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These days, finding an affordable place to live in the Florida area can be challenging. Home prices in Florida are now at a median cost of $278,762, lower than the the United States average of $313,691.
The average cost of rent is $1,453/mo in Florida, primarily driven by the current value of real estate in the Florida area. While nearly 42.89% of residents own their homes outright in Florida, 32.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Florida is $6,020 per month. Households that rent pay about 24.14% of their income on rent here. Florida's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the state.
Nearby States
- Georgia: less expensive homes
- South Carolina: less expensive homes
- Alabama: less expensive homes
- North Carolina: less expensive homes
- Mississippi: less expensive homes
- Tennessee: less expensive homes
- Louisiana: less expensive homes
- Kentucky: less expensive homes
- Virginia: higher priced homes
- West Virginia: less expensive homes
States with Similar Populations
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