News & Trending Mortgage & Loans News

15 Florida Cities Where You Can Buy a Home Under $200,000

Live in the Sunshine State without breaking your budget.

Gainesville Florida USA downtown
Updated Nov. 13, 2024
Fact checked

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

Do you have dreams of spending your days in the Florida sunshine? But are you concerned that the home prices are too expensive?

Don’t fret: There are cities in Florida where you still can buy a home for less than $200,000 — you just have to know where to look. 

From South Florida to the panhandle, there are budget-friendly condos and single-family houses, even for retirees. 

You can find the Florida lifestyle of your dreams, whether in a city or an area focused on outdoor recreation, and you don’t have to break the bank to buy.

Here are the 15 cities in Florida where smart homeowner money moves can mean buying a home for under $200,000.

If you’re over 50, take advantage of massive discounts and financial resources

Over 50? Join AARP today — because if you’re not a member you could be missing out on huge perks. When you start your membership today, you can get discounts on things like travel, meal deliveries, eyeglasses, prescriptions that aren’t covered by insurance and more.

How to become a member today:

  • Go here, select your free gift, and click “Join Today”
  • Create your account (important!) by answering a few simple questions
  • Start enjoying your discounts and perks!

Important: Start your membership by creating an account here and filling in all of the information (Do not skip this step!) Doing so will allow you to take up 25% off your AARP membership, making it just $12 per year with auto-renewal.

Become an AARP member now

Lake City

Felix Mizioznikov/Adobe Aerial image Lake City Florida

If you want a quiet suburban feel, look in Lake City. The median home price is $258,174, but modest homes can be found for under $200,000. 

You’ll get the four seasons of North Florida and proximity to major cities like Gainesville and Jacksonville but with a more relaxed way of life.

Lauderdale Lakes

Kristina Blokhin/Adobe Wooden beach and cottage home

Eighty percent of homes in Lauderdale Lakes are under $200,000, one of the most affordable areas in South Florida. 

You’ll find proximity to the beach and big cities like Miami and Fort Lauderdale, and you’ll still get the urban feel and community of the surrounding areas. You can also find great deals on condos under $200,000 here, often with community pools.

Lauderhill

Joni/Adobe A neighborhood amenity complex

Right outside Fort Lauderdale, you’ll find Lauderhill, an urban area where 70% of homes are under $200,000. Most residents are homeowners, which gives the area a more community-driven feel, and you can buy an affordable condo with amenities.

Resolve $10,000 or more of your debt

Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.

National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1

How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.

Try it

Deltona

bilanol/Adobe Street traffic with driving cars

If your idea of a high quality of life includes spending time outdoors, look to Deltona, where you’ll enjoy areas like Green Springs Park and Deltona Lake. 

This city north of Orlando has single-family homes and condos under $200,000. Plus, the grandkids will always be up for a visit if it includes a trip to Disney!

Pensacola

Andy/Adobe Pensacola Beach in Florida

You’ll find mild winters and gorgeous Florida beaches in Pensacola, but the biggest appeal is its low cost of living and affordable housing. 

The median house price is $263,605, but you’ll find updated single-family homes for under $200,000.

Gainesville

SeanPavonePhoto/Adobe gainesville florida

Gainesville is a lovely place to live if you want a college-town feel with outdoor activities and culture. 

There’s the Gainesville Historic District, Butterfly Rainforest, and Paynes Prairie Preserve State Park to explore, but the real highlight is a median house price of $287,950. If you’re in the market for a condo, you can find options under $200,000.

Pine Hills

gstockstudio/Adobe A father and daughter playing tennis

Pine Hills is close to Orlando but much more affordable, with a median home price of $286,250. 

The area has a suburban feel and areas like Barnett Park, which has trails, sports courts, and more. You’ll find condos here for under $200,000.

Daytona Beach

Felix Mizioznikov/Adobe Summer time in Daytona Beach

Daytona Beach may be known for spring break and its motor speedway, but it’s also a great place to live, thanks to relaxing beaches, a bustling boardwalk, and shopping and restaurants. 

The median home price is $294,990, and you can find condos for well under $200,000, including those with beachfront views.

Panama City

Robert Hainer/Adobe Panama City Beach Florida

You’ll find diversity and community in Panama City, where the median home price is $281,275. It’s also known for its affordable healthcare, which is a key deciding factor if you’re looking at retirement spots. 

You can even find condos in waterfront communities here for under $200,000 — imagine your morning walks along the beach.

Earn cash back on everyday purchases with this rare account

Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!2

With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!

This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.

Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.

Apply for a Discover Cashback Checking account today

Poinciana

Iskycreations/Wirestock Creators/Adobe Aerial shot of splendid sunset

The Nature Conservancy’s Disney Wilderness Preserve is a favorite amenity for active walkers in Poinciana. This city in central Florida is also known for its affordability. You’ll find updated condos here for under $200,000.

Lakeland

Feng/Adobe Landscape of lake Morton

Lakeland is a city near Tampa. It has everything from the Florida Children’s Museum to Lake Parker to Hollis Garden. 

Yet it’s also an affordable place to live. You can find homes here for under $200,000, including small yet updated single-family houses.

Jacksonville

SeanPavonePhoto/Adobe jacksonville, florida, usa city skyline

Jacksonville is a fast-growing city that is still relatively affordable, with a median home price of $297,741. You’ll find great beaches, outdoor activities, and less expensive healthcare here. But you’ll also find renovated condos under $200,000.

Kissimmee

JavierArtPhotography/Adobe aerial view of Kissimmee Florida

Kissimmee has a higher median home price at $381,359, but many properties remain to be found on a budget. 

You’ll be just a stone’s throw from amusement parks and recreation but with a slightly quieter way of life. You can even find a darling small single-family house for under $200,000 here.

Edgewater

Irina Schmidt/Adobe Two little kids having fun

Edgewater is desirable thanks to its location, which is close to the beach and has a small-town feel. Its affordability is another factor that draws in transplants, including retirees. A single-family home costs under $200,000 here.

Melbourne

Jan Nonog/Adobe Boats heading out into Biscayne Bay

Melbourne is known for its stunning coastline, which is perfect for those who love beach days and outdoor recreation. You’ll find golf, fishing, and snorkeling here — all perfect activities if you’re eyeing Florida for retirement. You’ll also find condos for under $200,000 in Melbourne.

Bottom line

peopleimages.com/Adobe Family relaxing in home

The lack of an income tax in Florida is one of the main draws for many transplants, but make sure to prepare yourself financially and balance those savings with the areas where you may have higher expenses. 

Homeowners insurance and utility bills are two areas where you will spend more than in other states.

Lucrative, Flat-Rate Cash Rewards

5.0
info

Wells Fargo Active Cash® Card

Current Offer

$200 cash rewards bonus after spending $500 in purchases in the first 3 months

Annual Fee

$0

Rewards Rate

Earn unlimited 2% cash rewards on purchases

Benefits and Drawbacks
Card Details


Author Details

Heather Bien

Heather Bien is a writer covering personal finance and budgeting and how those relate to life, travel, entertaining, and more. With bylines that include The Spruce, Apartment Therapy, and mindbodygreen, she's covered everything from tax tips for freelancers to budgeting hacks to how to get the highest ROI out of your home renovations.