Florida offers diverse property types including single-family homes (SFH), condos, townhouses, and mobile homes. SFHs provide privacy and space, often preferred by families; median SFH price in Florida was around $420,000 in late 2023. Condos offer amenities and lower maintenance but come with HOA fees, with median condo prices varying significantly by location, potentially lower than SFHs. Townhouses blend aspects of both with shared walls and typically lower property taxes than SFHs. Mobile homes are the most affordable option but may depreciate in value and face financing challenges; average sales price approximately $150,000. The rising cost of homeowner’s insurance in Florida (average premiums exceeding $6,000 annually) significantly impacts affordability across all property types. Property taxes also vary widely by county, influencing overall housing costs. Waterfront properties command premium prices with increased vulnerability to hurricanes and flooding. Investing in flood insurance is almost essential for coastal properties.