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10 Most Affordable Places to Live in South Florida in 2024 | Black Kite Express

With its tropical landscapes with miles of pristine beaches along the Atlantic Ocean, living in South Florida is a unique experience. There are many opportunities to swim, sunbathe, and practice water sports such as snorkeling and diving in the vibrant coral reefs, giving you a glimpse of life as a Florida resident.

South Florida generally includes the towns and cities of Miami-Dade County, Broward County, and Palm Beach County. So if you’re looking to buy a home in one of these areas, keep in mind that the median sales price is $510,000 in Miami-Dade County, $425,000 in Broward County, and $467,000 in Palm Beach County. If those prices are out of your budget, don’t worry.

At Redfin, we’ve compiled the 10 most affordable places to live in South Florida, and they all have a median home sales price under $425,000. Let’s dig in and see which cities made the list.

1. Lauderhill

Average house price: $210,000
Average sales price per square foot: $178
Average rent for a 1-bedroom apartment: $2,125
Median family income: $48,523
Homes for sale in Lauderhill, Florida
Apartments for rent in Lauderhill, FL

First on our list of the most affordable places to live in South Florida is Lauderhill, with a median home sale price of $210,000. Lauderhill is a vibrant city located just outside of Fort Lauderdale. The city has a population of 74,500, making it a smaller alternative to larger cities nearby. Popular attractions in Lauderhill include visiting Central Broward Regional Park, enjoying the outdoors at Veterans Park, and seeing a show at the Lauderhill Performing Arts Center.

2. Margate

Average house price: $297,500
Average sales price per square foot: $225
Average rent for a 1-bedroom apartment: $1,700
Median family income: $56,324
Homes for sale in Margate, Florida
Apartments for rent in Margate, Florida

Second on our list is Margate, with a median home sale price of $297,500. Located in Broward County, Margate is home to approximately 58,700. The city has numerous parks, including the Margate Sports Complex and Calypso Cove Water Park.

3. Tamarac

Average house price: $310,000
Average sales price per square foot: $237
Average rent for a 1-bedroom apartment: $1,500
Median family income: $59,140
Homes for sale in Tamarac, Florida
Apartments for rent in Tamarac, Florida

The city of Tamarac is located near the famous Florida Everglades. You’ll find that median home sales prices are about $310,000, making it much less expensive than Broward County median prices. Tamarac has a variety of parks, including the Tamarac Sports Complex and Waters Edge Park. Home to approximately 71,900 residents, you can also experience vibrant community events and festivals throughout the year.

4. Deerfield Beach

Average house price: $317,950
Average sales price per square foot: $262
Average rent for a 1-bedroom apartment: $1,400
Median family income: $53,741
Homes for sale in Deerfield Beach, Florida
Apartments for rent in Deerfield Beach, Florida

In fourth place is Deerfield Beach, with a median home sale price of $317,950. This city has a population of approximately 86,900 and is known for its beautiful beaches, including Deerfield Beach and Quiet Waters Park. Deerfield Beach also offers a variety of dining and entertainment options and is close to cities like Pompano Beach and Boca Raton if you want to get out and explore.

Hillsboro Inlet Lighthouse in Pompano Beach, Florida - Getty

5. Coco Creek

Average house price: $320,000
Average sales price per square foot: $244
Average rent for a 1-bedroom apartment: $1,895
Median family income: $72,740
Homes for sale in Coconut Creek, FL
Apartments for Rent in Coconut Creek, FL

Another affordable place to live in South Florida is Coconut Creek, located near Margate. With a median home sale price of $320,000 and a population of approximately 57,800, there are many reasons to consider living in Margate. The city is home to Tradewinds Park & ​​Stables and Butterfly World, the largest butterfly aviary in the world. Coconut Creek also offers a variety of outdoor recreational activities such as golf and nature trails.

6. Pámpano Beach

Average house price: $350,000
Average sales price per square foot: $290
Average rent for a 1-bedroom apartment: $1,831
Median family income: $61,155
Homes for sale in Pompano Beach, Florida
Apartments for rent in Pompano Beach, Florida

The city of Pompano Beach is known for its beautiful beaches including Pompano Beach and Hillsboro Inlet Lighthouse. The average sales price of a home is $350,000 and it has a population of approximately 112,000, making it an excellent option for those looking to live in a beachfront city.

Aerial footage of teal waves sweeping along the coast of Boynton Beach, Florida, on a weekday in February 2021.

7. Boynton Beach

Average house price: $352,500
Average sales price per square foot: $246
Average rent for a 1-bedroom apartment: $2,123
Median family income: $68,875
Homes for sale in Boynton Beach, Florida
Apartments for rent in Boynton Beach, Florida

In Palm Beach County, you’ll find Boynton Beach, with a median home sales price of $352,500. This city has a population of approximately 80,400 and is just a 25-minute drive from West Palm Beach. Boynton Beach is home to beautiful beaches, including Oceanfront Park Beach and Gulfstream Park. You can also find a variety of beachfront shopping and dining options.

8. Dawn

Average house price: $354,500
Average sales price per square foot: $266
Average rent for a 1-bedroom apartment: $1,967
Median family income: $66,001
Homes for sale in Sunrise, Florida
Apartments for rent in Sunrise, Florida

Eighth on our list is Sunrise, where the median home sales price is about $354,500. Sunrise has about 97,300 residents and is near the Everglades. The city is home to Amerant Bank Arena, a sports and entertainment arena, and Sawgrass Mills Mall, a shopping center.

9. Tamiami

Average house price: $382,000
Average sales price per square foot: $319
Median family income: $72,645
Homes for sale in Tamiami, Florida
Apartments for rent in Tamiami, Florida

In Miami-Dade County, you can find the next place, Tamiami. Located west of Miami, Tamiami has around 54,200 residents. The city is known for its proximity to Everglades National Park, which means there are plenty of outdoor recreational activities to explore.

10. North Miami

Average house price: $385,000
Average sales price per square foot: $302
Average rent for a 1-bedroom apartment: $1,700
Median family income: $49,069
Homes for sale in North Miami, FL
Apartments for rent in North Miami, FL

Last on our list of the most affordable places to live in South Florida is North Miami, with a median home sales price of $385,000. This city, located along Biscayne Bay, has about 60,200 residents. You can find iconic places like the Museum of Contemporary Art and Oleta River State Park, which offers a variety of outdoor recreational activities like kayaking. North Miami has many things to explore, making it a great area to call home.

Methodology: All cities must have more than 50,000 residents according to the US Census and have a median home sales price below the median list price in Miami-Dade, Broward and Palm Beach counties. Median home sales price and median sales price per square foot from Redfin data center for February 2024. Average rent data from Rent.com for February 2024. Population and median household income data from the United States Census Bureau.

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