Florida City, Florida Real Estate & Housing Market

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Florida City Housing Information

Index	Florida City	Florida	National
Median home price	$104,300	$166,800	$184,700
Median rent asked	$959	$1,032	$949
Avg. people per household	4.1	2.6	2.6
Owner occupied households	28.4%	64.8%	63.6%
Renter occupied households	71.6%	35.2%	36.4%

A general summary of the real estate market in Florida City, FL is listed above. Properties in Florida City, FL average a cost of $104,300, which is 37% lower than the median home price for real estate located in Florida. This means that the region of Florida City, FL is, on average, more affordable when compared to the remainder of Florida. Since tenants living in Florida City, FL will pay an average of $959, the median rental cost is 7% lower than in Florida. 28.4% of people in Florida City, FL own their own homes, and an average of 4.1 people inhabit each property. Florida City, FL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Florida City Home Affordability

When starting your search for real estate in Florida City, FL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Florida City, FL costs $104,300 while each household has an average income of $26,828. Consequently, the ratio of home price to household income is 3.9x; this ratio is 14% higher than the average in Florida. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Florida City, FL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Florida City, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Homestead Base, FL	1,256	$0	100%
Leisure City, FL	26,861	$109,000	41%
Naranja, FL	10,068	$128,600	30%
Homestead, FL	65,688	$141,300	23%
West Perrine, FL	10,435	$150,700	18%
Florida City, FL	12,076	$104,300	44%

Cities with similar population

City, State	Population	Home Price	National Avg.
Davidson, NC	12,076	$393,300	113%
Brown Deer, WI	12,075	$145,700	21%
Coolidge, AZ	12,073	$82,600	55%
Salem, OH	12,071	$93,500	49%
Poquoson, VA	12,068	$301,800	63%
Florida City, FL	12,076	$104,300	44%

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