Florida is one of the most popular places to buy a home. However, there are some cities that are more friendly to buyers.
All cities in Florida are included. Pensacola Its beautiful location and low housing costs made it the winner. according to a recent study from GOBankingRates. The study looked at 30 hidden gems in the United States and found that the average home price in the city is $260,455. This is nearly half of the state average of $402,892.
Pensacola is a city where people who are considering moving have an average household income of $72,699, and a monthly mortgage average of $1,491. The average monthly cost of living was found to be around $3500.
In August, Pensacola’s housing market was deemed balanced with the supply and demand roughly equal. according to Realtor.com. The median home sale price rose to $299,000. This is an increase from the median price in August 2024 of $276450.
Pensacola has white-sand beaches with plenty of opportunities for outdoor sports like swimming and hiking, making it both a popular holiday destination and a place where you can settle down. The modern history of the city dates back to 16th century, when the Spanish settled to create a new colony. according to Visit Pensacola.
Popular sights include historic forts like Fort Pickens (built in the 1800s to defend the Gulf Coast) and the National Naval Aviation MuseumThe exhibition features 150 restored aircraft, including those from the Navy, Marine Corps and Coast Guard Aviation.
In addition, visitors can explore Perdido Key, a barrier island that serves as a sanctuary for local wildlife; and Pensacola Beach, which is popular with travelers who love fishing and kayaking and includes many walking paths, shops, and restaurants to enjoy.
You can also read about our Beyond FloridaGOBankingRates has been noted California You can also find out more about the following: New York Each had five cities on its list of hidden gems housing markets. Together, these cities represented one-third of all those ranked.
GOBankingRates analyzed the Zillow Home Value Index data to identify cities in the U.S. where the value for a typical single-family residence was at least $50k less than the state average. The company also considered the cost of living for each location. The data is current as of September 2.
