Building Costs Per Square Foot in the State of Florida – Single Family Homes

Newly Built 3 Bedroom House on 4985 Timber Ridge Drive Milton Florida 32571 Price 350000 USD

Built in 2021 and Nearing Completion  – Newly Built 3 Bedroom House with 2 Bathrooms (2000 sqft Floor), Brick Veneer Walls, Frame and Vinyl Siding  Construction with Shingle  Roof on 4985 Timber Ridge Drive Milton Florida 32571 – Price $350,000 USD

As of 2024, building costs in the state of Florida are -4% below the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of Florida, USA

  • Class 1 – Luxury Homes – $372.35 to $583.75 per sqft
  • Class 2 – Semi Luxury Homes – $226.31 to $354.77 per sqft
  • Class 3 – Best Standard Homes – $146.38 to $227.24 per sqft
  • Class 4 – Good Standard Homes – $106.75 to $167.43 per sqft
  • Class 5 – Average Standard Homes – $86.67 to $135.73 per sqft
  • Class 6 – Minimum Standard  Homes – $68.37 to $107.15 per sqft
Florida Single Family Houses 2024 Building Costs

Florida Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of Florida, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

  • Best Quality Housing – $134.56 to $154.45 per sqft
  • Good Quality Housing – $113.13 to $136.27 per sqft
  • Average Quality Housing – $91.32 to $118.68 per sqft
  • Low Average Quality Housing – $77.18 to $103.40 per sqft
  • Lowest Quality Housing – $66.19 to $91.47 per sqft
Florida Manufactured Housing 2024 Building Costs

Florida Manufactured Housing 2024 Building Costs

 

2020 Building Costs Per Square Foot in the State of Florida, USA

  • Construction Outlook in Florida

  • House Price Index in Florida (Federal Reserve Economic Data 2010 to 2021)

  • Number of New Single Family Homes in Florida 1980 to 2020 (TAMU)

  • Number of New Single Family Homes in Florida 1980 to 2020 (TAMU)

  • Average Price of New Single Family Homes in Florida 1980 to 2020 (TAMU)

  • Number of New Multi-Family Homes for 2 to 4 Families in Florida 1980 to 2020 (TAMU)

  • Average Price of New Multi-Family Homes for 2 to 4 Families in Florida 1980 to 2020 (TAMU)

  • Number of New Multi-Family Homes for 5+ Families in Florida 1980 to 2020 (TAMU)

  • Average Price of New Multi-Family Homes for 5+ Families in Florida 1980 to 2020 (TAMU)

  • Building Costs Per Square Foot in the State of Florida for Luxury, Semi-Luxury, Best Standard, Good Standard, Average Standard and Minimum Standard Homes Single Family Homes

  • List of 23 Metropolitan Areas/Cities in Florida – Percentage Deviation of the City/Town Building Cost from the National Average ($X), in Descending Order:

  • Cheapest and Most Expensive Places To Build in Florida.

Building costs in Florida are 5% lower than the national average, and equivalent to the states of Maine, Oklahoma, Vermont and West Virginia. Construction costs are closer to the states of Alabama, Arizona, Georgia, North Carolina and Virginia by 1%. The Miami Metropolitan region, in particular the cities of Miami, Fort Lauderdale and West Palm Beach had major projects with a combined value of $15.58 billion, with Miami contributing $14.18 billion of the total. The residential construction volume in this market has been steadily rising since 2016 starting at $7.684 billion, with only one small drop in value being realized in 2018. From there the total value of newly built residential properties rose from $8.178 billion to $8.890 billion in 2019, with no interruption in 2020 despite the Covid-19 pandemic, registering a whopping $10.400 billion in residential construction projects. Commercial projects as well as manufacturing and education were clearly disrupted by the Covid-19 pandemic registering a decrease in volumes in 2020. The Miami Metropolitan Area had a 15.5% increase in residential projects, the biggest in the region. A full housing market analysis of all Metropolitan Areas in Florida can be obtained from the Office of Policy Development (OPD).

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