Florida - Florida has some of the hottest housing markets in the country, with eight metro areas ranking in the top 15, however, affordability is still possible in certain cities.
NewHomeSource.com, a homebuilder resource site, identified the 10 most affordable cities in Florida based on three metrics:
- Titusville, FL
- Home Price to Income Ratio - 3.08%
- Average Property Tax - $1,236
- Median Household Income - $46,609
- Winter Haven, FL
- Home Price to Income Ratio - 3.30%
- Average Property Tax - $1,325
- Median Household Income - $46,669
- Lauderdale Lakes, FL
- Home Price to Income Ratio - 3.37%
- Average Property Tax - $1,849
- Median Household Income - $35,532
- Daytona Beach, FL
- Home Price to Income Ratio - 4.26%
- Average Property Tax - $1,438
- Median Household Income - $35,893
- Sanford, FL
- Home Price to Income Ratio - 3.32%
- Average Property Tax - $1,378
- Median Household Income - $47,217
- Largo, FL
- Home Price to Income Ratio - 2.81%
- Average Property Tax - $1,122
- Median Household Income - $44,323
- Lakeland, FL
- Home Price to Income Ratio - 3.15%
- Average Property Tax - $1,286
- Median Household Income - $47,511
- Deltona, FL
- Home Price to Income Ratio - 2.95%
- Average Property Tax - $1,457
- Median Household Income - $52,616
- Jacksonville, FL
- Home Price to Income Ratio - 3.17%
- Average Property Tax - $1,628
- Median Household Income - $54,701
- Pinellas Park, FL
- Home Price to Income Ratio - 3.12%
- Average Property Tax - $1,392
- Median Household Income - $49,652
These cities offer more affordable housing options for residents in Florida.