Special Report

The Cheapest and Most Expensive Housing Markets in Florida

Art Wager / E+ via Getty Images

Home prices have surged in the U.S. in recent years. Driven by rising demand and supply constraints during the pandemic, the median home sale price spiked by nearly 50% from the second quarter of 2020 to Q3 in 2022. While the sale price of a typical American home has fallen in recent months since, housing prices remain at historic highs.

Not only have home values soared, but borrowing costs for home buyers have also climbed. The average interest rate on a 30-year fixed mortgage has been above 6% since September 2022, a high not seen in nearly a decade and a half. In a market defined by high prices and high mortgage rates, homeownership has become prohibitively expensive for a large number of Americans.

Still, housing prices are also subject to a number of factors that can be isolated from broader, nationwide market trends — and location is one of them. Two homes that are virtually identical can vary in price by hundreds of thousands of dollars, depending on where they are. And for prospective homeowners on a budget, some Florida cities are far more affordable than others.

According to five-year estimates from the U.S. Census Bureau’s 2022 American Community Survey, the typical home in Florida is worth $292,200. But across the 45 cities, towns, and unincorporated communities in the state with populations of at least 75,000, median home values range from about $185,000 to nearly $600,000.

In any local market, home prices are often a reflection of what residents can afford. In Florida, many of the least expensive cities for homebuyers are not high-income areas. Of the 45 Florida cities with available data from the ACS, 20 have a median home value that is less than the statewide median. In all but six of these places, the typical household earns less than the statewide median household income of $67,917.

These are the cheapest and most expensive housing markets in Florida.

45. Largo

Source: Norm Lane / iStock via Getty Images
  • Median home value: $184,500
  • Homes worth over $1 million: 1.6%
  • Homeownership rate: 60.4%
  • Median household income: $56,266
  • Total population: 82,541

44. Lakeland

Source: nikonphotog / iStock via Getty Images
  • Median home value: $207,800
  • Homes worth over $1 million: 0.7%
  • Homeownership rate: 54.8%
  • Median household income: $58,290
  • Total population: 114,404

43. Pine Hills

  • Median home value: $216,400
  • Homes worth over $1 million: 0.9%
  • Homeownership rate: 54.1%
  • Median household income: $49,474
  • Total population: 83,221

42. Gainesville

Source: Sean Pavone / iStock via Getty Images
  • Median home value: $216,600
  • Homes worth over $1 million: 0.9%
  • Homeownership rate: 38.5%
  • Median household income: $43,783
  • Total population: 142,414

41. Spring Hill

  • Median home value: $221,500
  • Homes worth over $1 million: 0.3%
  • Homeownership rate: 77.9%
  • Median household income: $61,588
  • Total population: 116,882

40. Palm Bay

Source: Public Domain / Wikimedia Commons
  • Median home value: $226,200
  • Homes worth over $1 million: 0.4%
  • Homeownership rate: 79.9%
  • Median household income: $62,538
  • Total population: 121,513

39. Deltona

Source: Kruck20 / Getty Images
  • Median home value: $226,800
  • Homes worth over $1 million: 0.4%
  • Homeownership rate: 80.3%
  • Median household income: $69,074
  • Total population: 94,373

38. Lehigh Acres

Source: formulanone / Flickr
  • Median home value: $231,500
  • Homes worth over $1 million: 0.2%
  • Homeownership rate: 67.0%
  • Median household income: $59,733
  • Total population: 124,440

37. Jacksonville

Source: Art Wager / E+ via Getty Images
  • Median home value: $243,000
  • Homes worth over $1 million: 2.0%
  • Homeownership rate: 57.0%
  • Median household income: $64,138
  • Total population: 950,203

36. Deerfield Beach

Source: felixmizioznikov / iStock via Getty Images
  • Median home value: $243,900
  • Homes worth over $1 million: 3.4%
  • Homeownership rate: 61.1%
  • Median household income: $53,741
  • Total population: 86,455

