News & Trending Mortgage & Loans News

10 Florida Cities Where You Can Buy a Home Under $350,000

Despite high housing prices, there are still some deals to be found in The Sunshine State.

By Roxana Loomes

Edited by Lauren Wellbank

Updated March 2, 2025

Housing remains expensive in the U.S. — the national median home value was $355,328 in February, and Florida’s median home value was even higher at $385,541. And, while these figures can be intimidating, you can still find homes in the Sunshine State for less than the national average.

Besides enjoying the good life in Florida’s friendly communities, relocating to this state gives you further benefits that help build wealth. They include no income tax and a lower cost of living in some areas.

If you want to enjoy a comfortable lifestyle in Florida, here are 10 cities you should keep an eye on.

Steal this billionaire wealth-building technique

The ultra-rich have also been investing in art from big names like Picasso and Bansky for centuries. And it's for a good reason: Contemporary art prices have outpaced the S&P 500 by 136% over the last 27 years.

A new company called Masterworks is now allowing everyday investors to get in on this type of previously-exclusive investment. You can buy a small slice of $1-$30 million paintings from iconic artists, all without needing any art expertise.

If you have at least $10k to invest and are ready to explore diversifying beyond stocks and bonds,see what Masterworks has on offer. (Hurry, they often sell out!)

Tampa

While the average Tampa home value is slightly above your budget at $371,271, you can still find many homes that sell for $350,000 in this vibrant community. Alternatively, you can consider ways to make cash on the side to afford your dream home.

The best part about choosing Tampa as your new home base is all the attractions you can visit.

From the Busch Gardens theme park to the Museum of Fine Arts, Tampa has something for everyone. Like the rest of the Sunshine State, the city has countless outdoor activities to enjoy and natural beauty to match.

Want to learn how to build wealth like the 1%? Sign up for Worthy to get ideas and advice delivered to your inbox.

Orlando

Orlando is a sought-after city, and its home prices reflect that. The average home value in this tourist haven is $377,005. If you’ve always dreamed of taking your family to Universal Studios, Walt Disney World Resort, and SeaWorld, here’s your chance to live close to these attractions permanently.

Orlando has many properties that sell for $350,000 and under. Besides, there’s more to living there than going to the theme parks. You can enjoy any hobby that requires sunny skies — from fishing to boating, hiking, and visiting museums and galleries.

Montura

Montura may be the best choice for those looking for a family-friendly place. It’s small, quiet, and more affordable than Tampa or Orlando. To make things better, there are plenty of free activities you can enjoy, especially if you like the great outdoors.

Montura has trails you can hike at in Big Cypress National Preserve. And, if you love fishing, you can head to Lake Okeechobee and catch your dinner. Given its median home price of $298,000, you don’t want to miss out on Montura.

Get a free stock valued between $5 to $200

Secret: You don't need thousands of dollars to buy thousand-dollar stocks or create a diverse portfolio.

Robinhood offers a method of investing called “fractional shares.” On its own, one share of a single stock could cost a lot of money, making it difficult to diversify. Robinhood allows you to buy pieces of stock instead, so you have the option to build a diverse portfolio quickly.

Let’s say you want to invest $250, as an example.

With that amount, you could build a relatively diverse portfolio with an investment of $50 in a big tech stock, $50 in a retail stock, $50 in an energy stock, $50 in a manufacturing stock, and $50 in a bank.¹ This content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial, or other advice. To get stock reward, new customers need to sign up, get approved, and link their bank account. Stock rewards shares cannot be sold until 3 trading days after the reward is granted and the cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed. Stock rewards not claimed within 60 days may expire. See full terms and conditions at <a href="https://robinhood.com/us/en/support/articles/open-account-pick-your-stock/">rbnhd.co/freestock</a>. Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement. Robinhood Gold is offered through Robinhood Financial LLC and is a membership offering premium services available for a fee.

Even better news? Add a Robinhood Gold membership, and you’ll get access to 4.00% (as of 12/27/24) APY² Annual Percentage Yield. Rate valid as of April 12, 2024. To earn interest, a cash balance is needed. If you have a margin balance, there is no cash balance to earn interest. Interest rates for cash sweep and margin investing can change at any time. Fees may reduce interest earnings. on your uninvested cash³ Interest is earned on uninvested cash swept from your brokerage account to partner banks. Partner banks pay interest on your swept cash, minus any fees paid to Robinhood. As of Nov 15, 2023, the Annual Percentage Yield (APY) that you will receive is 1.5%, or 5% for Gold customers. The APY might change at any time at the partner banks' or Robinhood's discretion. Additionally, any fees Robinhood receives may vary and are subject to change. Neither Robinhood Financial LLC nor any of its affiliates are banks. All investments involve risk and loss of principal is possible. Robinhood Financial LLC (member SIPC), is a registered broker dealer. and the ability to buy and sell stocks 24 hours a day, 5 days a week.

