ReAlpha names Lake City Florida's most affordable city in 10-city housing analysis
AIRE•ReAlpha's 2024 analysis found Lake City had the lowest median home value among 10 affordable Florida locations, at $184,900, compared with the statewide median of $359,000.
1. Florida home values
ReAlpha's analysis identified 10 Florida locations with median home values below the statewide median of $359,000. Lake City's median was $184,900, followed by Ocala at $219,900. The analysis said inland locations generally have lower home values and less flood exposure than coastal alternatives; Florida homeowners insurance averaged near $3,700 annually in 2024, with coastal properties generally costing more to insure.
