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Counties with the lowest home prices in Florida

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June 8, 2021
Ebyabe // Wikimedia Commons

Counties with the lowest home prices in Florida

The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.

But all things are not equal when it comes to real estate in the United States.

Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Florida. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.

The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency’s House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.

Keep reading to discover which county in Florida has the lowest home prices.

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#30. Marion County

- Monthly mortgage payment in 2020: $644 (5.0% less than 2019)
- Monthly mortgage payment in 2019: $678
- Median home value in 2020: $173,800
- Ranked #2,105 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#29. Columbia County

- Monthly mortgage payment in 2020: $633 (15.7% greater than 2019)
- Monthly mortgage payment in 2019: $547
- Median home value in 2020: $171,000
- Ranked #2,072 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#28. Gulf County

- Monthly mortgage payment in 2020: $629 (5.1% less than 2019)
- Monthly mortgage payment in 2019: $663
- Median home value in 2020: $169,900
- Ranked #2,061 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#27. Citrus County

- Monthly mortgage payment in 2020: $612 (0.8% greater than 2019)
- Monthly mortgage payment in 2019: $607
- Median home value in 2020: $165,400
- Ranked #1,996 out of 3,120 counties nationwide
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Fl295 // Wikimedia Commons

#26. Highlands County

- Monthly mortgage payment in 2020: $567 (21.4% greater than 2019)
- Monthly mortgage payment in 2019: $467
- Median home value in 2020: $153,200
- Ranked #1,818 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#25. Wakulla County

- Monthly mortgage payment in 2020: $562 (15.1% less than 2019)
- Monthly mortgage payment in 2019: $662
- Median home value in 2020: $151,700
- Ranked #1,792 out of 3,120 counties nationwide
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Organizedchaos02 // Wikimedia Commons

#24. Baker County

- Monthly mortgage payment in 2020: $543 (0.6% greater than 2019)
- Monthly mortgage payment in 2019: $540
- Median home value in 2020: $146,800
- Ranked #1,719 out of 3,120 counties nationwide
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User:Tim Ross // Wikimedia Commons

#23. Jefferson County

- Monthly mortgage payment in 2020: $521 (3.3% less than 2019)
- Monthly mortgage payment in 2019: $539
- Median home value in 2020: $140,700
- Ranked #1,615 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#22. Union County

- Monthly mortgage payment in 2020: $464 (0.9% greater than 2019)
- Monthly mortgage payment in 2019: $460
- Median home value in 2020: $125,200
- Ranked #1,335 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#21. Washington County

- Monthly mortgage payment in 2020: $443 (8.5% less than 2019)
- Monthly mortgage payment in 2019: $484
- Median home value in 2020: $119,700
- Ranked #1,185 out of 3,120 counties nationwide
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Michael Rivera // Wikimedia Commons

#20. Bradford County

- Monthly mortgage payment in 2020: $434 (1.2% greater than 2019)
- Monthly mortgage payment in 2019: $429
- Median home value in 2020: $117,200
- Ranked #1,131 out of 3,120 counties nationwide
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Bastique // Wikimedia Commons

#19. Okeechobee County

- Monthly mortgage payment in 2020: $415 (4.8% greater than 2019)
- Monthly mortgage payment in 2019: $396
- Median home value in 2020: $112,100
- Ranked #1,020 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#18. Levy County

- Monthly mortgage payment in 2020: $414 (5.5% less than 2019)
- Monthly mortgage payment in 2019: $438
- Median home value in 2020: $111,800
- Ranked #1,011 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#17. Gilchrist County

- Monthly mortgage payment in 2020: $412 (5.1% less than 2019)
- Monthly mortgage payment in 2019: $434
- Median home value in 2020: $111,400
- Ranked #1,003 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#16. Lafayette County

- Monthly mortgage payment in 2020: $410 (12.2% less than 2019)
- Monthly mortgage payment in 2019: $467
- Median home value in 2020: $110,700
- Ranked #983 out of 3,120 counties nationwide
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#15. Suwannee County

