Sumter County Among Best Places to Own Home in Florida

The decision to rent or buy a home can be a challenging one for anyone looking to move. However, a study from SmartAsset, a New York financial technology company, makes it easier by determining which markets are the best for buyers. Sumter County made the rankings at number 1 in Florida. The second annual study compares average rent and home prices in counties across the US to find the places where buying makes the most sense.

For a more detailed look at the rankings in Florida check the table below:

RankCountyBreakeven YearAvg. Monthly Mortgage PaymentAvg. Monthly RentAvg. Home PriceRent vs. Buy Index
1Sumter, FL2.1$546$1,260$134,71989.9
2Highlands, FL2.2$457$1,111$112,78989.0
3Hernando, FL2.3$577$1,364$142,40287.8
4Bradford, FL2.3$365$948$90,09887.4
5Suwannee, FL2.4$369$965$91,01986.7
6Union, FL2.4$309$858$76,29386.6
7Levy, FL2.4$361$964$88,95886.0
8Gilchrist, FL2.5$502$1,268$123,85885.2
9Putnam, FL2.5$285$839$70,37585.1
10Columbia, FL2.6$467$1,222$115,25984.7