35. Melbourne

Source: Thomas_Kelley / iStock via Getty Images
  • Median home value: $247,300
  • Homes worth over $1 million: 1.8%
  • Homeownership rate: 58.8%
  • Median household income: $60,917
  • Total population: 84,982

34. Kissimmee

Source: VisionsbyAtlee / iStock via Getty Images
  • Median home value: $253,000
  • Homes worth over $1 million: 0.3%
  • Homeownership rate: 47.0%
  • Median household income: $45,319
  • Total population: 78,478

33. Tallahassee

Source: SeanPavonePhoto / iStock via Getty Images
  • Median home value: $256,400
  • Homes worth over $1 million: 1.9%
  • Homeownership rate: 39.8%
  • Median household income: $52,899
  • Total population: 198,259

32. Town ‘n’ Country

Source: Public Domain / Wikimedia Commons
  • Median home value: $261,300
  • Homes worth over $1 million: 1.3%
  • Homeownership rate: 57.5%
  • Median household income: $63,947
  • Total population: 89,456

31. Brandon

Source: Public Domain / Wikimedia Commons
  • Median home value: $266,400
  • Homes worth over $1 million: 0.7%
  • Homeownership rate: 55.1%
  • Median household income: $71,156
  • Total population: 114,923

30. Palm Coast

Source: Donna Derrick / iStock via Getty Images
  • Median home value: $283,300
  • Homes worth over $1 million: 0.9%
  • Homeownership rate: 77.9%
  • Median household income: $68,824
  • Total population: 91,082

29. North Port

Source: Serenethos / iStock Editorial via Getty Images
  • Median home value: $283,400
  • Homes worth over $1 million: 1.2%
  • Homeownership rate: 79.5%
  • Median household income: $78,815
  • Total population: 76,975

28. Boynton Beach

Source: felixmizioznikov / iStock via Getty Images
  • Median home value: $285,500
  • Homes worth over $1 million: 0.9%
  • Homeownership rate: 62.9%
  • Median household income: $68,875
  • Total population: 80,068

27. Clearwater

Source: Michael Warren / iStock via Getty Images
  • Median home value: $287,900
  • Homes worth over $1 million: 3.6%
  • Homeownership rate: 58.8%
  • Median household income: $59,358
  • Total population: 116,984

26. St. Petersburg

Source: Michael Warren / iStock via Getty Images
  • Median home value: $289,000
  • Homes worth over $1 million: 5.2%
  • Homeownership rate: 62.6%
  • Median household income: $70,333
  • Total population: 259,343

25. Riverview

Source: sonia-cervantes / Getty Images
  • Median home value: $292,700
  • Homes worth over $1 million: 0.5%
  • Homeownership rate: 72.6%
  • Median household income: $87,383
  • Total population: 102,467

24. Port St. Lucie

Source: felixmizioznikov / iStock via Getty Images
  • Median home value: $292,900
  • Homes worth over $1 million: 0.9%
  • Homeownership rate: 82.8%
  • Median household income: $75,040
  • Total population: 210,520

23. Pompano Beach

Source: Art Wager / E+ via Getty Images
  • Median home value: $293,300
  • Homes worth over $1 million: 4.5%
  • Homeownership rate: 53.1%
  • Median household income: $61,155
  • Total population: 111,790

22. Sunrise

Source: felixmizioznikov / iStock via Getty Images
  • Median home value: $296,100
  • Homes worth over $1 million: 0.2%
  • Homeownership rate: 69.6%
  • Median household income: $66,001
  • Total population: 96,510

21. Miami Gardens

Source: Mozes Ban / iStock via Getty Images
  • Median home value: $299,700
  • Homes worth over $1 million: 1.0%
  • Homeownership rate: 64.7%
  • Median household income: $56,071
  • Total population: 111,618

