Miami FL Single Family Homes For Sale - 1239 Homes | Zillow (2024)

FAQs

What is the average cost of a single family home in Florida? ›

The median sale price of a single-family home in Florida is $409,243, according to Florida Realtors' September 2023 market report. If you're comfortable with a smaller space, you'll be rewarded with a smaller price: The median price of a condo or townhouse is $324,990.

The Ramsey Solutions research shows that housing prices in Florida have gone up, especially when comparing the fourth quarters of 2022 and 2023, respectively. At the end of 2022, the median sales price of a Florida home was $401,990.

As a general rule of thumb, homes built after 1990 are considered newer, and homes built before 1920 are considered “old” or “antique.” But housing age is a subjective condition that turns on numerous factors.

However, by building your own home you get a brand-new residence, customized to your needs. It costs $568,926 on average to build a home in Miami. This figure can add up to $718,926 if you include land costs, excavations, permits, and other expenses. A new home construction can take up to 9 to 12 months.

Florida can be an expensive place, mostly because the cost of renting or owning a home has gone up so much. But with a good salary — by one definition at least $69,000 for a single, childless person — and a solid spending plan, you can enjoy the laid-back Florida lifestyle. Take control of your finances with SoFi.

The minimum down payment for a conventional mortgage loan is 3%, but you will need to pay for private mortgage insurance (PMI) if you bring less than 20% down to closing. To qualify for a Conventional mortgage, you'll need a credit score of at least 620 points and a debt-to-income ratio of no more than 43%.

Lakeland

The cost of living in Lakeland is 8.4% lower compared to the national average. It is the cheapest place in Florida to live and well-connected. Lakeland's affordable food, health, housing, and transportation facilities make the city one of the cheapest places to live in the US.

The months from March to June are the best time to buy a house in Florida. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

According to Zillow, home price appreciation is expected to slow down significantly in the coming years, with a predicted increase of only 3.4% for 2024. This could provide relief to buyers who have been priced out of the market in recent times.

(a) “Senior citizen” means a person who is 60 years of age or older. (b) “Handicapped person” means any person who has a mental or educational impairment which substantially limits one or more major life activities. (c) “Mental or educational impairment” means: 1.

Do seniors live longer in Florida? ›

For males, the state ranked 20th, with a life expectancy of 74.6 years. In 2020, life expectancy for those at age 65 was 19.2 years in Florida, ranking the state No. 6 in the U.S. Males were expected to live another 17.7 years and females another 20.6 years.

Can someone younger than 55 live in a 55 plus community in Florida? Yes, there are exceptions to the age requirement in 55 plus communities. Under the Housing for Older Persons Act, a community can allow up to 20% of its residents to be under the age of 55.

The average cost to build 3 bedroom house in Florida is between $220,000 – $365,000.

Key takeaways. The purchase price of a completed new-construction home tends to be higher than that of an existing home. The cost to build a home from scratch can be cheaper, but a lot depends on labor costs and the home's size and finishes.

Depending on the home size, style, and location, it is usually cheaper to buy a house than build one in Florida. According to the latest real estate market data, the median sale price for single-family homes in Florida is $423,500.

The average cost to build a 2,000-square-foot home in Florida is approximately $415,000, or $207.5 per square foot. Total costs can range between $260,000 and $560,000, depending on factors such as location, property type, labor expenses, and material costs.

What is the average cost of living in Florida? According to the Bureau of Economic Analysis, the average cost of living per year in Florida is around $50,689 per person. The cost of living in Florida per month equates to approximately $4,224 per person.

In Florida, homebuyers need to rake in $114,771 a year to afford a median-priced home in 2024, according to BankRate. In 2020, Florida homebuyers needed to make $72,693 to afford a 'typical' home. Bankrate attributes the salary surge to a combination of high mortgage rates, rising home prices, and low inventory.