Best Places To Buy A House In Florida For 2020


Using science and data, we can tell you which places in Florida have seen home prices rising and people flocking over the past year.

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2020.

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There's a the age old question everyone thinks about when they decide to move to a city in Florida:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Florida, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Sunshine State.

To do that we are going to look at places in Florida that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Florida at the moment? That would be Kenneth City according to our analysis.

Here's a look at the top ten places to buy a home in florida for 2020:

  1. Kenneth City (Homes For Sale)
  2. Valparaiso (Photos | Homes For Sale)
  3. South Pasadena (Homes For Sale)
  4. LaBelle (Photos | Homes For Sale)
  5. South Bay (Photos | Homes For Sale)
  6. Starke (Homes For Sale)
  7. Mascotte (Photos | Homes For Sale)
  8. Lake Alfred (Photos | Homes For Sale)
  9. Fellsmere (Photos | Homes For Sale)
  10. Okeechobee (Photos | Homes For Sale)

What's the best place to buy a home in Florida for 2020? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in florida and, for those of you on a budget, the cheapest places to live in florida.

For more Florida reading, check out:

The 10 Best Cities To Buy A House In Florida For 2020

Source: Public Domain
Overall SnackAbility

8
/10

Population: 5,017
Median Home Price: $145,300
Population Change: -0.7%
Home Price Change: 12.3%
More on Kenneth City: Homes For Sale | Data

Valparaiso, FL

Overall SnackAbility

7
/10

Population: 5,035
Median Home Price: $213,100
Population Change: 0.8%
Home Price Change: 4.7%
More on Valparaiso: PhotosHomes For Sale | Data

Valparaiso was named after Valparaiso, Indiana.

Overall SnackAbility

6
/10

Population: 5,071
Median Home Price: $167,600
Population Change: 0.2%
Home Price Change: 2.4%
More on South Pasadena: Homes For Sale | Data

Labelle, FL

Overall SnackAbility

4
/10

Population: 5,075
Median Home Price: $77,500
Population Change: 7.6%
Home Price Change: -1.3%
More on Labelle: PhotosHomes For Sale | Data

South Bay, FL

Overall SnackAbility

3
/10

Population: 5,116
Median Home Price: $82,200
Population Change: 0.5%
Home Price Change: -1.6%
More on South Bay: PhotosHomes For Sale | Data

South Bay was named for its location on Lake Okeechobee. The town was incorporated in 1941. The first mayor of South Bay was Aubrey Walker, who, along with his brother, Haughty D. Walker, survived the great hurricane of 1928 by gathering his family members onto a barge in the canal.

Starke, FL

Overall SnackAbility

3
/10

Population: 5,375
Median Home Price: $86,400
Population Change: 1.0%
Home Price Change: -0.7%
More on Starke: Homes For Sale | Data

Mascotte, FL

Overall SnackAbility

4
/10

Population: 5,552
Median Home Price: $124,300
Population Change: 2.0%
Home Price Change: 17.2%
More on Mascotte: PhotosHomes For Sale | Data

The town is named for a small ship that was used to haul tobacco from Cuba during the Spanish-American War. That ship appears on the seal of the city of Tampa and Mascotte. There are numerous photos of Mascotte in service between Tampa, Key West and Havana, 1886 through 1924, until sold north.

Lake Alfred, FL

Overall SnackAbility

5
/10

Population: 5,565
Median Home Price: $116,900
Population Change: 1.4%
Home Price Change: 1.6%
More on Lake Alfred: PhotosHomes For Sale | Data

The city was established soon after the South Florida Railroad reached the area in 1883. It had a number of early names, including Fargo, Chubb and Bartow Junction.

Fellsmere, FL

Overall SnackAbility

3
/10

Population: 5,629
Median Home Price: $100,100
Population Change: 1.1%
Home Price Change: 8.5%
More on Fellsmere: PhotosHomes For Sale | Data

Okeechobee, FL

Overall SnackAbility

4
/10

Population: 5,638
Median Home Price: $109,200
Population Change: 0.8%
Home Price Change: -1.2%
More on Okeechobee: PhotosHomes For Sale | Data

How do you determine the best places to buy a home in florida for 2020?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Florida. Put differently, the analysis will try to find places in Florida with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2014-2018 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Florida with the following caveats:

So of the 0 cities and towns in Florida, only 217 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 217 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Kenneth City is the best potential gem in the not-so-rough in the Sunshine State.

Read on for more on these places.

There You Have It - The Best Places To Purchase A House In florida for 2020

There's our analysis of the best places to buy a house in Florida. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more florida reading, check out:

