9 Florida Cities Where You Can Buy a Home for $150K or Less
If you’re on the hunt for affordable homes in Florida, this task may seem impossible, especially when you factor in rising prices in hot markets like Miami, Tampa and Orlando. But don’t lose hope, as there are still several cities where first-time or seasoned homebuyers can find property for $150,000 or less. It doesn’t matter whether you’re looking for your dream retirement home or a fixer-upper, as a good deal is a good deal.
Whether you're searching for cheap Florida real estate, investment opportunities or a full‑time residence that fits your budget, these nine cities offer some of the best housing deals in Florida. From quiet coastal communities to up‑and‑coming inland towns, this list highlights where your money stretches furthest, and why these areas remain some of the smartest places to buy a home in the Sunshine State.
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Key Findings
Florida home values come in higher than the national average. The average home value in Florida is $393,302 compared to an average of $361,045 in the United States.
Typically, you put a 20% down payment on a house when buying. The average 20% down payment in Florida is $78,660, whereas the national average for a 20% down payment on a home is $72,209.
Even with just a 5% down payment, every city on this list has an average mortgage payment coming in under $1,000 per month.
1. Gretna
Average home value: $84,137
20% down payment: $16,827
Monthly mortgage payment with 20% down: $410
10% down payment: $8,414
Monthly mortgage payment with 10% down: $461
5% down payment: $4,207
Monthly mortgage payment with 5% down: $487
2. Chattahoochee
Average home value: $109,283
20% down payment: $21,857
Monthly mortgage payment with 20% down: $533
10% down payment: $10,928
Monthly mortgage payment with 10% down: $599
5% down payment: $5,464
Monthly mortgage payment with 5% down: $632
3. Malone
Average home value: $127,094
20% down payment: $25,419
Monthly mortgage payment with 20% down: $619
10% down payment: $12,709
Monthly mortgage payment with 10% down: $697
5% down payment: $6,355
Monthly mortgage payment with 5% down: $736
4. Campbellton
Average home value: $129,662
20% down payment: $25,932
Monthly mortgage payment with 20% down: $632
10% down payment: $12,966
Monthly mortgage payment with 10% down: $711
5% down payment: $6,483
Monthly mortgage payment with 5% down: $750
5. Cottondale
Average home value: $135,591
20% down payment: $27,118
Monthly mortgage payment with 20% down: $661
10% down payment: $13,559
Monthly mortgage payment with 10% down: $743
5% down payment: $6,780
Monthly mortgage payment with 5% down: $785
6. Fountain
Average home value: $138,832
20% down payment: $27,766
Monthly mortgage payment with 20% down: $677
10% down payment: $13,883
Monthly mortgage payment with 10% down: $761
5% down payment: $6,942
Monthly mortgage payment with 5% down: $804
7. Blountstown
Average home value: $145,237
20% down payment: $29,047
Monthly mortgage payment with 20% down: $708
10% down payment: $14,524
Monthly mortgage payment with 10% down: $796
5% down payment: $7,262
Monthly mortgage payment with 5% down: $841
8. Cross City
Average home value: $145,628
20% down payment: $29,126
Monthly mortgage payment with 20% down: $710
10% down payment: $14,563
Monthly mortgage payment with 10% down: $798
5% down payment: $7,281
Monthly mortgage payment with 5% down: $843
9. Bonifay
Average home value: $147,614
20% down payment: $29,523
Monthly mortgage payment with 20% down: $719
10% down payment: $14,761
Monthly mortgage payment with 10% down: $809
5% down payment: $7,381
Monthly mortgage payment with 5% down: $854
Methodology: For this piece, MonleyLion used Zillow's November 2025 data to find all cities within Florida with home values below $150,000. With these cities isolated, MoneyLion found the monthly mortgage prices with someone paying 20%, 15%, 10% and 5% down payments, respectively. For these calculations, MoneyLion assumed a 30-year fixed-rate mortgage at 6.15%, as sourced from Freddie Mac, with no PMI, no HOA, and no property taxes. All data was collected and is up to date as of Jan. 6, 2026.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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