Sumter County Among Best Places to Own Home in Florida
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:
| Rank | County | Breakeven Year | Avg. Monthly Mortgage Payment | Avg. Monthly Rent | Avg. Home Price | Rent vs. Buy Index |
|---|---|---|---|---|---|---|
| 1 | Sumter, FL | 2.1 | $546 | $1,260 | $134,719 | 89.9 |
| 2 | Highlands, FL | 2.2 | $457 | $1,111 | $112,789 | 89.0 |
| 3 | Hernando, FL | 2.3 | $577 | $1,364 | $142,402 | 87.8 |
| 4 | Bradford, FL | 2.3 | $365 | $948 | $90,098 | 87.4 |
| 5 | Suwannee, FL | 2.4 | $369 | $965 | $91,019 | 86.7 |
| 6 | Union, FL | 2.4 | $309 | $858 | $76,293 | 86.6 |
| 7 | Levy, FL | 2.4 | $361 | $964 | $88,958 | 86.0 |
| 8 | Gilchrist, FL | 2.5 | $502 | $1,268 | $123,858 | 85.2 |
| 9 | Putnam, FL | 2.5 | $285 | $839 | $70,375 | 85.1 |
| 10 | Columbia, FL | 2.6 | $467 | $1,222 | $115,259 | 84.7 |
