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 2023 was $410,000.
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 2023, the last full year we have data for:
| Metropolitan Statistical Area | Median Sale Price |
|---|---|
| Naples-Immokalee-Marco Island MSA | $790,000 |
| Miami-Fort Lauderdale-West Palm Beach MSA | $592,995 |
| North Port-Sarasota-Bradenton MSA | $510,000 |
| Orlando–Kissimmee-Sanford MSA | $434,000 |
| Cape Coral – Fort Myers MSA | $420,000 |
| Crestview-Fort Walton Beach-Destin MSA | $410,000 |
| Port St. Lucie MSA | $409,900 |
| Tampa–St. Petersburg–Clearwater MSA | $405,000 |
| Jacksonville MSA | $389,360 |
| Sebastian-Vero Beach MSA | $387,500 |
| Punta Gorda MSA | $375,000 |
| The Villages MSA | $370,000 |
| Panama City MSA | $365,000 |
| Palm Bay-Melbourne-Titusville MSA | $359,000 |
| Deltona-Daytona Beach–Ormond Beach MSA | $355,000 |
| Gainesville MSA | $354,000 |
| Lakeland–Winter Haven MSA | $334,425 |
| Pensacola-Ferry Pass-Brent MSA | $324,000 |
| Tallahassee MSA | $323,330 |
| Ocala MSA | $285,000 |
| Homosassa Springs MSA | $279,999 |
| Sebring MSA | $265,000 |
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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