Are you looking for your dream home in Florida on a budget? Florida might seem expensive, but some places are very affordable. Even though the median home price is $373,3001, you can find homes for less in many areas. By exploring towns outside big cities, you might find a real gem at a great price.
Small towns and places by the lake can be very affordable. You can buy a home in these areas without giving up quality of life. Sites like HomeLight help connect you with real estate agents who know the best deals. They can guide you to your perfect home while saving money.
Key Takeaways
- Florida’s median home sales price is $373,3001, but many cities offer more affordable options.
- Exploring outside of major cities can reveal houses with significant appreciation potential.
- Homebuyers can find economical housing options while enjoying a good quality of life.
- Platforms like HomeLight can help connect buyers with top real estate agents for maximum savings.
- Affordable cities in Florida include charming small towns and lakeside communities.
Altamonte Springs: Affordable Living Near Orlando
Altamonte Springs is just north of Orlando. It mixes low cost with a handy location. It’s great for finding cheap houses in Florida near a big city but with suburban peace.
Overview of Altamonte Springs
With around 40,868 people, Altamonte Springs is a busy place. It’s not too easy to walk everywhere (walking score 35) but lots of people still love living here. It has top neighborhoods like Springs, Pelican Bay, and Uptown Altamonte2. There are about 31,991 jobs, showing it’s an important job spot too2.
Cost of Living and Real Estate Market
In Altamonte Springs, living costs are good, with an index of 97.4. This makes it prefect for those looking for cheap housing in Florida. The middle price for homes here is $218K. They go from $143,000 to $295,000 to buy23. Houses usually sell in 51 days and often get an offer2. You can find some really cheap homes here in Florida, starting at $143,0003.
Job Market and Employment Opportunities
In Altamonte Springs, there are lots of jobs in many fields. It’s close to Orlando, which means easy road to jobs in retail and hotels. Last month, there were 240 condos, 10 townhouses, and 1 multi-family unit for sale. This shows the housing market is lively2. You can also find budget-friendly homes in Florida here, in the 32701, 32810, 32751, 32714, and 32779 ZIP codes2.
It’s always smart to double-check all details when making a big choice4. Altamonte Springs is a great place near Orlando. It offers a nice yet not too costly way of living.
Callahan: Small Town Charm Near Jacksonville
Callahan is close to Jacksonville but feels far. It is affordable and full of charm. There’s a nice mix of new things and friendly neighbors. It’s perfect for anyone wanting to start a life in Florida.
Overview of Callahan
Callahan is pretty and peaceful. It’s close to Jacksonville but keeps its quiet vibe. The area of Nassau Village-Ratliff is especially welcoming. It offers various homes and a sense of community.
Real Estate Market Insights
Callahan’s housing market is lively with many budget-friendly options. Currently, 35 homes are for sale at a median price of $397K5. Homes here sell in about 36 days on average5.
Last month, 2 homes changed hands5. You can find all types of homes here. There are single-family houses, townhomes, and more5.
The typical home in Callahan is worth $307,5006. That’s less than the county and country averages. Currently, 87 homes are on the market, ranging from $59.9K to $1.4M7. These homes suit various needs, from new builds to larger houses.
Employment and Quality of Life
Callahan offers great jobs and a wonderful life. It’s close to Jacksonville, so work and fun are easily accessible. The area is growing, and it’s full of things to do, like shopping and eating out.
In Callahan, most people own their homes. It’s a good mix of quiet living and nearby city adventures. This balance makes it a top pick for affordable living.
DeBary: Lakeside Living at a Budget
DeBary, Florida, has great and affordable lakeside homes. It sits near Lake Monroe and the St. Johns River, offering beautiful views. This area is close to Orlando, giving residents a mix of quiet living and city fun.
Overview of DeBary
DeBary is known for its neighborly vibe and new comforts. The Rivington area has homes from 2,341 to 2,780 square feet. They come with cool things like ENERGY STAR® 3.1 standards, lofts, and alley-load garages8.
The place also has a pool, clubhouse, playground, and nature trails. Living is made even better with these extras. Being just over a mile from the SunRail, DeBary stays well-connected to other key areas8.
Median Home Prices and Trends
In DeBary, you can find homes around $270,500. This is good news for anyone dreaming of a lakeside home9. DeBary Plantation has 5-bedroom, 3-bathroom homes listed at $619,000. The city’s property tax is also low, helping your budget10.
The money from property taxes helps keep DeBary running smoothly. It shows the town’s economic strength10.
Job Market and Growth Projections
DeBary’s job market looks bright. The city has a median family income of $71,554. This shows how strong the local economy is9.
With many job opportunities nearby, you won’t have to drive far to work. And, DeBary’s job market is set to grow by 42.9% in the next ten years. This means good things for the town’s future and those who live there now9.
