The Sunshine State has come a long way since its discovery in 1513. For those wanting to become one of the 21 million people living in Florida, there are many beautiful and affordable places to buy a home. Here are the cheapest places to live in Florida.
Cheapest Places to Live in Florida
Brooksville, FL
Brooksville, FL offers its residents a suburban feel while still providing great opportunities for camping, fishing, paddle boarding and kayaking. Nearby Withlacoochee State Forest also offers some of the best hiking and biking around.
Brooksville’s average home value is $218,000 and is trending up 22.7 percent year over year. The median household income is $32,000, which is $21,000 below the US average. However, the cost of living is 19 percent lower than the Florida average, making Brooksville more affordable than many other places in Florida. Home to 23 public schools and 3 private and charter schools, Brooksville is one of the cheapest places to live in Florida
Cocoa, FL
Cocoa, FL not only provides waterfront views and shopping in historic downtown, but with multiple parks and walking trails, outdoor adventure awaits in this Florida city. With many historical landmarks, such as the Derby Street Chapel and Historic Cocoa Village Playhouse, Cocoa has the makings of a wonderful place to live.
Cocoa’s average home value is $223,000 and is trending up 10.4 percent year over year. The median household income is $34,000, which is $19,000 below the US average. However, the cost of living is 16 percent lower than the Florida average, making Cocoa an affordable Florida city. Home to 22 public schools and 8 private and charter schools, Cocoa is one of the cheapest places to live in Florida
West Pensacola, FL
Perfect flying formations across the sky performed by Blue Angels Airshow is a common occurrence in West Pensacola. Although home to the National Flight Academy and National Naval Aviation Museum, it’s not all about the planes. Several state parks and the longest stretch of federally protected seashore in the U.S. create amazing opportunities in West Pensacola.
West Pensacola’s average home value is $93,000 and is trending up 16.1 percent year over year. Its median household income is $35,000, which is $18,000 below the US average. However, the cost of living is 15 percent lower than the Florida average, making West Pensacola an attractive option for Florida homebuyers. Home to 10 public schools and 4 private and charter schools, West Pensacola is one of the cheapest places to live in Florida.
Gainesville, FL
With eight state parks, more than 100 miles of trails to bike and hike and crystal blue freshwater springs, Gainesville is one of the best cheapest places to live in Florida.
Gainesville’s average home value is $225,000 with a slight dip of 2.3 percent over the past several years. Its median household income is $36,000, which is $17,000 below the US average. However, the cost of living is 4 percent lower than the Florida average, making Gainesville affordable to most. Home to 54 public schools and 13 private and charter schools, Gainesville is one of the cheapest places to live in Florida.
Holly Hill, FL
Centrally located between Jacksonville and Orlando, Holly Hill is a small area in Daytona Beach. With 23 miles of white sand beaches and countless ways to explore the outdoors, Holly Hill is a hidden gem. With Daytona International Speedway nearby and plenty of opportunities for fishing and golfing, Holly Hill is a great place to live.
Holly Hill’s average home value is $152,000 and is trending up 11.4 percent year over year. Its median household income is $34,000, which is $19,000 below the US average. However, the cost of living is 16 percent lower than the Florida average, making Holly Hill one of the cheapest places to live in Florida. Home to 6 public schools and 2 private and charter schools, you can comfortably afford to raise your family in this Florida town.
Take advantage of current interest rates and buy a home is one of the cheapest places to live in Florida with the help of Wyndham Capital Mortgage.
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