Florida, the Sunshine State, is known for its beautiful sandy beaches, warm weather, and laid-back living. For those looking to relocate or invest in Florida properties, affordability is often a top priority. We have compiled a list of the 10 most affordable beach towns in Florida for 2023, providing a perfect blend of low-cost investment homes and economic living. Let’s dive into these attractive, sunny destinations!
Fort Pierce
Fort Pierce is a beautiful town on the Treasure Coast of Florida, offering affordable living without compromising on quality. With its mesmerizing beaches, friendly community, and a wide range of cultural attractions, it’s no wonder that Fort Pierce is considered one of the cheapest places to live in Florida. The median home price in this area is surprisingly low compared to other Florida cities, making it a popular choice for potential investors.
Median Property Prices in Fort Pierce:
Single-Family Median Home Sales Price: $268,500
Multi-Family Median Home Sales Price: $225,000
*Data YTD to March 2023
Englewood
Located on the Gulf Coast between Tampa and Fort Myers, Englewood is a hidden gem that offers a serene and tranquil atmosphere. The town’s stunning beaches and crystal-clear waters make it an attractive destination for those looking for a low-cost investment home. The affordability of Englewood’s real estate market and its low cost of living are just icing on the cake for those who dream of living in a beautiful oceanfront town.
Median Property Prices in Englewood:
Single-Family Median Home Sales Price: $393,500
Multi-Family Median Home Sales Price: $317,500
*Data YTD to March 2023
Daytona Beach
Daytona Beach is undoubtedly one of Florida’s most famous beach towns, attracting tourists from all around the world with its unique combination of beautiful sandy shores and exhilarating motorsports attractions. In addition to being a popular vacation destination, Daytona Beach also boasts an affordable real estate market, offering attractive housing prices that cater to various budgets.
Median Property Prices on Daytona Beach:
Single-Family Median Home Sales Price: $326,418
Multi-Family Median Home Sales Price: $177,000
*Data YTD to March 2023
Fort Walton Beach
Situated in the Florida Panhandle, Fort Walton Beach is a family-friendly community with beautiful beaches and a charming historical downtown area. Its excellent school system and low crime rate make Fort Walton Beach an attractive place for families who wish to settle in a safe and affordable neighborhood. Plus, the city’s delightful cultural events and recreational opportunities mean you’ll never run out of things to do!
Median Property Prices on Fort Walton Beach:
Single-Family Median Home Sales Price: $310,000
Multi-Family Median Home Sales Price: $239,500
*Data YTD to March 2023
Vero Beach
Vero Beach is yet another affordable beach town on Florida’s Treasure Coast, known for its lush landscapes, rich cultural scene, and of course – its stunning beaches! In addition to lower-than-average home prices, the cost of living in Vero Beach is also quite affordable, making it an attractive choice for both retirees and families seeking a more economical lifestyle.
Median Property Prices on Vero Beach:
Single-Family Median Home Sales Price: $607,500
Multi-Family Median Home Sales Price: $482,250
*Data YTD to March 2023
Pensacola Beach
Located on Santa Rosa Island, Pensacola Beach provides a charming blend of coastal living and southern charm. This picturesque beach town offers incredibly affordable housing options when compared to other Florida beach towns. Pensacola Beach’s beautiful white sand beaches, historic landmarks, and friendly community make it an ideal place to live or invest in a low-cost home.
Median Property Prices on Pensacola Beach:
Single-Family Median Home Sales Price: $346,500
Multi-Family Median Home Sales Price: $352,250
*Data YTD to March 2023
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Clearwater Beach
Just a short drive from the Tampa Bay metropolitan area, Clearwater Beach offers the perfect balance of small-town charm and big-city amenities. Famous for its strikingly beautiful beaches and magnificent sunsets, this town also boasts surprisingly affordable real estate options. The cost of living in Clearwater Beach is quite reasonable, making it one of the most desirable destinations for those seeking a more affordable beach lifestyle.
Median Property Prices on Clearwater Beach:
Single-Family Median Home Sales Price: $415,000
Multi-Family Median Home Sales Price: $330,000
*Data YTD to March 2023
New Smyrna Beach
New Smyrna Beach, located on Florida’s Atlantic coast, is a vibrant beach town with a rich history, an artistic community, and breathtaking scenery. This charming town boasts a variety of water sports activities, including surfing, kayaking, and paddleboarding. With its low median home price and the cost of living being below the national average, New Smyrna Beach is an attractive option for those looking to purchase a home on the beach without breaking the bank.
Median Property Prices on New Smyrna Beach:
Single-Family Median Home Sales Price: $401,500
Multi-Family Median Home Sales Price: $425,000
*Data YTD to March 2023
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Cocoa Beach
Cocoa Beach is a beach town known for its surfing culture, eclectic dining options, and stunning ocean views. Home to the world-famous Ron Jon Surf Shop and the Kennedy Space Center, Cocoa Beach offers a unique blend of outdoor recreation and educational attractions. The median home price in Cocoa Beach is slightly higher than some of the other towns on this list, but it’s still affordable compared to other Florida beach towns.
Median Property Prices on Cocoa Beach:
Single-Family Median Home Sales Price: $628,500
Multi-Family Median Home Sales Price: $321,000
*Data YTD to March 2023
Destin
Destin, located on Florida’s Emerald Coast, is a picturesque beach town that boasts some of the most beautiful beaches in the world. With its crystal-clear waters and white sand beaches, it’s no surprise that Destin attracts thousands of tourists every year. Although the median home price in Destin is higher than some of the other beach towns on this list, the town’s low cost of living and the potential for high rental income make it an attractive option for investors.
Median Property Prices on Destin Beach:
Single-Family Median Home Sales Price: $629,500
Multi-Family Median Home Sales Price: $629,500
*Data YTD to March 2023
In conclusion, Florida offers many affordable beach towns that cater to a range of lifestyles and budgets. Whether you’re looking to relocate, retire, or invest in a vacation home, these ten beach towns are excellent options that offer a perfect combination of affordability, beauty, and fun.
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10 Most Affordable Beach Towns In Florida {2023}
Florida, the Sunshine State, is known for its beautiful sandy beaches, warm weather, and laid-back…