Ellenton: Affordable Proximity to Tampa
Ellenton is both affordable and close to Tampa, making it a great choice. It is less than an hour from Tampa. The median home price has dropped 6.6%. There’s a projected job growth of 45.1% in the next decade11. This tells us it’s a good time to look at homes for sale in Ellenton. The area is seeing fast growth, and houses are cost-effective. It’s a solid option for those wanting to buy near Tampa.
Overview of Ellenton
Ellenton is in Manatee County and is known for its affordable homes11. It’s near places like Anna Maria, Longboat Key, and Parrish11. One big plus is being close to Tampa. Schools here, like Blackburn Elementary, offer great education11. You get the best of both worlds here. Imagine living by the coast and enjoying the peace of the suburbs. This makes Ellenton a top choice for those looking for good deals on homes in Florida11.
Real Estate Values and Trends
Ellenton has 103 affordable homes for sale, with a median price of $360,00012. Houses usually sell in about 70 days12. In the last month, 10 homes and some condos sold, among others12. Places like West Ellenton and Tidevue Estates offer different living experiences. They help the area’s potential grow, especially near Tampa12.
Work Opportunities and Economic Growth
Ellenton is seeing a 45.1% job growth forecast over the next decade11. This means more work for people in the area. It also shows that Ellenton is a place that’s getting more popular. The work of REALTOR® associations makes sure housing market information is reliable13. This helps people looking to buy feel more secure about their decision. They can expect good things from both economy and lifestyle by living near Tampa13.
Frostproof: The Interior Affordable Gem in Florida
Frostproof is Florida’s affordable hub in the south. The town is known for its low living costs. It has a median home price of $291,500 and grows 27.3% yearly14. Homes in Frostproof cost about $230,479, showing it’s a good time to buy15.
In Frostproof, you can find homes for all budgets. Prices start at $12,000 for a lot. For those wanting more, there are homes over $1 million14. This variety means you can find a cheap house without giving up quality or space.
There are many home types in Frostproof, from 2 beds/1 bath to 5 beds/3.5 baths. This makes it easier to fit your budget14. With 53 homes for sale and 155 sold in a year, it’s a lively housing market15.
If you’d rather rent, Frostproof has options. Renting costs about $178 per square foot. This shows how affordable Frostproof is15. Frostproof also has a bright future, with a 43.7% growth in jobs and economy expected in the next ten years14.
Frostproof is great for those looking for cheap living in Florida. It offers great prices, variety, and chances for future growth. Consider Frostproof if you want an affordable place in Florida.
Finding the Cheapest Place to Buy a House in Florida
Looking for an affordable home in Florida? Check out places like Sebring, Homosassa Springs, and Ocala. In Sebring, you’ll find the median home price is $243,962. The monthly mortgage may be around $1,684. For budget homes, consider Homosassa Springs. Here, homes cost about $152,50016.
To get good deals, look at places like Gainesville. Here, you can find homes for about $183,000. The median income is $32,100 in this city16. It’s wise to explore these areas. This helps you see what’s available and find growing spots.
Different areas in Florida offer different prices. For instance, Lake City’s median home value is $246,921. Its average income is $65,505, and 18.36% live in poverty. By contrast, Deltona has a higher median income of $72,044. The unemployment rate is only 3.9%. Here, houses cost about $301,67217.
| City | Median Household Income | Median Home Value | Population | Unemployment Rate | Poverty Rate |
|---|---|---|---|---|---|
| Lake City | $65,505 | $246,921 | 12,509 | 5.1% | 18.36% |
| Deltona | $72,044 | $301,672 | 98,528 | 3.9% | 11.07% |
| Pensacola | $84,806 | $258,715 | 52,342 | 5.8% | 15.23% |
| Panama City | $70,585 | $273,386 | 36,775 | 6.7% | 17.83% |
| Lakeland | $74,477 | $292,405 | 121,380 | 6% | 15.08% |
| Gainesville | $61,568 | $290,584 | 141,341 | 4.8% | 28.54% |
| Jacksonville | $79,817 | $295,018 | 962,970 | 5.3% | 14.87% |
To find the right home, keep an open mind. Do your homework. This way, you’re more likely to find a home that meets your budget and lifestyle.
Immokalee: Budget-Friendly in Southern Florida
Immokalee is a great place for southern Florida affordable housing. It lets people enjoy Florida without spending too much. The town has about 24,099 folks and 8,305 jobs, showing it’s lively and varied18. Homes here usually cost around $353K. This makes it good for people watching their budget18.
Right now, there are 126 affordable homes in Immokalee for sale. They usually sell within 67 days18. This means there’s always new chances for buyers. In the last month, 7 homes were bought, proving how nice the area is18. Homes here come in various sizes, from 1,152 sq ft to 1,950 sq ft18. For cheap living in southern Florida, Immokalee real estate is a great option.