Detailed List Of The Best Places To Buy A Home In Florida

City Rank Median Home Price Population Change Home Price Increase
Kenneth City 1 $145,300 -0.7% 12.3%
Valparaiso 2 $213,100 0.8% 4.7%
South Pasadena 3 $167,600 0.2% 2.4%
Labelle 4 $77,500 7.6% -1.3%
South Bay 5 $82,200 0.5% -1.6%
Starke 6 $86,400 1.0% -0.7%
Mascotte 7 $124,300 2.0% 17.2%
Lake Alfred 8 $116,900 1.4% 1.6%
Fellsmere 9 $100,100 1.1% 8.5%
Okeechobee 10 $109,200 0.8% -1.2%
Newberry 11 $164,800 3.1% 6.9%
Surfside 12 $581,800 -0.5% -2.5%
High Springs 13 $154,800 2.0% -1.9%
Bay Harbor Islands 14 $390,100 0.1% 4.4%
Tequesta 15 $359,200 0.9% 5.0%
Fort Meade 16 $74,800 1.3% 18.5%
Pahokee 17 $90,400 0.6% -3.1%
Defuniak Springs 18 $130,700 3.9% 13.5%
Gulf Breeze 19 $340,000 2.1% 1.0%
Macclenny 20 $122,800 0.9% 2.3%
Wildwood 21 $108,100 3.9% -4.0%
Fruitland Park 22 $178,800 21.5% 69.3%
Pembroke Park 23 $84,500 2.1% 9.6%
Belle Isle 24 $312,900 2.7% 13.7%
Treasure Island 25 $380,100 0.5% 5.2%
St. Augustine Beach 26 $390,100 1.5% 5.0%
Live Oak 27 $88,700 0.5% 7.8%
Perry 28 $84,600 -0.3% -0.5%
Dade City 29 $95,100 1.8% 6.5%
Fort Myers Beach 30 $397,200 1.3% 5.5%
Neptune Beach 31 $381,400 0.7% 9.0%
Inverness 32 $95,700 0.7% -2.0%
Sanibel 33 $720,500 1.3% 2.1%
Longboat Key 34 $720,700 0.8% 1.6%
Marianna 35 $89,400 -1.3% -3.6%
West Miami 36 $303,800 4.6% 13.7%
Quincy 37 $91,900 -1.1% -2.5%
Green Cove Springs 38 $159,100 4.0% 15.7%
Clewiston 39 $109,900 3.1% -15.8%
Southwest Ranches 40 $627,700 0.8% 4.5%
Arcadia 41 $87,400 2.2% 4.0%
Brooksville 42 $49,000 1.5% -13.7%
North Bay Village 43 $293,300 1.5% 8.0%
Indian Harbour Beach 44 $269,900 0.1% 9.7%
Lake Park 45 $173,100 -0.3% 9.3%
Palm Beach 46 $1,149,500 0.9% 16.6%
Orange Park 47 $166,800 1.4% 3.2%
Marathon 48 $389,300 -0.1% 8.5%
Springfield 49 $108,300 1.1% 2.7%
St. Pete Beach 50 $416,000 0.5% 12.0%
Milton 51 $131,000 2.2% 5.5%
Alachua 52 $166,800 1.2% 5.8%
Cape Canaveral 53 $226,400 1.0% 13.2%
Palatka 54 $78,100 0.3% -1.0%
Avon Park 55 $68,400 2.3% 5.1%
Sebring 56 $84,900 1.6% 5.7%
Miami Shores 57 $512,100 -0.7% 6.2%
Satellite Beach 58 $272,500 1.3% 10.4%
Minneola 59 $189,000 4.0% 19.1%
Lighthouse Point 60 $528,300 0.6% 16.5%
Lantana 61 $195,600 1.5% 18.8%
Orange City 62 $100,300 0.9% 11.8%
Cocoa Beach 63 $306,000 0.4% 4.7%
Lake City 64 $110,400 -0.5% 0.3%
Holly Hill 65 $96,800 1.0% 12.3%
Fernandina Beach 66 $316,500 0.9% 5.6%
Florida City 67 $143,400 -0.4% 29.4%
South Miami 68 $528,400 -0.4% 9.9%
Gulfport 69 $167,700 0.5% 5.5%
Groveland 70 $175,100 8.8% 8.3%
Wilton Manors 71 $319,100 1.0% 5.7%
Panama City Beach 72 $229,400 1.8% 4.4%
South Daytona 73 $124,300 1.1% 4.0%
North Palm Beach 74 $296,600 1.2% 6.8%
Key Biscayne 75 $1,218,200 -0.2% 7.1%
Atlantic Beach 76 $353,500 1.3% 1.3%
Destin 77 $317,200 0.4% 11.3%
Palmetto 78 $122,600 1.0% 4.7%
Mount Dora 79 $242,900 2.0% 5.8%
St. Augustine 80 $260,800 1.9% 5.7%
Miami Springs 81 $387,100 -0.5% 14.0%
Oldsmar 82 $194,500 1.6% 10.4%
Longwood 83 $187,400 1.7% 14.4%
Zephyrhills 84 $94,800 1.7% 5.8%
West Park 85 $162,800 -0.2% 4.6%
Niceville 86 $216,800 2.4% 2.4%
Lady Lake 87 $138,300 1.7% 4.5%
Callaway 88 $147,400 1.1% 1.1%
Auburndale 89 $159,900 2.6% 7.5%
Lake Wales 90 $146,800 2.2% 9.5%
New Port Richey 91 $76,900 1.8% 12.9%
Stuart 92 $168,400 -0.9% 28.8%
Tavares 93 $127,300 3.6% 4.7%
Lake Mary 94 $296,100 3.0% 4.7%
Vero Beach 95 $256,300 1.8% 13.5%
Maitland 96 $344,800 3.3% 7.5%
Safety Harbor 97 $247,100 1.0% 3.3%
Marco Island 98 $598,200 0.7% 14.3%
Cocoa 99 $110,700 1.7% 4.3%
Seminole 100 $184,000 1.8% 9.9%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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