Florida
24/7 Wall St.
38. Pahokee, Florida
> Median home value: $97,000
> Homes worth less than $100,000: 53.1% — 35th highest in Florida
> Median household income: $27,095 — 461st highest in Florida
> 5-year pop. change: +4.4% — 269th highest in Florida
> Population: 6,269 — 426th highest in Florida
Source: Warren-Pender / Getty Images
37. Sebring, Florida
> Median home value: $96,600
> Homes worth less than $100,000: 52.5% — 37th highest in Florida
> Median household income: $25,737 — 463rd highest in Florida
> 5-year pop. change: +0.1% — 392nd highest in Florida
> Population: 10,377 — 320th highest in Florida
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Source: Courtesy of Google Maps 2014
36. Bayshore Gardens, Florida
> Median home value: $96,400
> Homes worth less than $100,000: 52.2% — 38th highest in Florida
> Median household income: $43,290 — 362nd highest in Florida
> 5-year pop. change: +4.3% — 278th highest in Florida
> Population: 20,287 — 198th highest in Florida
Source: Ebyabe / Wikimedia Commons
35. LaBelle, Florida
> Median home value: $95,300
> Homes worth less than $100,000: 53.1% — 36th highest in Florida
> Median household income: $35,393 — 428th highest in Florida
> 5-year pop. change: +9.9% — 120th highest in Florida
> Population: 5,106 — 462nd highest in Florida
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Source: Wknight94 talk / Wikimedia Commons
34. Jasmine Estates, Florida
> Median home value: $94,100
> Homes worth less than $100,000: 54.2% — 31st highest in Florida
> Median household income: $37,268 — 411th highest in Florida
> 5-year pop. change: +11.5% — 98th highest in Florida
> Population: 21,865 — 186th highest in Florida
Source: Ebyabe / Wikimedia Commons
33. Micco, Florida
> Median home value: $93,300
> Homes worth less than $100,000: 55.7% — 29th highest in Florida
> Median household income: $37,517 — 409th highest in Florida
> 5-year pop. change: +9.1% — 134th highest in Florida
> Population: 9,047 — 347th highest in Florida
Source: olin_gilbert / Flickr
32. Warrington, Florida
> Median home value: $93,200
> Homes worth less than $100,000: 53.9% — 32nd highest in Florida
> Median household income: $38,574 — 402nd highest in Florida
> 5-year pop. change: +9.9% — 116th highest in Florida
> Population: 14,351 — 250th highest in Florida
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Source: dno1967b / Flickr
31. Bayonet Point, Florida
> Median home value: $92,500
> Homes worth less than $100,000: 56.9% — 26th highest in Florida
> Median household income: $39,916 — 391st highest in Florida
> 5-year pop. change: +7.7% — 159th highest in Florida
> Population: 27,418 — 140th highest in Florida
30. Perry, Florida
> Median home value: $90,800
> Homes worth less than $100,000: 57.0% — 25th highest in Florida
> Median household income: $34,806 — 438th highest in Florida
> 5-year pop. change: -2.3% — 428th highest in Florida
> Population: 6,896 — 402nd highest in Florida
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Source: Sean Craft / iStock via Getty Images
29. Hernando, Florida
> Median home value: $89,200
> Homes worth less than $100,000: 53.7% — 33rd highest in Florida
> Median household income: $34,356 — 439th highest in Florida
> 5-year pop. change: -4.5% — 444th highest in Florida
> Population: 9,261 — 345th highest in Florida
Source: Javier_Art_Photography / Getty Images
28. West Samoset, Florida
> Median home value: $88,800
> Homes worth less than $100,000: 53.6% — 34th highest in Florida
> Median household income: $32,301 — 445th highest in Florida
> 5-year pop. change: -1.3% — 417th highest in Florida
> Population: 6,921 — 401st highest in Florida
Source: Ken Badgley / iStock Editorial via Getty Images
27. Marianna, Florida
> Median home value: $88,200
> Homes worth less than $100,000: 60.4% — 23rd highest in Florida
> Median household income: $22,909 — 466th highest in Florida
> 5-year pop. change: -21.9% — 467th highest in Florida
> Population: 6,923 — 400th highest in Florida
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Source: benedek / iStock via Getty Images
26. New Port Richey, Florida
> Median home value: $87,500
> Homes worth less than $100,000: 55.6% — 30th highest in Florida
> Median household income: $35,384 — 429th highest in Florida
