It’s unusually hard to find affordable, high quality of life places to live in Florida right now, because this current Florida housing bubble has been inflating for over 10 years. Allow me to explain… I’ve been selling real estate since I
was in my 20’s and now I’m 39 (my family says I’m much older but they don’t get it. I don’t have birthdays anymore, I only have anniversaries of my 39th). The point is I’ve been in the business a long time and I’ve talked with 1000’s of buyers from many different states, different walks of life, etc. While people may come in all kinds of shapes and colors and disagree about many things, when it comes to choosing where to live, we all basically want the same
things.
When demand is greater than supply, prices go up. Most of the people shopping for homes in Iowa today, are likely from Iowa. Most of the people shopping for homes in Florida today are from
Florida, and from just about any other state you can think of, as well as people from other counties. Since unemployment and interest rates are at historically low rates, this means more of us have the ability to buy or rent right now. So housing prices are going up in Iowa, but prices have really skyrocketed in Florida because people from all over are moving to the state, just like they always do when the economy is great. So If You’re Looking for a Nice Cheap Place in Florida, I Have Some Bad News, Some Worse News and Some Good News for You.The bad news…Are you looking for a safe place that has a great school district, plenty of jobs to choose from, many different places to dine, drink and shop, that’s also near the beach or theme parks? Well, there are places exactly like that in Florida, but because far too many of us want that, there aren’t enough places there to go around. So most of the places we want to live are not affordable right now for most people who want to move to Florida and keep their expenses low. Even worse news…If you find a cheap place in Florida that’s still cheap today after the market has been hot for years, there’s usually a good reason it’s still cheap. What could that reason be? Well, lets take #1 from the list above of things we all want when we’re choosing a place to live “We all want to live in a community where we’ll feel safe” as an example. Since we avoid places that we feel are unsafe (we don’t usually choose war zones for vacation), those places will have lower home and rental prices because of low demand. Just like when a recession hits and nobody is buying cars, the dealers offer 0% financing, $1000’s in rebates and slash prices. Low demand = low prices. Here’s an example done June 18th 2019, of a place in Florida with low home prices and the likely reason why: Lake City Florida– Homes for sale starting at $40,000 and a murder rate higher than Chicago, where you had a 1 in 14 chance of being a crime victim (property or violent crime) which is more than double your chances in the Windy City (based on FBI reporting for 2017). Now the good news…
The 5 Cheapest (+Best) Places to Live in Florida With Videos!*Prices may be much higher (thanks to this ridiculous market we’re in) or lower (like after the next recession, we have them every 7 years on average and we’re way way overdue) when you read this article. In random order… 1) Cape Coral Florida
There were lots of condos available for under $100,000 and single family homes started in the low $100’s at the time this article was researched. There were brand new construction homes with 3 bedroom 2 baths with a garage starting around #150,000. They were not large homes but they’re priced about $100,000 less than the Florida and US median sale price. If you buy one of these lower prices homes or condos while interest rates are still fairly low, your total housing payment would likely be less than the $1500 a month it would cost to for the average rental here. The population of Cape Coral is about 175,000 but it doesn’t feel like a city. The property and violent crime rates are low (unlike nearby Fort Myers which is not on any of our best places lists) making it one of the safest places to live in Florida. All other quality of life scores are also higher than average for Florida. Cape Coral has over 400 miles of canal which is more than any other city on the planet. If you plan on buying a home for your boat, be sure to buy from an agent who has a boat and knows the waterways. Otherwise, you could end up paying a fortune for a home that would take you half a day just to get out to the Gulf. By that time it will be time to head back in. I’ve had people tell me they thought Cape Coral was an ugly example of urban sprawl. Others love how much home they were able to get for their money compared to other places in southwest Florida. If you’re looking for a safe place to live in Florida where home prices for newer homes are lower, Cape Coral is worth consideration. Terry Bradshaw in a promo video about Cape CoralIn the Florida Move Guide I cover lots of the reasons people move to Florida only to eventually move back. Here are just 2 things to be aware of before moving to Cape Coral. These will be the only negatives of living in Florida I will be covering in this article. Algae… Water levels… _____ 2) Edgewater Florida