Open and fund a Robinhood account and earn up to $200 in stock

Lakeland

Lakeland is a perfect spot to buy a home if you’re on a budget and want long-term savings. The city has the perfect combination of cultural attractions and outdoor activities. More importantly, its overall cost of living is almost 10% cheaper than the national average.

To make things better, the median value of a home in Lakeland is $313,108 — the perfect deal if your budget is under $350,000.

Edgewater

Edgewater is another city where you can enjoy the gorgeous Florida weather and natural beauty on the cheap. Its monthly cost of living is 10% less expensive than the national average, and $297,436 can land you a home in this community.

Edgewater is also home to high-quality healthcare facilities, which makes it ideal for retirees looking to spend their golden years in Florida.

Orange Park

Orange Park is perfect if you enjoy a smaller-town vibe yet don’t want to sacrifice shopping and dining choices. This Clay County city is also close to Jacksonville and St. Augustine and is a retirement destination for many seniors.

This beautiful city is perfect for your budget, too — median home prices in Orange Park are $312,653 as of February 2025.

Grow Your $$: 11 brilliant ways to build wealth after 40

Moore Haven

Moore Haven is ideal for families who love the great outdoors. Its proximity to Lake Okeechobee means you won’t have to go far to enjoy boating, fishing, or swimming. Besides, you’ll be spoiled for choice when it comes to fresh produce and dining venues.

Median home values in the city are well under your $350,000 budget at $309,500.

Gainesville

If you enjoy the vibe of a college town, Gainesville — the home of the University of Florida — is the best choice for you. Median home values in Gainesville are $292,878, and the cost of living is significantly cheaper than the national average.

This city has a lot going for it apart from being affordable. It has a vibrant nightlife and lots of opportunities for outdoor pursuits at places like the Paynes Prairie Preserve.

Pensacola

Pensacola draws in families and retirees alike as the cheapest place to own a home in Florida by the beach. Its beautiful weather, beaches, and nature also make it a magnet for tourists.

The median home cost in Pensacola is a good $100,000 lower than your $350,000 budget at $254,255. Besides, if you move there, you’ll be able to enjoy significantly cheaper grocery prices than elsewhere in the U.S.

Earn up to a $300 bonus and grow your money with up to 3.80% APY

This powerful combination checking + savings account from SoFi® allows you to earn up to a $300 bonus with direct deposit and grow your money with up to 3.80% APY.⁴ New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. See full bonus and annual percentage yield (APY) terms at <a href="http://www.sofi.com/banking#1">sofi.com/banking#1</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of Jan. 24, 2025. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.

This is one of the top accounts we’ve seen, and offers like this can be rare. You work hard, and now it’s time to make your money work for you — with SoFi, you can grow your money with hardly any effort!

SoFi has no account or overdraft fees⁵ Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with direct deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A.  The 30-Day Evaluation Period refers to the "Start Date" and "End Date" set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the "30-Day Evaluation Period"). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY.  Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage. and additional FDIC insurance up to $2 million on deposits is available through a seamless network of participating banks.⁶ We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a> ⁷ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/terms">SoFi.com/banking/fdic/terms</a> See list of participating banks at <a href="http://sofi.com/banking/fdic/receivingbanks">SoFi.com/banking/fdic/receivingbanks</a> Plus, you can receive your paycheck up to 2 days early.⁸ Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

How to earn up to $300: Sign up and make a direct deposit within the first 25 calendar days of the promotional period, then collect a $300 cash bonus with a direct deposit of $5,000 or more.

SoFi is a Member, FDIC. ⁷ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/terms">SoFi.com/banking/fdic/terms</a> See list of participating banks at <a href="http://sofi.com/banking/fdic/receivingbanks">SoFi.com/banking/fdic/receivingbanks</a>

Open your SoFi account and set up direct deposit

Hudson

Hudson is another good spot in Florida for a budget of $350,000 or less. The median listing home price is $324,900 in this beach-front community.

Hudson is a magnet for families and retirees alike. It offers a variety of outdoor pursuits, festivals like the yearly Flora & Fauna celebration, and walkable areas and parks.

Bottom line

Florida is one of the best places to live in the U.S. if you enjoy warm weather and being close to the water. While some list prices in the Sunshine State can be eye-watering, you can still find an affordable home.

If your budget is $350,000 or less, it will only take a few smart homeowner moves to prepare yourself so that you’re able to own a home in one of the charming Florida towns on this list.

More from FinanceBuzz:

Build passive income with shares of rental homes

Ark7 - Real Estate Investing Benefits

Invest in cash-flow-generating, professionally managed rental properties without having to buy the whole property
Sell shares at will at no cost
3% sourcing fee and 8-15% monthly management fee
$20 minimum investment
Ark7 investors have earned 5%+ annualized distributions from monthly income alone⁹ The 5%+ return is the portfolio average and is based on figures since Q4 2022.

Get started