What is the cheapest Florida city to buy an investment property?

Of the 15 cities on this list, Lake City has the lowest median closed price at $196,000, measured across 138 closings tracked inside the city limits.

Which affordable Florida market has the most transaction volume?

Deerfield Beach, with 1,180 tracked closings and a median closed price of $220,000. More closings means a deeper comparable set to price against.

Do these rankings include rent or cash flow figures?

No. Resideline does not have verified rent data for these cities, so this page ranks on entry price and transaction volume only. Publishing yields or cash-on-cash figures without rent data would be invention rather than analysis.

Do these figures cover the city or the wider postal area?

The city. Every median and count here describes closings inside the municipal boundary, which is usually a smaller and different footprint from the postal area that shares the name.

Best Places to Buy Rental Property in Florida (2026)

There is no honest way to rank Florida cities by rental return without rent data, and this page does not have it. What it does have is transaction evidence: the median price homes actually closed at inside each city's limits, and how many closings happened. That answers the two questions that come before any cash flow analysis, what it costs to get in and whether you can get back out.

What this page measures, and what it does not

Every city below cleared at least 100 closings in its reporting window, which filters out markets too thin to read. They are ranked cheapest first by median closed price, from $196,000 to $255,000. You will not find rent estimates, rent-to-price ratios, cap rates, cash-on-cash projections or gross yield rankings here. Resideline does not have verified rent data for these cities, so publishing those numbers would be invention rather than analysis. Entry price and transaction volume are what the data supports. Every figure describes closings inside the city limits, not the wider postal area that shares the city's name. The two can differ a lot: a postal area usually reaches into surrounding townships, which pulls the median toward whatever those townships are worth. Florida's statewide median closed price is $375,000 across 277,607 tracked closings.

The rankings

City	Median closed price	Closings tracked	Window
Lake City	$196,000	138	12 months
Lauderhill	$199,000	362	6 months
Sebring	$199,000	291	12 months
New Port Richey	$202,500	194	6 months
Altamonte Springs	$215,000	375	6 months
Inverness	$215,900	253	12 months
Largo	$217,000	669	6 months
Deerfield Beach	$220,000	1,180	6 months
Hernando	$227,000	153	12 months
Fort Pierce	$232,500	493	6 months
Sun City Center	$235,000	589	6 months
Defuniak Springs	$245,000	141	12 months
Stuart	$245,000	283	6 months
Milton	$251,000	246	12 months
Hallandale Beach	$255,000	427	6 months

1. Lake City, $196,000, 138 closings

At $196,000 the entry price is about 52 percent of the Florida median. Resideline tracked 138 closings there over the last last 12 months, roughly 12 a month. That is a thin market: both your comparable set and your eventual exit depend on a small buyer pool. About 90 percent of those closings are houses, so the figure describes that segment rather than every property type. This is a low-volume market, so treat the median as directional. Full detail is on the Lake City market page.

2. Lauderhill, $199,000, 362 closings

At $199,000 the entry price is about 53 percent of the Florida median. Resideline tracked 362 closings there over the last last six months, roughly 60 a month. Full detail is on the Lauderhill market page.

3. Sebring, $199,000, 291 closings

At $199,000 the entry price is about 53 percent of the Florida median. Resideline tracked 291 closings there over the last last 12 months, roughly 24 a month. About 82 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Sebring market page.

4. New Port Richey, $202,500, 194 closings

At $202,500 the entry price is about 54 percent of the Florida median. Resideline tracked 194 closings there over the last last six months, roughly 32 a month. Full detail is on the New Port Richey market page.

5. Altamonte Springs, $215,000, 375 closings

At $215,000 the entry price is about 57 percent of the Florida median. Resideline tracked 375 closings there over the last last six months, roughly 62 a month. Full detail is on the Altamonte Springs market page.

6. Inverness, $215,900, 253 closings

At $215,900 the entry price is about 58 percent of the Florida median. Resideline tracked 253 closings there over the last last 12 months, roughly 21 a month. Full detail is on the Inverness market page.

7. Largo, $217,000, 669 closings

At $217,000 the entry price is about 58 percent of the Florida median. Resideline tracked 669 closings there over the last last six months, roughly 112 a month. Full detail is on the Largo market page.

8. Deerfield Beach, $220,000, 1,180 closings

At $220,000 the entry price is about 59 percent of the Florida median. Resideline tracked 1,180 closings there over the last last six months, roughly 197 a month. Full detail is on the Deerfield Beach market page.

9. Hernando, $227,000, 153 closings

At $227,000 the entry price is about 61 percent of the Florida median. Resideline tracked 153 closings there over the last last 12 months, roughly 13 a month. Full detail is on the Hernando market page.

10. Fort Pierce, $232,500, 493 closings

At $232,500 the entry price is about 62 percent of the Florida median. Resideline tracked 493 closings there over the last last six months, roughly 82 a month. Full detail is on the Fort Pierce market page.

11. Sun City Center, $235,000, 589 closings

At $235,000 the entry price is about 63 percent of the Florida median. Resideline tracked 589 closings there over the last last six months, roughly 98 a month. Full detail is on the Sun City Center market page.

12. Defuniak Springs, $245,000, 141 closings

At $245,000 the entry price is about 65 percent of the Florida median. Resideline tracked 141 closings there over the last last 12 months, roughly 12 a month. That is a thin market: both your comparable set and your eventual exit depend on a small buyer pool. About 99 percent of those closings are houses, so the figure describes that segment rather than every property type. This is a low-volume market, so treat the median as directional. Full detail is on the Defuniak Springs market page.

13. Stuart, $245,000, 283 closings

At $245,000 the entry price is about 65 percent of the Florida median. Resideline tracked 283 closings there over the last last six months, roughly 47 a month. Full detail is on the Stuart market page.

14. Milton, $251,000, 246 closings

At $251,000 the entry price is about 67 percent of the Florida median. Resideline tracked 246 closings there over the last last 12 months, roughly 20 a month. About 98 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Milton market page.

15. Hallandale Beach, $255,000, 427 closings

At $255,000 the entry price is about 68 percent of the Florida median. Resideline tracked 427 closings there over the last last six months, roughly 71 a month. About 80 percent of those closings are condos, so the figure describes that segment rather than every property type. Full detail is on the Hallandale Beach market page.

How to use this list

Treat it as a shortlist, not an answer. A citywide median cannot price a specific address: property type, size, condition and location move a number far more than the city line does. Run any address on this list through Resideline for the comparable set behind its value.

Figures last updated August 23, 2026 from closings Resideline tracked.