Expensive
Affordable
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These days, finding an affordable place to live in the Cedar Key area can be challenging. Home prices in Cedar Key are now at a median cost of $319,859, lower than the Florida average of $396,783.
The average cost of rent is $860/mo in Cedar Key, primarily driven by the current value of real estate in the Cedar Key area. In Cedar Key, 18.96% of households rent, and 73.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Key is $5,378 per month. Households that rent pay about 15.99% of their income on rent here. Cedar Key’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gulf Hammock, FL: less expensive homes
- Yankeetown, FL: less expensive homes
- Crackertown, FL: less expensive homes
- Inglis, FL: less expensive homes
- Morriston, FL: equally priced homes
- Romeo, FL: higher priced homes
- Chatmar, FL: less expensive homes
- Dunnellon, FL: less expensive homes
- Fellowship, FL: higher priced homes
- Ocala, FL: less expensive homes
Cities with Similar Populations
- Sebago, ME: equally priced homes
- Fort Davis, TX: less expensive homes
- Greenwood, MI: less expensive homes
- Gregory, SD: less expensive homes
- Hamlet, IN: less expensive homes
- Johnson City, KS: less expensive homes
- Karns City, PA: less expensive homes
- Lake Waccamaw, NC: less expensive homes
- Lannon, WI: higher priced homes
- Maceo, KY: less expensive homes
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