Thursday, February 18, 2021

Top 10 Most Affordable Places to Live in Florida Cheapest Cities

This area is great for single-family homes in a range of prices. Homosassa Springs residents have an average commute time of 27.2 minutes. Homosassa Springs is an unincorporated area located about 90 minutes north of Tampa on the west coast of Florida. The Gainesville Regional Airport and the Tampa International Airport are about the same distance away from this community. Palm Coast residents have an average commute time of 26.6 minutes. Palm Bay residents have an average commute time of 26.5 minutes.

There are over 30 hospitals and medical care facilities in the St. Petersburg area. These include St. Petersburg General Hospital, St. Anthony’s Hospital and Bayfront Heath St. Petersburg. The University of South Florida has three different campuses, including one in St. Petersburg, with the main campus located in Tampa.

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Plus, almost everything is comfortable and luxurious––you may even feel like a celebrity if you live in Miami. At $39,800 per year, the median household income in Miami is lower than most places in South Florida. But, of course, this may be because of all the tourists who spend time in Miami. If you’re not a tourist, though, then this shouldn’t matter too much to you. Plus, there are so many ways to save money while living in Miami–you have to look for them.

see where you can afford a home in south florida

The population of adults above 25 years of age with a college degree at was on par with the national average of approximately 32%. So for a 15-year fixed-rate loan in Florida with a credit score over 740, you can expect to pay 2.589% in interest. For a 30-year fixed-rate loan with the same credit profile, you can expect to pay just under 3.4% in interest.

Orlando

The poverty level in Bartow, at 18.5%, was above the national average of 10.5% in 2019. The population in Bartow grew by 17.3% from April 2010 through July 2019 (U.S. Census), which is above the overall U.S. rate of 6.3%. Bartow is located less than an hour east of the Tampa Bay area.

see where you can afford a home in south florida

Because this town is so small, there are not many schools located within the bounds of Homosassa Springs. The town is a part of the Citrus County School District and students are split between a few different public school districts. Palm Coast has 1.65 violent crimes per 1,000 residents, significantly below Florida’s statewide median rate of 3.78 and the U.S. national median rate of 4.00. It also has 9.53 property crimes per 1,000 residents, significantly below Florida’s statewide median of 21.46 and the U.S. national median of 21.00.

Struggling To Find An Affordable Home To Rent In South Florida? Share Your Story

A lot of factors go into that assessment, and the main one is debt-to-income ratio. This assistance program provides qualified borrowers with 3% of the home’s purchase price to be used as a down payment or to pay closing costs. The HFA Preferred program is a grant, which means it doesn’t have to be repaid. The Florida Housing Finance Corporation, or Florida Housing, offers several loan programs to help qualified first-time home buyers get a mortgage. Drag the slider to see how your payments change over time and gain insights. The portions of the monthly payment that reduce the amount you owe and the cost of borrowing .

see where you can afford a home in south florida

You can still find affordable homes, but you need to remember that most places here will be more expensive than other parts of South Florida. In Sarasota, the median listing home price is $450,000; the median sold home price is $420,000. Generally speaking, you can expect to pay about $271 per square foot in Sarasota. The market in Sarasota is also considered a strong seller’s market.

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This neighborhood is located on a canal and is adjacent to plenty of nature areas. St. Petersburg has 6.01 violent crimes per 1,000 residents, above Florida’s statewide median rate of 3.78 and the U.S. national median rate of 4.00. It also has 32.49 property crimes per 1,000 residents, above Florida’s statewide median of 21.46 and the U.S. national median of 21.00. Jacksonville has 6.49 violent crimes per 1,000 residents, above Florida’s statewide median rate of 3.78 and the U.S. national median rate of 4.00. It also has 33.35 property crimes per 1,000 residents, above Florida’s statewide median of 21.46 and the U.S. national median of 21.00.

The numbers below show the median income, cost of living and the annual spending on housing for owned and rented properties in Cape Coral. The numbers below show the median income, cost of living and the annual spending on housing for owned and rented properties in St. Petersburg. The numbers below show the median income, cost of living and the annual spending on housing for owned and rented properties in Jacksonville. Florida City is the southernmost city in South Florida’s metropolitan area and is just below Homestead. The city offers the lowest rent on this list and housing prices that are also quite affordable, making it one of the cheapest places to live in South Florida.

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Homosassa Springs shows an income to rent ratio of 4.41, based on a median household income of $40,870 and an annual spend of $9,276. Palm Coast shows an income to rent ratio of 3.49, based on a median household income of $54,360 and an annual spend of $15,576. Palm Bay shows an income to rent ratio of 4.05, based on a median household income of $51,408 and an annual spend of $12,708.

see where you can afford a home in south florida

With just a short drive to Interstate 4, there is easy access to many areas. Most residents fly out of the Tampa International Airport. There are plenty of restaurants with a variety of cuisine options all around the town. Dade City is also known as Tree City and is a lovely town inland of the Tampa Bay Area. With access to many major highways, it’s a good hub for exploring Florida.

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That means the average person would need to earn around $76,000 to consider comfortably purchasing a home in the U.S. There are 57 public schools and 78 private schools in the Kissimmee area, based on data from GreatSchools.org. There are plenty of parks and nature trails available to explore, including the Florida Trail Kissimmee Trailhead. There are 16 public schools and 24 private schools in the Bartow area, based on data from GreatSchools.org. There are 30 public schools and 38 private schools in the Dade City area, based on data from GreatSchools.org. The University of South Florida, located in Tampa, is the closest public four-year university.

see where you can afford a home in south florida

As of May 2021, the unemployment rate in Palm Coast was 5%, which was below the U.S. national rate of 5.8% but just above the Florida rate of 4.9%. The poverty rate, at 12.3%, was above the national average of 10.5%. This neighborhood, located near Route 100, has been growing rapidly. This neighborhood is in a highly desirable area with a variety of homes.

Jacksonville

As of May 2021, the unemployment rate in St. Petersburg was 4.6%, which was below both the U.S. national rate of 5.8% and the Florida rate of 4.9%. The poverty rate, at 13.4%, was above the national average of 10.5%. In St. Petersburg, 60.4% of residents own their homes. The population in St. Petersburg grew by 7.6% from April 2010 through July 2019 (U.S. Census), which is above the overall U.S. rate of 6.3%. St. Petersburg has a population of 265,351 and an area just over 131 square miles.

The good news is there are plenty of lovely homes to choose from so you can find something perfect for your family or yourself. Florida's housing market surged in popularity during the pandemic, with Tampa seeing some of the sharpest rises in home prices in the entire country. The Miami and Orlando housing markets also experienced significant jumps — though rising mortgage rates are already slowing that momentum. Over the 2015–2019 period, the high school graduation rate in Kissimmee was below the U.S. national average of 88%. The population of adults above 25 years of age with a college degree was significantly below the national average of approximately 32%. Over the 2015–2019 period, the high school graduation rate in Bartow was slightly below the U.S. national average of 88%.

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