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Highest (And Lowest) Priced Florida Real Estate Markets

by Ryan Erisman | Updated: March 12, 2023

If you've been thinking about retiring to Florida, you might be curious as to which part of the state to start your search for a new home.

Florida is a big state with plenty of options, but each of those options comes at a different cost of living.

In order to focus your search efforts right from the start, you will want to know a little more about which areas of the Sunshine State have more expensive homes and which areas have less expensive homes.

According to data from Florida REALTORS®, the median single-family home price in Florida in 2022 was $402,500.

While there isn’t much information to be gained from a state-wide median home price, it still gives us a good point of reference to work with when we compare different Florida real estate markets.

There are 22 Metropolitan Statistical Areas (MSA's) in Florida, and here they are in order from highest to lowest median single-family home sales price in 2022, the last full year we have data for:

Metropolitan Statistical AreaMedian Sale Price
Naples-Immokalee-Marco Island MSA$782,000
Miami-Fort Lauderdale-West Palm Beach MSA$557,000
North Port-Sarasota-Bradenton MSA$505,572
Cape Coral-Fort Myers MSA$430,000
Crestview-Fort Walton Beach-Destin MSA$420,000
Orlando–Kissimmee-Sanford MSA$420,000
Port St. Lucie MSA$400,000
Tampa–St. Petersburg–Clearwater MSA$400,000
Punta Gorda MSA$388,900
Jacksonville MSA$386,500
The Villages MSA$379,995
Sebastian-Vero Beach MSA$375,000
Palm Bay-Melbourne-Titusville MSA$356,400
Panama City MSA$353,625
Deltona-Daytona Beach–Ormond Beach MSA$349,900
Gainesville MSA$340,000
Lakeland–Winter Haven MSA$335,000
Pensacola-Ferry Pass-Brent MSA$325,000
Tallahassee MSA$310,000
Ocala MSA$280,000
Homosassa Springs MSA$277,000
Sebring MSA$250,000
Source: Florida REALTORS®

Comparing Expensive & Inexpensive Real Estate in Florida

Hopefully, this article will give you a general idea of what to expect if you are looking at a particular area.

Of course, location within each market, age of the home, type of community and the amenities within all affect home prices to a great extent.

But everything in real estate is relative to location, so use this information to gauge what you might be able to afford based on where you are planning to move to in Florida.

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