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