How much house can I afford on $120,000 in Florida?
About $428,000 with 20% down ($341,000 with an FHA loan), using Florida's 0.8% property tax rate.
That is $52,142 more than the typical Florida home ($375,361), so a $120,000 salary can buy a typical home here. The payment of $2,800 covers $2,301 principal and interest, $286 property tax and $214 insurance.
Counties in Florida you can afford on $120,000
59 of 67 counties have a typical home value at or below $428,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Broward County | $422,344 | -1.6% | 0.94% |
| Franklin County | $422,234 | -2.5% | 0.63% |
| Manatee County | $408,269 | -2.5% | 0.78% |
| Gulf County | $403,845 | -1.0% | 0.63% |
| Orange County | $400,964 | -0.8% | 0.76% |
| Seminole County | $400,341 | -0.3% | 0.67% |
| Sarasota County | $399,023 | -1.7% | 0.75% |
| Sumter County | $387,784 | -0.5% | 0.78% |
| Hillsborough County | $375,501 | -0.9% | 0.81% |
| Saint Lucie County | $370,781 | -0.9% | 0.93% |
| Pinellas County | $368,917 | +0.2% | 0.7% |
| Indian River County | $363,705 | -0.9% | 0.69% |
| Lake County | $360,055 | -2.0% | 0.76% |
| Osceola County | $359,224 | -2.9% | 0.76% |
| Okaloosa County | $352,929 | +0.9% | 0.57% |
| Santa Rosa County | $350,823 | +1.5% | 0.57% |
| Flagler County | $350,266 | -0.2% | 0.76% |
| Bay County | $343,009 | -0.0% | 0.58% |
| Brevard County | $342,346 | -0.5% | 0.68% |
| Clay County | $335,274 | -0.3% | 0.72% |
| Lee County | $334,485 | -3.5% | 0.79% |
| Pasco County | $328,125 | -1.9% | 0.73% |
| Volusia County | $324,665 | -0.3% | 0.77% |
| Baker County | $314,146 | +3.4% | 0.64% |
| Gilchrist County | $306,253 | +2.4% | 0.65% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.8% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Florida
Frequently asked questions
How much house can I afford on $120,000 in Florida?
About $428,000 with 20% down at 7.11%, keeping the payment (with Florida's 0.8% property tax and insurance) under $2,800 a month.
Is $120,000 enough to buy a house in Florida?
Yes: the typical Florida home is worth $375,361 (Zillow, September 2026) and $120,000 supports about $428,000. 59 of 67 counties are within budget.