These Florida cities are most affordable for home buyers, study finds

Name: Is homeownership still the American dream?
Uploaded: 2025-05-23T12:00:14-04:00
Description: At least 82% of Americans say owning a home is part of the American Dream, according to Bankrate’s 2025 Home Affordability Survey. Chief Financial Analyst Greg McBride shares more on the topic.

Is homeownership still the American dream?

At least 82% of Americans say owning a home is part of the American Dream, according to Bankrate’s 2025 Home Affordability Survey. Chief Financial Analyst Greg McBride shares more on the topic.

Home prices have gone up a lot in recent years, and mortgage rates are now much higher, too. This makes it harder for many people to afford buying a home.

However, some cities are still much more affordable than others, according to a study by WalletHub.

What we know:

WalletHub said it analyzed 300 U.S. cities using 10 important factors to find out which places are the most affordable for home buyers. The study looked at things like home prices, upkeep costs, property taxes, and how many homes are vacant.

By the numbers:

In Florida, 23 cities were ranked among the most affordable places for home buyers, including Palm Bay and Orlando. Here's how they placed among the 300 cities analyzed.

17. Palm Bay

48. Lakeland

71. Sunrise

82. Cape Coral

85. Clearwater

94. Jacksonville

108. Orlando

119. Tampa

136. St. Petersburg

137. West Palm Beach

140. Port St. Lucie

144. Tallahassee