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Thanks to ultra-low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in Florida?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in Florida is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in Florida

Home values have been rising throughout Florida and are up 4.64% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $237,000, Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.57%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.57% and the median home price for Florida at $237,000, a representative monthly mortgage payment would be $1,074.

How the Florida housing market stacks up

Orlando, Florida, USA downtown city skyline on Eola Lake.
ESB Professional / Shutterstock
Orlando, Florida downtown city skyline on Eola Lake

Property values in Florida are high by historical standards and are higher than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Florida, they're expected to rise 4.09%.

Homes are going on the market in Florida at a median price of $148 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Florida home prices over the last 10 years

Year Avg. Price
2019* $247,625
2018 $236,358
2017 $217,225
2016 $193,392
2015 $173,842
2014 $159,200
2013 $143,767
2012 $132,700
2011 $132,825
2010 $145,125
2009 $160,008

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Florida is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $370,000
2018 $355,000
2017 $330,000
2016 $292,500
2015 $265,000
2014 $242,500
2013 $217,500
2012 $197,500
2011 $192,500
2010 $215,000
2009 $232,500

*2019 price average through August 2019.