> 5-year pop. change: +6.3% — 200th highest in Florida
> Population: 16,223 — 223rd highest in Florida
25. Fort Pierce North, Florida
> Median home value: $87,300
> Homes worth less than $100,000: 57.5% — 24th highest in Florida
> Median household income: $28,712 — 456th highest in Florida
> 5-year pop. change: -1.9% — 423rd highest in Florida
> Population: 6,926 — 399th highest in Florida
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Source: Holly Guerrio / iStock via Getty Images
24. Pembroke Park, Florida
> Median home value: $84,400
> Homes worth less than $100,000: 62.4% — 17th highest in Florida
> Median household income: $38,119 — 404th highest in Florida
> 5-year pop. change: +6.9% — 182nd highest in Florida
> Population: 6,677 — 410th highest in Florida
23. South Bradenton, Florida
> Median home value: $83,900
> Homes worth less than $100,000: 56.8% — 27th highest in Florida
> Median household income: $36,933 — 414th highest in Florida
> 5-year pop. change: +5.9% — 216th highest in Florida
> Population: 25,227 — 151st highest in Florida
Source: Courtesy of Google Maps 2013
22. Silver Springs Shores, Florida
> Median home value: $83,700
> Homes worth less than $100,000: 62.4% — 18th highest in Florida
> Median household income: $35,282 — 431st highest in Florida
> 5-year pop. change: +15.6% — 69th highest in Florida
> Population: 9,031 — 348th highest in Florida
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21. Homosassa Springs, Florida
> Median home value: $83,300
> Homes worth less than $100,000: 62.4% — 19th highest in Florida
> Median household income: $40,870 — 381st highest in Florida
> 5-year pop. change: +3.6% — 305th highest in Florida
> Population: 13,478 — 267th highest in Florida
Source: Stephen B Calvert Clariosophic / Wikimedia Commons
20. Indiantown, Florida
> Median home value: $83,200
> Homes worth less than $100,000: 64.0% — 14th highest in Florida
> Median household income: $39,208 — 396th highest in Florida
> 5-year pop. change: +16.3% — 62nd highest in Florida
> Population: 7,053 — 392nd highest in Florida
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Source: Georgia Guercio / Wikimedia Commons
19. South Bay, Florida
> Median home value: $83,100
> Homes worth less than $100,000: 66.0% — 11th highest in Florida
> Median household income: $32,250 — 446th highest in Florida
> 5-year pop. change: +3.7% — 299th highest in Florida
> Population: 5,158 — 458th highest in Florida
Source: By Ebyabe - Own work, CC BY-SA 2.5, https://commons.wikimedia.org/w/index.php?curid=9511751/ Wikimedia Commons
18. Crystal Lake, Florida
> Median home value: $82,800
> Homes worth less than $100,000: 62.0% — 20th highest in Florida
> Median household income: $32,785 — 444th highest in Florida
> 5-year pop. change: -0.3% — 400th highest in Florida
> Population: 6,431 — 419th highest in Florida
Source: Norm Lane / iStock via Getty Images
17. Brent, Florida
> Median home value: $82,100
> Homes worth less than $100,000: 60.6% — 22nd highest in Florida
> Median household income: $39,549 — 394th highest in Florida
> 5-year pop. change: +1.7% — 350th highest in Florida
> Population: 22,337 — 178th highest in Florida
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Source: Ebyabe, CC BY-SA 3.0 , via Wikimedia Commons
16. Beacon Square, Florida
> Median home value: $81,900
> Homes worth less than $100,000: 67.2% — 9th highest in Florida
> Median household income: $37,958 — 407th highest in Florida
> 5-year pop. change: +6.3% — 202nd highest in Florida
> Population: 6,976 — 396th highest in Florida
Source: DanTD, CC BY-SA 3.0 , via Wikimedia Commons
15. Elfers, Florida
> Median home value: $81,200
> Homes worth less than $100,000: 65.9% — 12th highest in Florida
> Median household income: $41,176 — 378th highest in Florida
> 5-year pop. change: -9.9% — 462nd highest in Florida
> Population: 12,600 — 278th highest in Florida
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Source: Ebyabe, CC BY-SA 2.5 , via Wikimedia Commons
14. Combee Settlement, Florida
> Median home value: $81,100
> Homes worth less than $100,000: 62.4% — 16th highest in Florida
> Median household income: $36,832 — 416th highest in Florida
> 5-year pop. change: +7.4% — 168th highest in Florida
> Population: 6,357 — 423rd highest in Florida
24/7 Wall St.
