The Most Affordable Neighborhoods in Carrabelle, FL by Home Value

 

Carrabelle, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Carrabelle area can be challenging. Home prices in Carrabelle are now at a median cost of $114,361, lower than the Florida average of $278,762.

The average cost of rent is $837/mo in Carrabelle, primarily driven by the current value of real estate in the Carrabelle area. While nearly 67.91% of residents own their homes outright in Carrabelle, 28.10% rent.

Housing affordability isn’t just about home prices, though. The average household income in Carrabelle is $3,559 per month. Households that rent pay about 23.52% of their income on rent here. Carrabelle's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.


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