Median Home Price
The average home value in Florida is $389,400, reflecting a 3.2% decrease over the past year. Explore loan options to finance your future, talk with our loan officers today.
Affordability Index
In the Miami-Fort Lauderdale metro area, typical homebuyers are now spending 44% of their household income on mortgage payments, up from about 30% between 2005 and 2021. This indicates that housing affordability remains a significant challenge in Florida.
Financed Property Types
The most commonly financed property types in Florida continue to be single-family and multi-family homes. NewFed Mortgage provides flexible loan options for a variety of homes.