Chipley, Florida Real Estate & Housing Market

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Chipley Housing Information

Index	Chipley	Florida	National
Median home price	$73,100	$166,800	$184,700
Median rent asked	$709	$1,032	$949
Avg. people per household	2.7	2.6	2.6
Owner occupied households	50.6%	64.8%	63.6%
Renter occupied households	49.4%	35.2%	36.4%

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

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.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Jacob City, FL	342	$46,100	75%
Noma, FL	224	$47,000	75%
Alford, FL	636	$65,200	65%
Vernon, FL	760	$72,800	61%
Campbellton, FL	196	$76,000	59%
Chipley, FL	3,560	$73,100	60%

Cities with similar population

City, State	Population	Home Price	National Avg.
El Dorado Springs, MO	3,559	$56,700	69%
Trappe, PA	3,559	$244,000	32%
Moosup, CT	3,558	$168,000	9%
Pleasant Hills, MD	3,557	$370,700	101%
Omro, WI	3,556	$138,800	25%
Chipley, FL	3,560	$73,100	60%

Source: The Chipley, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).