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Affordable
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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 $225,113, lower than the Florida average of $396,783.
The average cost of rent is $1,118/mo in Carrabelle, primarily driven by the current value of real estate in the Carrabelle area. In Carrabelle, 21.77% of households rent, and 70.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carrabelle is $5,072 per month. Households that rent pay about 22.03% of their income on rent here. Carrabelle’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carrabelle Beach, FL: less expensive homes
- Lanark Village, FL: higher priced homes
- Eastpoint, FL: higher priced homes
- Panacea, FL: higher priced homes
- Apalachicola, FL: higher priced homes
- Bay City, FL: less expensive homes
- White City, FL: equally priced homes
- Ward Ridge, FL: higher priced homes
- Port St. Joe, FL: higher priced homes
- Highland View, FL: higher priced homes
Cities with Similar Populations
- Sands Point, NY: higher priced homes
- Halstead, KS: less expensive homes
- Southern Shores, NC: higher priced homes
- Polo, IL: less expensive homes
- Norridgewock, ME: less expensive homes
- Napanoch, NY: equally priced homes
- Middlefield, CT: higher priced homes
- Marathon, NY: less expensive homes
- Malad City, ID: higher priced homes
- St. Ignatius, MT: higher priced homes
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