The median home price in Florida ($379k) is below the national median ($420k), suggesting Florida might be undervalued. Of the 22 metro areas in Florida, 19 are priced below the national median. Naples is the priciest at $589k, while Sebring is the most affordable at $247k. Despite concerns about high insurance costs, which are a challenge across many states, Florida's insurance market has recently stabilized, and the state ranks 21st for insurance cost growth in 2024. Additionally, Florida benefits from factors like the homestead exemption capping property tax increases, relatively low overall property taxes, and no state income tax. While Florida is not without its issues, these factors contribute to a favorable outlook for continued real estate growth.