Florida housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$375,361−0.9% YoY · prices are falling
Market right nowBalanced marketFewer homes for sale than last year, 19% have cut their price
Income needed to buy, per year$81,370About 1.0× the local median income ($77,687): a stretch for a typical household
Days on market79 daysFaster than a year ago: sellers have the edge
Next 12 months−0.7%Zillow expects prices to dip slightly
The typical home in Florida is worth $375,361, down 0.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $355,479, so the area is 5.6% overvalued. It is a balanced market: homes take about 79 days to sell, listings are down 8% from a year ago, 19% of listings have had a price cut. Zillow expects prices to fall about 0.7% over the next year. A household needs about $81,370 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,687. In the latest IRS figures, 114,169 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
| Typical home value | $375,361 |
| Change in 1 year | −0.9% |
| Overvalued % | +5.6% |
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| Fair home value | $355,479 |
| Change in 5 years | +18.6% |
| Zillow forecast, next 12 months | −0.7% |
| Home value to income | 4.8× |
| Monthly mortgage payment (20% down) | $2,034 |
| Income needed to afford it | $81,370 |
| Property tax rate | 0.76% |
Rent and investing
| HUD Fair Market Rent, 2 bedrooms | $1,957 |
Market activity
| Listings vs a year ago | −7.8% |
| Days on market | 79 |
| Listings with a price cut | 19.3% |
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| Homes for sale | 149,401 |
| Pending sales per 100 listings | 25 |
| Asking price per sq ft | $250 |
People and jobs
| Median household income | $77,687 |
| Population change (1 year) | +0.8% |
| Unemployment rate | 4.8% |
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| Population | 23,462,518 |
| Income adjusted for cost of living | $75,132 |
| Net moves in (IRS) | +114,169 |
| Cost of living (US = 100) | 103.4 |
Schools, risk and environment
| FEMA hazard risk score (0 to 100) | 95.2 |
| Unhealthy air days a year | 1 |
| Flood risk score | 93.8 |
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| Wildfire risk score | 92.8 |
| Walkability (1 to 20) | 10.0 |
| Road, rail and air noise | 54 dB |
Questions people ask
- Is Florida overvalued?
- Home prices in Florida are slightly above what local incomes have historically supported: fair value is about $355,479, so the area is 5.6% overvalued.
- Is Florida a buyer's or seller's market?
- Florida is a balanced market: homes take about 79 days to sell, listings are down 8% from a year ago, 19% of listings have had a price cut.
- Are home prices going down in Florida?
- Home values in Florida are down 0.9% over the last year. Zillow's forecast for the next 12 months is −0.7%.
- How much do you need to earn to buy a home in Florida?
- A household needs about $81,370 a year to afford the typical home in Florida at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,687.
Metro areas
Miami-Fort Lauderdale-West Palm Beach, FLTampa-St. Petersburg-Clearwater, FLOrlando-Kissimmee-Sanford, FLJacksonville, FLNorth Port-Bradenton-Sarasota, FLCape Coral-Fort Myers, FLLakeland-Winter Haven, FLDeltona-Daytona Beach-Ormond Beach, FLPalm Bay-Melbourne-Titusville, FLPort St. Lucie, FLPensacola-Ferry Pass-Brent, FLOcala, FLNaples-Marco Island, FLTallahassee, FLGainesville, FLCrestview-Fort Walton Beach-Destin, FLPanama City-Panama City Beach, FLPunta Gorda, FLSebastian-Vero Beach-West Vero Corridor, FLHomosassa Springs, FLWildwood-The Villages, FLSebring, FL
Counties
Alachua CountyBaker CountyBay CountyBradford CountyBrevard CountyBroward CountyCalhoun CountyCharlotte CountyCitrus CountyClay CountyCollier CountyColumbia CountyDe Soto CountyDixie CountyDuval CountyEscambia CountyFlagler CountyFranklin CountyGadsden CountyGilchrist CountyGlades CountyGulf CountyHamilton CountyHardee CountyHendry CountyHernando CountyHighlands CountyHillsborough CountyHolmes CountyIndian River CountyJackson CountyJefferson CountyLafayette CountyLake CountyLee CountyLeon CountyLevy CountyLiberty CountyMadison CountyManatee CountyMarion CountyMartin CountyMiami-Dade CountyMonroe CountyNassau CountyOkaloosa CountyOkeechobee CountyOrange CountyOsceola CountyPalm Beach CountyPasco CountyPinellas CountyPolk CountyPutnam CountySaint Johns CountySaint Lucie CountySanta Rosa CountySarasota CountySeminole CountySumter CountySuwannee CountyTaylor CountyUnion CountyVolusia CountyWakulla CountyWalton CountyWashington County