This is a great choice if you’re moving to Florida on a budget and want to be near the beach or you’re a NASCAR fan. Mostly quiet uncrowded beaches are just minutes away and if you want more excitement, Daytona Beach isn’t far either. Edgewater is right off I-95 so trips north are convenient. Affordable, very safe, good schools, average job prospects all add up to a town worth serious consideration. What? You never heard of Edgewater Florida. Well that’s one sign it may be a good place to live! Edgewater is a town of about 18,000 about 17 miles south of Daytona Beach just off I-95. Edgewater’s violent crime rate is far lower than the national average. It’s just a short drive from Edgewater to many warm wonderful Atlantic Ocean beaches. It only takes about an hour to get to Orlando. So trips to the theme parks for a day are entirely possible. Move to Florida and be close to both the theme parks and the beaches? How jealous will your friends be when you call them in the middle of winter and it’s snowing there and you tell them you just got back from Disney and are now heading to the beach? Edgewater is a town where there’s a lot of single family homes for sale for less than $100,000. Some are smaller older places that are closer to $50,000 that would be ideal for snowbirds or vacation homes. Rentals are hard to find so monthly rates are high. But if you intend to by a home cheap, this is currently a great place to look. See a video about Edgewater, Florida3) Sebastian Florida
Continuing south on I-95 from about 100 miles or an hour and a half from Edgewater you’ll find the own of Sebastian. Sebastian also offers it’s residents a choice of some wonderful beaches to enjoy and is ideal for beach lovers and water-sport enthusiast.. Many of these beaches aren’t on the radar of the tourist yet so the aren’t quite as crowded during the winter. Nearby Sebastian Inlet State Park is known for it’s surfing and fishing and natural beaches. Also in the area is the Pelican Island National Wildlife Refuge offering some of the best bird-watching, fishing and sight seeing in the area. It’s an ideal place to take relatives and friends when they visit. Homes and condos start in the low #100’s in Sebastian. Rentals in this area are in short supply so prices are higher than Florida’s average. Areas with inexpensive home prices and low crime rates are rare in today’s Florida but both Sebastian’s property and violent crime rate are considerably lower than the national average. Cheap, safe and near the beaches is hard to beat. ____ 4) Dunedin Florida
Bikeable, walkable and just plain likable this is one of the safest towns in Florida that’s close to both beaches and a major city. This was also a pick on our best small towns list. A quick check showed there were still some condos here priced under $100,000, but the better single family homes under $200,000 were selling quickly when this was written. A small town with good schools, low crime, low cost of living, average job prospects near beaches and all the amenities you could want, Dunedin is what most people move to Florida for, but never really find. See a video about Dunedin, Florida_____ 5) Coconut Creek Florida
Located between the much more expensive cities of Fort Lauderdale and Boca Raton, Coconut creek is just a short drive from some of the best beaches on the east coast of Florida. It also offers easy access to major Southeast Florida employment, shopping and entertainment centers. Coconut Creek’s property and violent crime rate are lower than the national average. Actually, it’s violent crime rate is far lower. If your Florida dream involves condo living where all the hard work is done for you, then this town may be where your dream can come true, for less. There are a ton of condos on the market for under $100,000 in Coconut Creek at the time this was written. If you’re still a youngster (under 55 years of age) be sure to check for age restrictions on who can own the condo. Although there were a few small single family homes for around $100,000, most were twice that or more. Coconut Creek is safe community close to world class beaches. It’s somewhat diverse. About 16% of the population is African American and Hispanics account for about 25%. It’s less than an hour to Miami and anything you could possibly want to see, buy or do. The Miami metro area is expensive but Coconut Creek is an affordable option especially if you’re looking to live a condo
lifestyle. _____ Ron Stack “That Best Places Guy”
_____ What is the most affordable beach town in Florida to live?Pensacola, FL (Tie)
Pensacola ranks as the most affordable beach town in Florida.
Where is the most affordable waterfront property in Florida?According to Neighborhoods.com, the 10 most affordable beach towns in Florida are:. Port Charlotte.. Fort Pierce.. Daytona Beach.. Venice.. Palm Bay.. Melbourne.. Port Orange.. Tarpon Springs.. Where is the cheapest but nicest place to live in Florida?Cape Coral
It's easily one of the most affordable places to live in Florida. It's also one of the safest cities in Florida, with one of the lowest crime rates in the state.
What is the most affordable beach in Florida?Ponce Inlet
Daytona Beach has long held a reputation for being one of Florida's most affordable beach towns. Ten miles south, its neighbor Ponce Inlet is just as wallet-conscious with far fewer crowds.
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