Compared to the rest of the nation, Florida’s housing market is relatively affordable. The Federal Reserve Bank of St. Louis pegs the median home sale price in the U.S. at $375,900. In Florida, the figure drops to $297,390.
But as they say in real estate, it’s all about location, location, location. And in a state as large and diverse as Florida, some locates demand prices well above the state average.
To identify the most expensive housing markets in Florida, 24/7 Wall St. reviewed data from the U.S. Census Bureau’s 2019 American Community Survey five-year estimates, ranking only census-designated places, cities, and towns with at least 5,000 residents. (All data came from the ACS except percent of population change, which we calculated using ACS data.)
The results showed that most of the priciest places can be found in the Miami area or bordering some other stretch of coastline. (These are the most expensive counties in America.)
Homes in the ultra-exclusive enclave of Fisher Island just off the shoreline of Miami, for instance, start at $500,000 and rocket to a median price of $2 million — good enough to place the barrier island town No. 1 on our list. One of the richest zip codes in the country, Fisher Island has attracted celebrities such as Oprah Winfrey and Julia Roberts. (For more on Fisher Island, see Fisher Island, population, and demographics.)
Further up the east coast is Gulf Stream, where homes also command a $2 million price tag. Even in the last-place town on our list, Miami Shores, half the homes are priced at $500,000 or more. (If you’re looking for cheaper digs, in Florida or elsewhere, see the cheapest city to buy a home in every state.)
Click here to see the most expensive housing markets in Florida.
Not all pricey towns are along the Atlantic Shores. If you want to live in Naples, expect to pay nearly $1 million for your dwelling overlooking the Gulf of Mexico. In nearby Marco Island, the median price is a comparatively reasonable $678,900. For some, those high prices may be worth the year-round sunshine, a window to an ocean view, or a celebrity sighting.
50. Miami Shores, Florida
> Median home value: $558,700
> Homes worth at least $500,000: 58.1% — #49th in Florida
> Median household income: $123,478 — #25th in Florida
> 5-year pop. change: -3.0% — #723rd in Florida
> Population: 10,459 — #318th in Florida
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49. Palmetto Bay, Florida
> Median home value: $562,300
> Homes worth at least $500,000: 60.9% — #45th in Florida
> Median household income: $123,477 — #26th in Florida
> 5-year pop. change: -0.5% — #659th in Florida
> Population: 24,333 — #158th in Florida
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48. South Miami, Florida
> Median home value: $569,300
> Homes worth at least $500,000: 61.2% — #44th in Florida
> Median household income: $62,067 — #301st in Florida
> 5-year pop. change: -0.9% — #673rd in Florida
> Population: 12,046 — #287th in Florida
47. Highland Beach, Florida
> Median home value: $591,500
> Homes worth at least $500,000: 58.7% — #47th in Florida
> Median household income: $115,219 — #33rd in Florida
> 5-year pop. change: +6.3% — #383rd in Florida
> Population: 3,885 — #527th in Florida
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46. Belleair Beach, Florida
> Median home value: $593,800
> Homes worth at least $500,000: 59.1% — #46th in Florida
> Median household income: $84,028 — #114th in Florida
> 5-year pop. change: -11.9% — #824th in Florida
> Population: 1,485 — #700th in Florida
45. Windermere, Florida
> Median home value: $595,000
> Homes worth at least $500,000: 61.3% — #43rd in Florida
> Median household income: $153,348 — #11th in Florida
> 5-year pop. change: +10.4% — #258th in Florida
> Population: 3,430 — #551st in Florida
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44. Bay Hill, Florida
> Median home value: $602,100
> Homes worth at least $500,000: 58.5% — #48th in Florida
