Rent vs Buy in Florida
Compare 19 cities across Florida. Find out whether renting or buying makes more financial sense in your area.
19cities analyzed
Avg Home:$445,526
Avg Rent:$1,987/mo
Avg Price/Rent:18.8
Florida Housing Market Summary
19
Cities Analyzed
4
Favor Buying
3
Favor Renting
12
Toss-Up
Across Florida's 19 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Florida is $445,526, with average rents at $1,987/month. This gives an average price-to-rent ratio of 18.8.
$Most Affordable Cities
$$Most Expensive Cities
All Florida Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Jacksonville | $565,000 | $2,350 | 20.0 | 7 yrs | Toss-up |
| Miami | $415,000 | $1,950 | 17.7 | 6 yrs | Toss-up |
| Tampa | $410,000 | $2,100 | 16.3 | 3 yrs | Buy |
| Orlando | $505,000 | $2,000 | 21.0 | 7 yrs | Toss-up |
| St. Petersburg | $405,000 | $1,850 | 18.2 | 8 yrs | Toss-up |
| Hialeah | $410,000 | $1,900 | 18.0 | 7 yrs | Toss-up |
| Port St. Lucie | $475,000 | $2,000 | 19.8 | 6 yrs | Toss-up |
| Cape Coral | $400,000 | $1,850 | 18.0 | 8 yrs | Toss-up |
| Fort Lauderdale | $500,000 | $1,800 | 23.1 | 11 yrs | Rent |
| Pembroke Pines | $405,000 | $1,950 | 17.3 | 8 yrs | Toss-up |
| Hollywood | $430,000 | $2,200 | 16.3 | 5 yrs | Buy |
| Gainesville | $485,000 | $1,750 | 23.1 | 13 yrs | Rent |
| Miramar | $455,000 | $2,200 | 17.2 | 7 yrs | Toss-up |
| Coral Springs | $485,000 | $2,050 | 19.7 | 7 yrs | Toss-up |
| Palm Bay | $385,000 | $1,750 | 18.3 | 7 yrs | Toss-up |
| Clearwater | $435,000 | $2,150 | 16.9 | 4 yrs | Buy |
| Pompano Beach | $380,000 | $1,950 | 16.2 | 6 yrs | Buy |
| Miami Gardens | $470,000 | $1,750 | 22.4 | 9 yrs | Rent |
| Davie | $450,000 | $2,200 | 17.0 | 8 yrs | Toss-up |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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