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$400,000 budget can no longer stretch as far as it used to in many Florida cities due to rising demand and limited inventory. With over 1 million people moving to the state since 2020, median home prices have climbed past the $400,000 mark in several desirable areas.

    Bradenton, once a quieter alternative to Sarasota, has become a sought-after destination for buyers seeking Gulf Coast charm without the premium price tag. However, as demand rises, so do home prices, making it harder for buyers to find move-in-ready homes within their budget.

    Cape Coral and Fort Myers have long been attractive for their Gulf Coast locations and laid-back lifestyle. While the median price is below $400,000, buyers at this price point are often settling for smaller homes or fixer-uppers due to rising prices driven by waterfront living and new construction.

    In Lake Nona, many families are moving from Orlando's congestion while still being close to job opportunities. However, homeowners association fees are climbing in newer developments, and many homes need updates.

    The Miami suburb of Homestead offers suburban living with access to the city, making it a more affordable alternative for those priced out of the metro area. Despite its affordability, prices have skyrocketed due to high demand, but hurricane risks remain a concern.

    In Port St. Lucie, prices have increased significantly, driven by its proximity to amenities in Fort Lauderdale and West Palm Beach. However, buyers at this price point are often settling for smaller homes or fixer-uppers due to rising costs.

    Average home sale prices in these cities range from $386,800 to $485,000, making it challenging for buyers to find move-in-ready homes within their budget.