The Most Affordable Neighborhoods in Waldo, FL by Home Value

These days, finding an affordable place to live in the Waldo area can be challenging. Home prices in Waldo are now at a median cost of $155,001, lower than the Florida average of $396,783.

The average cost of rent is $718/mo in Waldo, primarily driven by the current value of real estate in the Waldo area. In Waldo, 26.45% of households rent, and 73.19% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Waldo is $4,668 per month. Households that rent pay about 15.37% of their income on rent here. Waldo’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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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