Current home values in Florida

Home values have been rising throughout Florida and are up 1.4% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $682,669, Realtor says.

Real estate agents say would-be homebuyers in some parts of the country are starting to overcome the obstacles caused by COVID-19 and are going virtual house hunting to take advantage of today's bargain mortgage rates and the low monthly house payments they provide.

Here's how that works in Florida: Let's say you want to buy a mid-priced home using a 30-year fixed-rate mortgage at the current average interest, which is a low 3.33%, according to mortgage company Freddie Mac.

A 30-year mortgage for a $682,669 home at 3.33% would give a typical Florida homebuyer a monthly payment of $2,401, assuming a 20% down payment.

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How the Florida housing market stacks up

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Beaches in Florida provide a nice day activity for families

The state's median home value is higher than the U.S. median of $248,948, which is up 5.1% from a year ago.

While the coronavirus is expected to continue hanging over the U.S. economy like a dark cloud, Zillow forecasts that U.S. home values will rise 5.1% over the next year, while in Florida, they're predicted to rise 5.1%.

Homes right now are going on the market in Florida at a median price of $186 per square foot, versus $134 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
2020* $251,019
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

*2020 price average through March 31, 2020.

Compare current mortgage rates from top national lenders. Get the best rate for your purchase or mortgage refinance.

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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
2020* $464,727
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

*2020 price average through March 31, 2020.

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