Florida’s Share Of Homes Under $200,000 Falls To 16 Percent

 

TALLAHASSEE, Florida (FLAN 35) — Florida’s supply of owner-occupied homes valued below $200,000 has become a much smaller share of the state’s housing stock, according to a five-year analysis of Census Bureau estimates.

In 2019, approximately 37.54% of Florida’s owner-occupied homes were valued below $200,000. By 2024, that share had fallen to 16.01%, a decline of 21.52 percentage points.

The estimated number of homes below the threshold dropped from nearly 1.97 million to about 996,000. Meanwhile, Florida’s total owner-occupied housing stock grew from approximately 5.24 million to 6.22 million homes.

The findings highlight a major change in the price distribution of Florida’s housing market, which includes communities ranging from major metropolitan areas to smaller inland towns and rural communities.

The study by Underwood Law Firm analyzed American Community Survey table B25075 for 2019 and 2024. Researchers defined affordable homes for this analysis as owner-occupied properties valued below a fixed $200,000 threshold.

The figures are estimates, not a count of homes currently available for purchase. A decline does not mean nearly one million homes were demolished or otherwise removed from the market. Properties appreciating above the threshold can contribute to the change.

Because the threshold was not adjusted for inflation, the findings also do not measure affordability relative to household incomes or purchasing power.

For Florida residents, the data offers a snapshot of how dramatically the state’s lower-value owner-occupied housing stock has changed.