The 5 Most Affordable Places to Live In Florida

Jamie Ayers


Jamie Ayers

October 22nd, 2021
Updated October 22nd, 2021


Finding the most affordable places to live in Florida is challenging even if you're a native. State-wide, Florida has a median home value of $367,200. When you add in maintenance costs and property taxes, it can be difficult for many to buy and own a home. Because of that, we scoured the data to find the most affordable cities in Florida, looking at median home prices, cost of living, and other factors to find your best options.

Looking for the most affordable places in Florida is a start, but you'll save even more money by working with a great agent. The top Florida real estate agents know the local market and where to find pockets of more affordable homes. They can also help negotiate a better price when you do find your dream home.

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Ready to learn more about the most affordable places in Florida? These are our top picks.

1. Palm Bay

Palm Bay is home to the “Space Coast” that includes large islands and coastal communities. This area got its nickname because the John F. Kennedy Space Center and Cape Canaveral are in the Northern area of the islands.

The median home sale price according to Zillow is $177,200, contrarily the median listing price is $195,000. Palm Bay’s median sale price makes it the most affordable place in our list.

Homes in this area appreciated at a 5.9% rate in 2018. In 2019, real estate experts forecast a rise in home value of 2.6%.

This housing market is leaning toward buyers, making it favorable for buyers to secure a great deal. The affordability, home value appreciation rates, and proximity to the coast make it ideal for home buyers looking for a coastal lifestyle while staying within your budget.

2. Gainesville

While Gainesville is home to the University of Florida, being a college town isn’t its only major feature. The city continues to expand its museums and theaters to offer more amenities for its residents.

Gainesville’s median sale price is $194,600, by contrast the median listing price is $235,000. Home values in this market appreciated at a 6.1% rate in 2018. Home experts expect an appreciation in home values of 3.7% in 2019.

The Gainesville housing market leans toward sellers as of 2019. The city prioritizes its historical landmarks through their preservation efforts of Ginnie Springs. Current market conditions might complicate finding a great deal on a house, but the promising home value appreciation rates and amenities make it a great option for any home buyer.

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3. Vero Beach

Vero Beach is one of the most affordable beachside areas in Florida. This place offers a variety of culture and beaches. This city is near all the action in West Palm Beach.

The median home sale price of Vero Beach homes is $205,000 while the median listing price is $291,900. In 2018, Vero Beach homes appreciated at a 5.3% rate.

Real estate experts forecast a rise in home value of 1.0% in 2019. Since this housing market isn’t leaning toward the buyer or seller, you may still be able to secure a great deal on a home.

Vero Beach is home to the Vero Beach Museum of Art, McKee Botanical Garden, Pelican Island National Wildlife Refuge, among other amenities. Housing market conditions, beach life, and location near West Palm make it ideal for home buyers looking for affordable coastal living.

4. Kissimmee

If you’re looking to live near one of the best amusement parks in the United States, Kissimmee may be your best option. This area is near Walt Disney World, SeaWorld, Universal Studios, among other family-friendly entertainment venues.

Kissimmee’s median home sale price is $225,300, while the median listing price is $255,990. Homes in this market appreciated by 10.6% in 2018.

In 2019, experts expect a rise in home value of 5.3%. This housing market is favorable for buyers making it easy to score a great deal on a home.

This city has easy access to all major highways, easing your commute to work. While Kissimmee isn’t the most affordable place in our list, its amenities and appreciation make it the best family-friendly option.

» FIND: Top Real Estate Agents in Florida

5. Cape Coral

Cape Coral is the largest city between Miami and Tampa. This area is a hub for fishing and boating in the Sunshine State.

The median sale price for Cape Coral homes is $234,600 while the median listing price is $262,200. In 2018, homes in this housing market appreciated by 2.3%.

Home experts forecast a depreciation in home values of 0.4% within 2019. Currently, it’s a cool buyer’s market — making a coastal lifestyle more affordable in this area.

Amenities like the Cape Coral Yacht, Useppa Island, Four Mile Cove Ecological Preserve, among others make it ideal for home buyers looking for an active lifestyle. The potential home value depreciation might make you think twice about buying a home in this area, its amenities, location, and city size make it a great place to live your own beach life.

How to find affordable homes in Florida

Whether you want to live in a bustling Florida metro area or a tranquil small town, there's plenty to love in Florida. Working with a local real estate agent is the best way to find the most affordable places to live in Florida.

Ready to start house hunting? Clever is a free service that can match you with the best realtors in Florida. And, when you buy with a Clever partner agent, you could get 0.5% of your purchase price back as a check after closing. On a $300,000 home, that's an extra $1,500 back in your pocket. That's real money!

👋 Next steps: Talk to an expert

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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