20. Cape Coral

Source: TriggerPhoto / iStock via Getty Images
  • Median home value: $302,400
  • Homes worth over $1 million: 2.2%
  • Homeownership rate: 77.4%
  • Median household income: $72,474
  • Total population: 198,912

19. Homestead

Source: felixmizioznikov / iStock via Getty Images
  • Median home value: $316,200
  • Homes worth over $1 million: 0.3%
  • Homeownership rate: 44.9%
  • Median household income: $57,739
  • Total population: 79,996

18. Fort Myers

Source: Alexander Westermann / iStock via Getty Images
  • Median home value: $318,900
  • Homes worth over $1 million: 2.2%
  • Homeownership rate: 48.6%
  • Median household income: $57,403
  • Total population: 88,699

17. Hialeah

Source: Juanmonino / iStock via Getty Images
  • Median home value: $324,300
  • Homes worth over $1 million: 0.7%
  • Homeownership rate: 47.4%
  • Median household income: $49,531
  • Total population: 222,996

16. West Palm Beach

Source: Michael Warren / iStock Unreleased via Getty Images
  • Median home value: $324,800
  • Homes worth over $1 million: 6.2%
  • Homeownership rate: 49.8%
  • Median household income: $64,044
  • Total population: 117,588

15. Orlando

Florida | Orlando, Florida, USA Downtown Drone Skyline Aerial
Source: Kruck20 / iStock via Getty Images
  • Median home value: $332,700
  • Homes worth over $1 million: 4.1%
  • Homeownership rate: 39.2%
  • Median household income: $66,292
  • Total population: 307,738

14. Tampa

Source: SeanPavonePhoto / iStock via Getty Images
  • Median home value: $333,200
  • Homes worth over $1 million: 8.8%
  • Homeownership rate: 50.5%
  • Median household income: $66,802
  • Total population: 388,768

13. Hollywood

Source: felixmizioznikov / iStock via Getty Images
  • Median home value: $345,300
  • Homes worth over $1 million: 5.2%
  • Homeownership rate: 56.6%
  • Median household income: $61,958
  • Total population: 152,764

12. The Villages

Source: Michael Warren / iStock via Getty Images
  • Median home value: $346,900
  • Homes worth over $1 million: 1.2%
  • Homeownership rate: 94.4%
  • Median household income: $73,415
  • Total population: 79,108

11. Alafaya

Source: DemocraticLuntz / Wikimedia Commons
  • Median home value: $361,800
  • Homes worth over $1 million: 0.7%
  • Homeownership rate: 63.4%
  • Median household income: $93,251
  • Total population: 91,531

10. Miramar

Source: ablokhin / iStock Editorial via Getty Images
  • Median home value: $378,200
  • Homes worth over $1 million: 1.4%
  • Homeownership rate: 69.4%
  • Median household income: $81,812
  • Total population: 135,158

9. Pembroke Pines

Source: felixmizioznikov / iStock via Getty Images
  • Median home value: $379,900
  • Homes worth over $1 million: 0.4%
  • Homeownership rate: 71.0%
  • Median household income: $77,657
  • Total population: 170,472

8. Davie

Source: Holly Guerrio / iStock via Getty Images
  • Median home value: $405,100
  • Homes worth over $1 million: 8.2%
  • Homeownership rate: 65.4%
  • Median household income: $84,346
  • Total population: 105,821

7. Plantation

Source: JillianCain / iStock via Getty Images
  • Median home value: $412,000
  • Homes worth over $1 million: 3.4%
  • Homeownership rate: 63.9%
  • Median household income: $83,074
  • Total population: 93,130

6. Fort Lauderdale

Source: epitomized / Flickr
  • Median home value: $417,600
  • Homes worth over $1 million: 14.1%
  • Homeownership rate: 54.2%
  • Median household income: $75,376
  • Total population: 182,673

5. Miami

Source: Davel5957 / iStock via Getty Images
  • Median home value: $433,900
  • Homes worth over $1 million: 11.2%
  • Homeownership rate: 30.1%
  • Median household income: $54,858
  • Total population: 443,665

