I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Florida
💡 Key Florida housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $394,728[1] | #20 of 50 states | 7.2% higher |
Median Listing Price | $437,251[2] | #22 of 50 states | 1.4% lower |
Median Sale Price | $427,300[3] | #19 of 50 states | 1.1% higher |
30 Year Mortgage Rate | 7.02%[4] | #29 of 50 states | 0.6% higher |
Median Days on Market | 74[5] | #47 of 50 states | 37.4% longer |
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🗺️ Buying a house in the Florida real estate market
Florida has an affordability score of 7.4, meaning it takes 7.4 years of the median household income ($57,703) to afford Florida's median home sale price ($427,300). Because of this, we rank Florida as the 15th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $427,300[6] | #19 of 50 states | 1.1% higher |
30 Year Mortgage Rate | 7.02%[7] | #29 of 50 states | 0.6% higher |
Median Household Income | $57,703[8] | #37 of 50 states | 10.6% lower |
Affordability Ratio | 7.4 | #36 of 50 states | 14.9% higher |
Buyers Agent Commission | 2.42%[9] | #7 of 50 states | 4.7% lower |
Resources for Florida home buyers
Preparing to buy in Florida
🗺️ Selling a house in the Florida real estate market
According to our detailed survey of Florida real estate agents, listing agents (those representing the seller) charge an average commission in Florida of 2.63%, which is the 14th lowest in the United States. Buyers' agents charge an average commission of 2.42%, which is the 7th lowest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $437,251[10] | #22 of 50 states | 1.4% lower |
Median Sale Price | $427,300[11] | #19 of 50 states | 1.1% higher |
Median Days on Market | 74[12] | #47 of 50 states | 37.4% longer |
Buyer's Agent Commission | 2.42%[13] | #7 of 50 states | 4.7% lower |
Listing Agent Commission | 2.63%[14] | #14 of 50 states | 3.4% lower |
Resources for Florida home sellers
Preparing to sell in Florida
- Selling a House in Florida: Everything You Need to Know
- Average Time to Sell a House in Florida
- When Is the Best Time to Sell a Home in South Florida
- Top Real Estate Agents in Florida
Florida home selling costs and requirements
Moving to Florida
According to our recent moving trends survey[15], Florida is the 3rd most desirable state to move to, with 24% of Americans indicating that they would choose to move there if money were no object. Likewise, 16% of survey respondents indicated that they would move to Miami among a choice of America's largest cities. Among medium-sized cities, 15% indicated that they would move to Daytona Beach, and 14% indicated that they would move to Palm Bay.
Here's how Florida cities rank in a number of our research studies.
Study | Best Florida city | Rank |
Best Pizza Cities[16] | Miami | 17th best |
Best Coffee Cities[17] | Orlando | 19th best |
Best LGBTQ Cities[18] | Orlando | 40th best |
Best Bike Cities[19] | Orlando | 32nd best |
Best Commuter Cities[20] | Tampa | 19th best |