Housing decision brief
Suwannee County, FL Housing Market
Suwannee County screens as a below-state purchase price, below-state rent, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
17th lowest home value out of 67 Florida counties with data | 12th lowest rent out of 67
Median home value
$160,900
Purchase-price signal from Census ACS.
Median rent
$849/mo
Gross rent, including utilities where reported.
Monthly owner cost
$557/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
2.9x
Median home value divided by local household income.
Rent burden
19.0%
Below 30% usually screens as less pressured.
Rent vs own
$292/mo
Median owner cost screens below median rent.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$160,900 median home value is 37% below Florida county median
Lower rent
$849/mo is 31% below Florida county median
Rent burden below pressure line
19.00% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $292/mo below median rent before individual mortgage terms.
What to Check
Lower income base
$55,479 median income is 16% below Florida county median
Health context
Health score is 26.0 out of 100, so affordability should be weighed against local health indicators.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Renters trying to keep rent below the burden threshold
- Households weighing ownership against renting
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Households dependent on a deep local wage market
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Suwannee County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $160,900 | $254,300 | $281,900 | 37% favorable37% below Florida county median |
Median gross rent Lower usually helps affordability. | $849 | $1,230 | $1,163 | 31% favorable31% below Florida county median |
Monthly owner cost Lower usually helps affordability. | $557 | $1,041 | $1,672 | 46% favorable46% below Florida county median |
Median household income | $55,479 | $66,154 | $74,755 | 16% pressure16% below Florida county median |
Effective property-tax rate Lower usually helps affordability. | 0.73% | 0.74% | 1.02% | Near state median1% below Florida county median |
Rent burden Lower usually helps affordability. | 19.00% | 32.00% | N/A | 41% favorable19.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$21,519
Median income minus rent threshold.
Owner cushion
+$31,608
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Suwannee County offers affordable rental housing at a median of $849/month , about 18.4% of the typical household income here.
Rent vs own
Renters in Suwannee County pay $849/month on average, compared to $557/month for homeowners. This market favors buyers by about 34%.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,960/year. For owner costs at the 28% rule, the required income is roughly $23,871/year. With a median household income of $55,479, most households can comfortably afford rent here. Notably, 19.0% of renter households in Suwannee County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within Florida, Suwannee County is less affordable than Putnam County by roughly 6% ($849/mo vs $902/mo).
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Levy County, FL | $171,400 | $826/mo | Same-state comparison near $171,400 home value and $826/mo rent. |
| Washington County, FL | $156,000 | $884/mo | Same-state comparison near $156,000 home value and $884/mo rent. |
| Union County, FL | $160,400 | $846/mo | Same-state comparison near $160,400 home value and $846/mo rent. |
| Bradford County, FL | $180,300 | $838/mo | Same-state comparison near $180,300 home value and $838/mo rent. |
| DeSoto County, FL | $151,500 | $910/mo | Same-state comparison near $151,500 home value and $910/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Suwannee County
Is Suwannee County affordable for buying a home?
Is renting or owning cheaper in Suwannee County?
How much income do you need for housing in Suwannee County?
What should I double-check before moving to Suwannee County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.