The Most Affordable Neighborhoods in Cinco Bayou, FL by Home Value

 

Cinco Bayou, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cinco Bayou area can be challenging. Home prices in Cinco Bayou are now at a median cost of $450,635, higher than the Florida average of $396,783.

The average cost of rent is $1,668/mo in Cinco Bayou, primarily driven by the current value of real estate in the Cinco Bayou area. In Cinco Bayou, 18.59% of households rent, and 46.54% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cinco Bayou is $7,253 per month. Households that rent pay about 22.99% of their income on rent here. Cinco Bayou’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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