Source: Courtesy of Google Maps 2011
13. Beverly Hills, Florida
> Median home value: $81,000
> Homes worth less than $100,000: 68.5% — 7th highest in Florida
> Median household income: $31,621 — 449th highest in Florida
> 5-year pop. change: +8.9% — 138th highest in Florida
> Population: 9,360 — 341st highest in Florida
12. Zephyrhills West, Florida
> Median home value: $79,900
> Homes worth less than $100,000: 63.3% — 15th highest in Florida
> Median household income: $34,836 — 437th highest in Florida
> 5-year pop. change: +1.5% — 357th highest in Florida
> Population: 5,287 — 453rd highest in Florida
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Source: Ebyabe, CC BY-SA 2.5 , via Wikimedia Commons
11. Inwood, Florida
> Median home value: $79,800
> Homes worth less than $100,000: 71.8% — 5th highest in Florida
> Median household income: $30,268 — 454th highest in Florida
> 5-year pop. change: +12.4% — 91st highest in Florida
> Population: 7,575 — 379th highest in Florida
Source: Indietop20 at English Wikipedia, Public domain, via Wikimedia Commons
10. Fort Meade, Florida
> Median home value: $77,900
> Homes worth less than $100,000: 56.5% — 28th highest in Florida
> Median household income: $44,325 — 348th highest in Florida
> 5-year pop. change: +4.8% — 254th highest in Florida
> Population: 6,104 — 430th highest in Florida
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Source: Ebyabe / Wikimedia Commons
9. Quincy, Florida
> Median home value: $77,100
> Homes worth less than $100,000: 61.4% — 21st highest in Florida
> Median household income: $36,250 — 422nd highest in Florida
> 5-year pop. change: -7.7% — 458th highest in Florida
> Population: 7,334 — 381st highest in Florida
Source: By Ebyabe - Own work, CC BY-SA 2.5, https://commons.wikimedia.org/w/index.php?curid=9511751/ Wikimedia Commons
8. Holiday, Florida
> Median home value: $76,300
> Homes worth less than $100,000: 69.9% — 6th highest in Florida
> Median household income: $36,032 — 424th highest in Florida
> 5-year pop. change: +0.9% — 376th highest in Florida
> Population: 20,816 — 195th highest in Florida
Source: Patrick Baehl de Lescure / iStock via Getty Images
7. Palatka, Florida
> Median home value: $75,200
> Homes worth less than $100,000: 65.3% — 13th highest in Florida
> Median household income: $26,881 — 462nd highest in Florida
> 5-year pop. change: -0.5% — 403rd highest in Florida
> Population: 10,363 — 322nd highest in Florida
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Source: Courtesy of The City of Arcadia, Florida via Facebook
6. Southeast Arcadia, Florida
> Median home value: $72,400
> Homes worth less than $100,000: 75.6% — 2nd highest in Florida
> Median household income: $28,404 — 459th highest in Florida
> 5-year pop. change: +1.8% — 349th highest in Florida
> Population: 8,272 — 361st highest in Florida
Source: Warren-Pender / Getty Images
5. Avon Park, Florida
> Median home value: $70,300
> Homes worth less than $100,000: 73.2% — 4th highest in Florida
> Median household income: $30,750 — 452nd highest in Florida
> 5-year pop. change: +4.9% — 249th highest in Florida
> Population: 10,461 — 317th highest in Florida
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Source: Ebyabe / Wikimedia Commons
4. West Pensacola, Florida
> Median home value: $65,900
> Homes worth less than $100,000: 75.2% — 3rd highest in Florida
> Median household income: $35,068 — 435th highest in Florida
> 5-year pop. change: +2.5% — 330th highest in Florida
> Population: 21,056 — 190th highest in Florida
Source: Ken Badgley / Getty Images
3. Brooksville, Florida
> Median home value: $61,600
> Homes worth less than $100,000: 66.7% — 10th highest in Florida
> Median household income: $32,203 — 447th highest in Florida
> 5-year pop. change: +5.7% — 229th highest in Florida
> Population: 8,191 — 363rd highest in Florida
Source: Rick Shu, CC BY-SA 3.0 , via Wikimedia Commons
2. West Vero Corridor, Florida
> Median home value: $55,200
> Homes worth less than $100,000: 68.2% — 8th highest in Florida
> Median household income: $41,340 — 377th highest in Florida
> 5-year pop. change: +19.4% — 42nd highest in Florida
> Population: 8,292 — 360th highest in Florida
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Source: BOB WESTON / Getty Images
1. Zephyrhills South, Florida
> Median home value: $30,300
> Homes worth less than $100,000: 84.1% — highest in Florida
> Median household income: $33,923 — 441st highest in Florida
> 5-year pop. change: +5.2% — 238th highest in Florida
> Population: 5,637 — 442nd highest in Florida
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