4. Coral Springs

Source: traiansum / iStock via Getty Images
  • Median home value: $453,100
  • Homes worth over $1 million: 2.3%
  • Homeownership rate: 60.0%
  • Median household income: $87,488
  • Total population: 133,801

3. Kendall

Source: CHUYN / Getty Images
  • Median home value: $474,000
  • Homes worth over $1 million: 7.9%
  • Homeownership rate: 61.4%
  • Median household income: $84,026
  • Total population: 78,402

2. Miami Beach

Source: pom-angers / Flickr
  • Median home value: $532,300
  • Homes worth over $1 million: 29.8%
  • Homeownership rate: 37.0%
  • Median household income: $65,116
  • Total population: 82,400

1. Boca Raton

Source: Paola Giannoni / iStock via Getty Images
  • Median home value: $597,100
  • Homes worth over $1 million: 22.6%
  • Homeownership rate: 65.7%
  • Median household income: $95,570
  • Total population: 97,980
Rank Places in Florida with at least 75,000 residents Median home value ($) Homeownership rate (%) Median household income ($) Total Population
1 Boca Raton 597,100 65.7 95,570 97,980
2 Miami Beach 532,300 37.0 65,116 82,400
3 Kendall 474,000 61.4 84,026 78,402
4 Coral Springs 453,100 60.0 87,488 133,801
5 Miami 433,900 30.1 54,858 443,665
6 Fort Lauderdale 417,600 54.2 75,376 182,673
7 Plantation 412,000 63.9 83,074 93,130
8 Davie 405,100 65.4 84,346 105,821
9 Pembroke Pines 379,900 71.0 77,657 170,472
10 Miramar 378,200 69.4 81,812 135,158
11 Alafaya 361,800 63.4 93,251 91,531
12 The Villages 346,900 94.4 73,415 79,108
13 Hollywood 345,300 56.6 61,958 152,764
14 Tampa 333,200 50.5 66,802 388,768
15 Orlando 332,700 39.2 66,292 307,738
16 West Palm Beach 324,800 49.8 64,044 117,588
17 Hialeah 324,300 47.4 49,531 222,996
18 Fort Myers 318,900 48.6 57,403 88,699
19 Homestead 316,200 44.9 57,739 79,996
20 Cape Coral 302,400 77.4 72,474 198,912
21 Miami Gardens 299,700 64.7 56,071 111,618
22 Sunrise 296,100 69.6 66,001 96,510
23 Pompano Beach 293,300 53.1 61,155 111,790
24 Port St. Lucie 292,900 82.8 75,040 210,520
25 Riverview 292,700 72.6 87,383 102,467
26 St. Petersburg 289,000 62.6 70,333 259,343
27 Clearwater 287,900 58.8 59,358 116,984
28 Boynton Beach 285,500 62.9 68,875 80,068
29 North Port 283,400 79.5 78,815 76,975
30 Palm Coast 283,300 77.9 68,824 91,082
31 Brandon 266,400 55.1 71,156 114,923
32 Town ‘n’ Country 261,300 57.5 63,947 89,456
33 Tallahassee 256,400 39.8 52,899 198,259
34 Kissimmee 253,000 47.0 45,319 78,478
35 Melbourne 247,300 58.8 60,917 84,982
36 Deerfield Beach 243,900 61.1 53,741 86,455
37 Jacksonville 243,000 57.0 64,138 950,203
38 Lehigh Acres 231,500 67.0 59,733 124,440
39 Deltona 226,800 80.3 69,074 94,373
40 Palm Bay 226,200 79.9 62,538 121,513
41 Spring Hill 221,500 77.9 61,588 116,882
42 Gainesville 216,600 38.5 43,783 142,414
43 Pine Hills 216,400 54.1 49,474 83,221
44 Lakeland 207,800 54.8 58,290 114,404
45 Largo 184,500 60.4 56,266 82,541

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