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Chipley, FL Real Estate

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Chipley Real Estate Market Facts

  • $73,100Median home price
    56% lower than Florida
  • $709Median rent asked
    31% lower than Florida
  • 50.6%Home owners
    22% lower than Florida
  • 2.7People per home
    4% higher than Florida
Above, you will see a summary of real estate in Chipley, FL. On average, homes in Chipley, FL cost $73,100, a value that is 56% lower than the average in Florida. In general terms, this results in Chipley, FL real estate being more affordable than Florida real estate. On average, people who rent houses in Chipley, FL pay $709; this value is 31% lower than the average amount renters pay in Florida. 50.6% of Chipley, FL residents own their own homes and, on average, each of the homes has 2.7 occupants. Chipley, FL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Chipley, FL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Chipley Home Affordability

  • $73,100Median home price
    56% lower than Florida
  • $32,790Median home income
    33% lower than Florida
  • 2.2xHome price to income ratio
    35% lower than Florida
It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Chipley, FL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Chipley, FL’s median home price stands at $73,100 while $32,790 is the value of the average household income. The resulting home price to income ratio, which is 2.2x, differs from the Florida average as the ratio is 35% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Chipley, FL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Chipley, FL.

Chipley Affordability Calculator

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Are you looking for real estate in Chipley, FL? Be careful not to purchase a home outside of your budget. A home affordability calculator lets you input your income, down payment, and debts to figure out how much you can afford to spend on your new home. If you know further information, such as mortgage term and rate or insurance, taxes, and HOA dues, you can input that as well to get a better estimate of the total cost. The calculator will show you the maximum amount you can afford to spend on a home. With that number in mind, you can start looking for a home in Chipley, FL and avoid homes that don’t fit in your budget to guard yourself from an emotional, yet costly, decision. Thanks to the home affordability calculator, you can also create a stronger budget plan. Once you know your housing costs, you can figure out how much money you should spend and how much money you can save.

Chipley Mortgage Calculator

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What will I pay monthly if I buy real estate in Chipley, FL? Determining the monthly payment amount of a home is based on a number of different factors. Obviously, the most significant variable is the overall price of the house, but there are also other considerations to make such as homeowners insurance, the interest rate, amount of the down payment, property taxes, private mortgage insurance (PMI), and even home owner's association dues. A great way to eliminate the PMI is by paying 20% of the cost of the house as a down payment. The mortgage calculator is filled out with default values for these variables, but they can be reset to give you a more accurate payment amount. The best rule when it comes to house payments is that you want to keep your debt to income ratio at no more than 36%. This means paying no more than 36% of your monthly income on your housse and all other debt payments.

Chipley Demographics

  • 3,560Population
  • 851People / sq mile
  • 35.9Median age
  • 0.9:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Jacob City, FL342$46,10075%
Noma, FL224$47,00075%
Alford, FL636$65,20065%
Vernon, FL760$72,80061%
Campbellton, FL196$76,00059%
Chipley, FL3,560$73,10060%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
El Dorado Springs, MO3,559$56,70069%
Trappe, PA3,559$244,00032%
Moosup, CT3,558$168,0009%
Pleasant Hills, MD3,557$370,700101%
Omro, WI3,556$138,80025%
Chipley, FL3,560$73,10060%
Source: The Chipley, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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