> Median household income: $133,996 — #20th in Florida
> 5-year pop. change: -4.4% — #744th in Florida
> Population: 4,909 — #471st in Florida
43. Key Colony Beach, Florida
> Median home value: $603,000
> Homes worth at least $500,000: 66.5% — #38th in Florida
> Median household income: $100,192 — #56th in Florida
> 5-year pop. change: -27.7% — #883rd in Florida
> Population: 534 — #817th in Florida
42. Key West, Florida
> Median home value: $611,400
> Homes worth at least $500,000: 62.0% — #41st in Florida
> Median household income: $69,630 — #225th in Florida
> 5-year pop. change: -2.1% — #698th in Florida
> Population: 24,843 — #154th in Florida
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41. Parkland, Florida
> Median home value: $611,800
> Homes worth at least $500,000: 67.2% — #36th in Florida
> Median household income: $154,844 — #10th in Florida
> 5-year pop. change: +16.0% — #171st in Florida
> Population: 31,454 — #128th in Florida
40. North Redington Beach, Florida
> Median home value: $616,500
> Homes worth at least $500,000: 65.0% — #39th in Florida
> Median household income: $72,981 — #197th in Florida
> 5-year pop. change: -16.3% — #846th in Florida
> Population: 1,242 — #723rd in Florida
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39. Holmes Beach, Florida
> Median home value: $618,400
> Homes worth at least $500,000: 67.5% — #34th in Florida
> Median household income: $73,525 — #194th in Florida
> 5-year pop. change: +4.9% — #443rd in Florida
> Population: 4,243 — #506th in Florida
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38. Surfside, Florida
> Median home value: $625,500
> Homes worth at least $500,000: 69.8% — #33rd in Florida
> Median household income: $69,063 — #231st in Florida
> 5-year pop. change: -4.4% — #745th in Florida
> Population: 5,725 — #438th in Florida
37. Southwest Ranches, Florida
> Median home value: $641,800
> Homes worth at least $500,000: 72.7% — #28th in Florida
> Median household income: $124,591 — #24th in Florida
> 5-year pop. change: +3.2% — #537th in Florida
> Population: 7,921 — #371st in Florida
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36. Lake Butler, Florida
> Median home value: $642,300
> Homes worth at least $500,000: 66.7% — #37th in Florida
> Median household income: $128,695 — #23rd in Florida
> 5-year pop. change: +15.6% — #177th in Florida
> Population: 19,499 — #201st in Florida
35. Islamorada, Florida
> Median home value: $650,100
> Homes worth at least $500,000: 61.4% — #42nd in Florida
> Median household income: $82,500 — #123rd in Florida
> 5-year pop. change: +0.7% — #627th in Florida
> Population: 6,433 — #418th in Florida
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34. Marco Island, Florida
> Median home value: $678,900
> Homes worth at least $500,000: 63.8% — #40th in Florida
> Median household income: $86,215 — #100th in Florida
> 5-year pop. change: +4.0% — #498th in Florida
> Population: 17,834 — #209th in Florida
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33. South Beach, Florida
> Median home value: $699,200
> Homes worth at least $500,000: 74.0% — #25th in Florida
> Median household income: $134,917 — #19th in Florida
> 5-year pop. change: +3.3% — #532nd in Florida
> Population: 3,429 — #552nd in Florida
32. Gotha, Florida
> Median home value: $710,500
> Homes worth at least $500,000: 71.6% — #30th in Florida
> Median household income: $151,290 — #13th in Florida
> 5-year pop. change: +12.8% — #216th in Florida
> Population: 2,041 — #652nd in Florida
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31. Indian River Shores, Florida
> Median home value: $712,700
> Homes worth at least $500,000: 67.2% — #35th in Florida
> Median household income: $118,669 — #30th in Florida
> 5-year pop. change: +4.5% — #474th in Florida
> Population: 4,206 — #509th in Florida
30. Siesta Key, Florida
> Median home value: $715,000
> Homes worth at least $500,000: 70.2% — #32nd in Florida
> Median household income: $102,143 — #52nd in Florida
