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Affordable
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These days, finding an affordable place to live in the Federal Point area can be challenging. Home prices in Federal Point are now at a median cost of $637,700, higher than the Florida average of $396,783.
The average cost of rent is $1,752/mo in Federal Point, primarily driven by the current value of real estate in the Federal Point area. In Federal Point, 8.94% of households rent, and 70.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Federal Point is $13,306 per month. Households that rent pay about 13.17% of their income on rent here. Federal Point’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elkton, FL: less expensive homes
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Cities with Similar Populations
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- Clemville, TX: less expensive homes
- Cliff Island, ME: equally priced homes
- Cline, TX: less expensive homes
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