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:$400,387
Avg Rent:$2,264/mo
Avg Price/Rent:14.8
Florida Housing Market Summary
19
Cities Analyzed
0
Favor Buying
19
Favor Renting
0
Toss-Up
Across Florida's 19 analyzed cities, the majority (19 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Florida.
The average home price in Florida is $400,387, with average rents at $2,264/month. This gives an average price-to-rent ratio of 14.8.
$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 | $289,432.44 | $1,582.39 | 15.2 | N/A | Rent |
| Miami | $513,948.05 | $2,797.62 | 15.3 | N/A | Rent |
| Tampa | $373,641.61 | $2,008.84 | 15.5 | N/A | Rent |
| Orlando | $397,717.59 | $1,945.83 | 17.0 | N/A | Rent |
| St. Petersburg | $361,621.35 | $2,031.75 | 14.8 | N/A | Rent |
| Hialeah | $513,948.05 | $2,797.62 | 15.3 | N/A | Rent |
| Fort Lauderdale | $419,725.25 | $2,466.42 | 14.2 | N/A | Rent |
| Port St. Lucie | $367,975.94 | $2,301.64 | 13.3 | N/A | Rent |
| Cape Coral | $339,140.75 | $1,855.8 | 15.2 | N/A | Rent |
| Pembroke Pines | $419,725.25 | $2,466.42 | 14.2 | N/A | Rent |
| Hollywood | $419,725.25 | $2,466.42 | 14.2 | N/A | Rent |
| Miramar | $419,725.25 | $2,466.42 | 14.2 | N/A | Rent |
| Gainesville | $298,688 | $1,687.7 | 14.7 | N/A | Rent |
| Coral Springs | $419,725.25 | $2,466.42 | 14.2 | N/A | Rent |
| Clearwater | $361,621.35 | $2,031.75 | 14.8 | N/A | Rent |
| Miami Gardens | $513,948.05 | $2,797.62 | 15.3 | N/A | Rent |
| Palm Bay | $337,593.09 | $1,921.21 | 14.6 | N/A | Rent |
| Pompano Beach | $419,725.25 | $2,466.42 | 14.2 | N/A | Rent |
| Davie | $419,725.25 | $2,466.42 | 14.2 | N/A | Rent |
Compare Other States
Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
Open Full Calculator