> 5-year pop. change: -8.0% — #790th in Florida
> Population: 5,573 — #445th in Florida
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29. Sanibel, Florida
> Median home value: $721,200
> Homes worth at least $500,000: 77.5% — #23rd in Florida
> Median household income: $108,081 — #40th in Florida
> 5-year pop. change: +6.1% — #398th in Florida
> Population: 7,319 — #383rd in Florida
28. Longboat Key, Florida
> Median home value: $740,500
> Homes worth at least $500,000: 73.6% — #26th in Florida
> Median household income: $114,762 — #34th in Florida
> 5-year pop. change: +3.0% — #542nd in Florida
> Population: 7,283 — #384th in Florida
27. Captiva, Florida
> Median home value: $778,800
> Homes worth at least $500,000: 56.5% — #50th in Florida
> Median household income: n/a
> 5-year pop. change: +7.4% — #340th in Florida
> Population: 175 — #884th in Florida
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26. Sewall’s Point, Florida
> Median home value: $785,500
> Homes worth at least $500,000: 70.7% — #31st in Florida
> Median household income: $140,625 — #17th in Florida
> 5-year pop. change: +2.0% — #577th in Florida
> Population: 2,099 — #648th in Florida
25. Coral Gables, Florida
> Median home value: $846,100
> Homes worth at least $500,000: 77.9% — #22nd in Florida
> Median household income: $100,843 — #55th in Florida
> 5-year pop. change: +0.3% — #639th in Florida
> Population: 50,226 — #77th in Florida
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24. Pine Ridge (Collier County), Florida
> Median home value: $865,900
> Homes worth at least $500,000: 53.6% — #52nd in Florida
> Median household income: $111,655 — #35th in Florida
> 5-year pop. change: -16.6% — #848th in Florida
> Population: 1,662 — #682nd in Florida
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23. Duck Key, Florida
> Median home value: $866,100
> Homes worth at least $500,000: 73.0% — #27th in Florida
> Median household income: $68,750 — #234th in Florida
> 5-year pop. change: +11.4% — #236th in Florida
> Population: 741 — #778th in Florida
22. Anna Maria, Florida
> Median home value: $888,000
> Homes worth at least $500,000: 91.0% — #10th in Florida
> Median household income: $74,000 — #188th in Florida
> 5-year pop. change: -41.0% — #898th in Florida
> Population: 719 — #781st in Florida
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21. Pinecrest, Florida
> Median home value: $949,400
> Homes worth at least $500,000: 88.9% — #13th in Florida
> Median household income: $156,875 — #9th in Florida
> 5-year pop. change: +0.4% — #637th in Florida
> Population: 19,244 — #203rd in Florida
20. Pelican Bay, Florida
> Median home value: $983,600
> Homes worth at least $500,000: 86.6% — #16th in Florida
> Median household income: $141,856 — #15th in Florida
> 5-year pop. change: +17.4% — #148th in Florida
> Population: 6,140 — #429th in Florida
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19. Naples, Florida
> Median home value: $988,500
> Homes worth at least $500,000: 72.6% — #29th in Florida
> Median household income: $107,013 — #44th in Florida
> 5-year pop. change: +5.9% — #406th in Florida
> Population: 21,812 — #187th in Florida
18. Ocean Ridge, Florida
> Median home value: $993,200
> Homes worth at least $500,000: 74.7% — #24th in Florida
> Median household income: $101,750 — #53rd in Florida
> 5-year pop. change: -0.7% — #666th in Florida
> Population: 1,579 — #695th in Florida
17. Golf, Florida
> Median home value: $1,075,000
> Homes worth at least $500,000: 85.8% — #17th in Florida
> Median household income: $231,875 — #2nd in Florida
> 5-year pop. change: +47.6% — #43rd in Florida
> Population: 251 — #863rd in Florida
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16. Lazy Lake, Florida
> Median home value: $1,107,100
> Homes worth at least $500,000: 100% — #3rd in Florida
> Median household income: $250,000+ — #1st in Florida
> 5-year pop. change: -15.2% — #842nd in Florida
> Population: 28 — #913th in Florida
