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Affordable
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These days, finding an affordable place to live in the Babson Park area can be challenging. Home prices in Babson Park are now at a median cost of $189,840, lower than the Florida average of $396,783.
The average cost of rent is $1,080/mo in Babson Park, primarily driven by the current value of real estate in the Babson Park area. In Babson Park, 13.78% of households rent, and 62.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Babson Park is $5,053 per month. Households that rent pay about 21.38% of their income on rent here. Babson Park’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Highland Park, FL: equally priced homes
- Hillcrest Heights, FL: less expensive homes
- Nalcrest, FL: equally priced homes
- Lake Wales, FL: equally priced homes
- Frostproof, FL: less expensive homes
- Maxcy Quarters, FL: higher priced homes
- Waverly, FL: equally priced homes
- Fedhaven, FL: less expensive homes
- Alturas, FL: equally priced homes
- Indian Lake Estates, FL: higher priced homes
Cities with Similar Populations
- Freer, TX: equally priced homes
- Trenton, NC: less expensive homes
- Waterville, MN: higher priced homes
- Sebree, KY: less expensive homes
- Riverside, AL: equally priced homes
- Manawa, WI: equally priced homes
- Lame Deer, MT: less expensive homes
- Belle Center, OH: equally priced homes
- Trappe, MD: higher priced homes
- Thompson Falls, MT: higher priced homes
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