Published: June 17, 2019
Using data from Zillow, GOBankingRates analyzed the median list price of homes across the nation to determine how much home you can buy for $300,000 in every state, not counting taxes, fees and other home-buying costs.
Florida falls below the national average of 1,967 square feet for a $300,000 home, and for its median list price of $229,000. The average size home in Florida is 1,375 square feet, according to GOBankingRates. Nationwide, the median list price is $285,000 and the average cost per square foot is $152.51.
According to GOBankingRates, Florida's median price per square foot has been rising, but that's true of all states. Florida's median price per square foot rose 40.8% from $118.18 in March 2014 to $166.55 in March 2019. That is faster than the five-year growth of the U.S. overall, which rose 31.7% from $115.81 to $152.51 during the same period.
However, when looking at the two-year change from 2017-2019, Florida's price per square foot grew by just 7.9%, and only by 2.6% from 2018-2019, while for the U.S. at large, the price per square foot rose by 12.4% and 6.1% respectively. Thus, even though Florida's price per square foot has been rising, its slower rate recently is a good sign for prospective homebuyers. "With no state income tax, you're still getting the bang for your buck by staying in Florida," said GOBankingRates.