15. Sea Ranch Lakes, Florida
> Median home value: $1,167,800
> Homes worth at least $500,000: 89.7% — #11th in Florida
> Median household income: $206,667 — #4th in Florida
> 5-year pop. change: -18.1% — #853rd in Florida
> Population: 574 — #805th in Florida
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14. Orchid, Florida
> Median home value: $1,176,200
> Homes worth at least $500,000: 98.3% — #4th in Florida
> Median household income: $139,611 — #18th in Florida
> 5-year pop. change: +38.0% — #57th in Florida
> Population: 516 — #819th in Florida
13. Palm Beach, Florida
> Median home value: $1,177,100
> Homes worth at least $500,000: 79.3% — #21st in Florida
> Median household income: $141,348 — #16th in Florida
> 5-year pop. change: +3.6% — #517th in Florida
> Population: 8,723 — #352nd in Florida
12. Key Biscayne, Florida
> Median home value: $1,211,000
> Homes worth at least $500,000: 88.3% — #14th in Florida
> Median household income: $151,310 — #12th in Florida
> 5-year pop. change: +0.2% — #640th in Florida
> Population: 12,915 — #272nd in Florida
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11. Bal Harbour, Florida
> Median home value: $1,267,600
> Homes worth at least $500,000: 80.7% — #20th in Florida
> Median household income: $76,962 — #161st in Florida
> 5-year pop. change: +12.2% — #222nd in Florida
> Population: 3,004 — #581st in Florida
10. Jupiter Inlet Colony, Florida
> Median home value: $1,387,500
> Homes worth at least $500,000: 95.3% — #6th in Florida
> Median household income: $145,000 — #14th in Florida
> 5-year pop. change: -2.3% — #707th in Florida
> Population: 381 — #841st in Florida
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9. Jupiter Island, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 89.6% — #12th in Florida
> Median household income: $193,333 — #6th in Florida
> 5-year pop. change: +22.4% — #119th in Florida
> Population: 803 — #770th in Florida
8. North Key Largo, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 93.8% — #7th in Florida
> Median household income: $121,667 — #27th in Florida
> 5-year pop. change: -13.5% — #833rd in Florida
> Population: 886 — #760th in Florida
7. Belleair Shore, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 84.8% — #18th in Florida
> Median household income: $176,250 — #8th in Florida
> 5-year pop. change: +29.0% — #87th in Florida
> Population: 80 — #903rd in Florida
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6. Golden Beach, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 95.4% — #5th in Florida
> Median household income: $193,000 — #7th in Florida
> 5-year pop. change: -7.1% — #778th in Florida
> Population: 659 — #793rd in Florida
5. Manalapan, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 91.0% — #9th in Florida
> Median household income: $201,250 — #5th in Florida
> 5-year pop. change: +14.3% — #194th in Florida
> Population: 303 — #856th in Florida
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4. Windsor, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 87.4% — #15th in Florida
> Median household income: n/a
> 5-year pop. change: +38.9% — #56th in Florida
> Population: 218 — #874th in Florida
3. Indian Creek, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 83.3% — #19th in Florida
> Median household income: n/a
> 5-year pop. change: -26.7% — #880th in Florida
> Population: 44 — #912th in Florida
2. Gulf Stream, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 93.0% — #8th in Florida
> Median household income: $216,250 — #3rd in Florida
> 5-year pop. change: +55.5% — #38th in Florida
> Population: 1,053 — #740th in Florida
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1. Fisher Island, Florida
> Median home value: $2 million+
> Homes worth at least $500,000: 100% — #1st in Florida
> Median household income: n/a
> 5-year pop. change: +65.1% — #31st in Florida
> Population: 383 — #840th in Florida
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