- Monthly mortgage payment in 2020: $397 (5.5% less than 2019)
- Monthly mortgage payment in 2019: $420
- Median home value in 2020: $107,100
- Ranked #883 out of 3,120 counties nationwide
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Excel23 // Wikimedia Commons

#14. Putnam County

- Monthly mortgage payment in 2020: $393 (1.8% less than 2019)
- Monthly mortgage payment in 2019: $400
- Median home value in 2020: $106,200
- Ranked #854 out of 3,120 counties nationwide
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Michael Rivera // Wikimedia Commons

#13. Jackson County

- Monthly mortgage payment in 2020: $388 (11.0% less than 2019)
- Monthly mortgage payment in 2019: $436
- Median home value in 2020: $104,700
- Ranked #817 out of 3,120 counties nationwide
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Michael Rivera // Wikimedia Commons

#12. Gadsden County

- Monthly mortgage payment in 2020: $378 (16.6% less than 2019)
- Monthly mortgage payment in 2019: $453
- Median home value in 2020: $102,000
- Ranked #749 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#11. Hendry County

- Monthly mortgage payment in 2020: $370 (2.2% greater than 2019)
- Monthly mortgage payment in 2019: $362
- Median home value in 2020: $99,900
- Ranked #700 out of 3,120 counties nationwide
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Georgia Guercio // Wikimedia Commons

#10. Holmes County

- Monthly mortgage payment in 2020: $363 (11.7% less than 2019)
- Monthly mortgage payment in 2019: $411
- Median home value in 2020: $98,000
- Ranked #657 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#9. Madison County

- Monthly mortgage payment in 2020: $349 (9.6% less than 2019)
- Monthly mortgage payment in 2019: $386
- Median home value in 2020: $94,200
- Ranked #570 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#8. DeSoto County

- Monthly mortgage payment in 2020: $343 (7.8% less than 2019)
- Monthly mortgage payment in 2019: $372
- Median home value in 2020: $92,700
- Ranked #527 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#7. Taylor County

- Monthly mortgage payment in 2020: $333 (9.0% less than 2019)
- Monthly mortgage payment in 2019: $366
- Median home value in 2020: $90,000
- Ranked #450 out of 3,120 counties nationwide
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Michael Rivera // Wikimedia Commons

#6. Calhoun County

- Monthly mortgage payment in 2020: $333 (7.2% less than 2019)
- Monthly mortgage payment in 2019: $359
- Median home value in 2020: $89,900
- Ranked #447 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#5. Hardee County

- Monthly mortgage payment in 2020: $327 (9.4% less than 2019)
- Monthly mortgage payment in 2019: $361
- Median home value in 2020: $88,200
- Ranked #406 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#4. Hamilton County

- Monthly mortgage payment in 2020: $314 (0.0% greater than 2019)
- Monthly mortgage payment in 2019: $314
- Median home value in 2020: $84,700
- Ranked #312 out of 3,120 counties nationwide
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Michael Rivera // Wikimedia Commons

#3. Dixie County

- Monthly mortgage payment in 2020: $307 (6.7% less than 2019)
- Monthly mortgage payment in 2019: $329
- Median home value in 2020: $83,000
- Ranked #281 out of 3,120 counties nationwide
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Ebyabe // Wikimedia Commons

#2. Glades County

- Monthly mortgage payment in 2020: $300 (11.0% less than 2019)
- Monthly mortgage payment in 2019: $337
- Median home value in 2020: $81,100
- Ranked #249 out of 3,120 counties nationwide
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Michael Rivera // Wikimedia Commons

#1. Liberty County

- Monthly mortgage payment in 2020: $294 (0.0% greater than 2019)
- Monthly mortgage payment in 2019: $294
- Median home value in 2020: $79,400
- Ranked #210 out of 3,120 counties nationwide
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