There’s plenty of job opportunities in Immokalee. Rent here costs about $1,500, making it budget-friendly for tenants18. It’s also cheaper than places nearby, such as Naples and Marco Island19. So, it’s a smart move for anyone looking to save money on housing in Florida.
Immokalee has schools for all ages, from elementary to high school19. This makes it great for families. The area also has known neighborhoods like Arrowhead Reserve and Northeast Naples, which are full of unique features18. Investors might find Immokalee a good place to put their money in real estate for a good return19.
Being near Fort Myers, Immokalee offers Florida living without the high costs. It’s a top location for affordable homes. Discover more about living in Immokalee within your budget at Immokalee real estate. There, you can find great options for affordable living.
Largo: Cost-Effective Coastal Living
Largo is a cool city in Florida by the coast. It mixes low prices with beachy vibes. A house here costs around $330,000 on average20. That makes living by the sea in Florida affordable for many. The real estate market in Largo offers homes at a median price of $334,900 over the past year21.
Renting a 1-bedroom spot in Largo is $1,546 a month. This is cheaper than places nearby like Clearwater and St. Petersburg20. The city’s folks also do pretty well, with an average family income of $56,26620. Making it easy to enjoy life there.
In the past year, homes in Largo sold for around $387,704 on average. This was up by 3%. With lots of homes to choose from, there are great chances to buy21.
This tables below shows how Largo stacks up in the housing game:
| City | Median Home Price | Average Rent (1-Bedroom) | Median Household Income |
|---|---|---|---|
| Largo | $330,000 | $1,546 | $56,266 |
| Clearwater | $393,000 | $1,834 | $59,358 |
| St. Petersburg | $400,000 | $1,907 | $70,333 |
Largo is a special place that mixes fun with savings. It’s a top choice for affordable coastal living in Florida. With its healthy market and happy residents, Largo shows how living by the sea can be a dream for many.
Conclusion
Looking for the cheapest house in Florida? Think outside the big cities and resorts. You’ll find great deals in places like Callahan and DeBary. These spots mix low prices with good living22.
Florida is very popular, getting over 1,200 new people daily. This shows many want to live here. Some areas have houses priced lower than the state average. This lets buyers get their perfect home without breaking the bank. It’s good to talk to real estate agents and use tools like HomeLight. They make finding the right home easier22.
The average cost to build a house in Florida is about $110 per square foot. Price can change depending on the city. Knowing this helps buyers. Whether you pick Ellenton near Tampa or Frostproof/Immokalee for a bargain, you’re ready. Florida offers good chances to buy smart homes. And you’ll enjoy the sunny lifestyle too23.
FAQ
What are the most affordable cities in Florida to buy a house?
Florida’s affordable cities include Altamonte Springs, Callahan, DeBary, Ellenton, and more. You can find good deals in these areas.
How does Altamonte Springs compare in terms of cost of living and real estate prices?
Altamonte Springs’ cost of living index is 97.4. The median home price is 8,500. It’s a budget-friendly area close to Orlando.
What makes Callahan an attractive place for homebuyers?
Callahan is near Jacksonville. It has affordable homes at 5,100. The area has a cozy town feel with good job growth.
How does DeBary provide affordable lakeside living?
DeBary offers beautiful lakeside homes for over 0,000. Job growth is expected to be 42.9% in the next ten years, making it an attractive option.
What is the appeal of Ellenton in terms of economic opportunities and real estate values?
Ellenton is affordable with a drop in home prices. It’s near water and has a job growth projection of 45.1%. Plus, it’s close to Tampa.
Why is Frostproof considered an affordable option in Florida?
Frostproof has seen a drop in home prices. It offers affordable housing. The area’s economy is also expected to grow by 43.7% over the next decade.
What should buyers look for when finding the cheapest place to buy a house in Florida?
When looking for affordable homes in Florida, buyers should consider different areas and trends. They should be open to various options and do their research well. Visiting potential locations can help find the best deals.
How does Immokalee offer budget-friendly living in southern Florida?
Immokalee has homes priced at 9,900. It has low unemployment and many job opportunities. This makes living in southern Florida more affordable.
What makes Largo a cost-effective coastal city in Florida?
Largo is a cost-effective coastal city with homes at 9,500. It has stable economic conditions, low unemployment, and lots of job opportunities.
Source Links
- https://www.homelight.com/blog/buyer-cheapest-places-to-buy-a-house-in-florida/ – 10 of the Cheapest Places to Buy a House in Florida
- https://www.redfin.com/city/227/FL/Altamonte-Springs/cheap-homes – Cheap Homes for Sale in Altamonte Springs, FL
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- https://www.upnest.com/1/post/cheapest-places-live-florida/ – The Cheapest Place to Live in Florida: A Guide
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