The Most Affordable Neighborhoods in Ocean Ridge, FL by Home Value

 

Ocean Ridge, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ocean Ridge area can be challenging. Home prices in Ocean Ridge are now at a median cost of $977,635, higher than the Florida average of $396,783.

The average cost of rent is $2,339/mo in Ocean Ridge, primarily driven by the current value of real estate in the Ocean Ridge area. In Ocean Ridge, 12.94% of households rent, and 67.01% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ocean Ridge is $12,616 per month. Households that rent pay about 18.54% of their income on rent here. Ocean Ridge’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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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