Florida Apartment Building Prices Per Unit, by County (2025 to 2026)
Across 1,477 recorded sales of Florida apartment buildings with 5 or more units since January 2025, the statewide median was about $160,000 per unit. Outside Miami-Dade, Broward, and Palm Beach, the median was about $125,000 across 833 sales. Pinellas sold near $160,000, Hillsborough $137,000, Polk $96,000 and Duval $95,000. Get your building's number.
Price per unit is the first number every apartment buyer checks, and the one owners most often get wrong, because they are comparing their building to a listing price instead of a closed sale. So here are the closed sales: every recorded sale of a Florida apartment building with five or more units from January 2025 through mid-October 2026, grouped by county.
The statewide picture
The statewide median was about $160,000 per unit across 1,477 sales, and that number leans on South Florida. Miami-Dade, Broward, and Palm Beach account for about 44% of the sales and a median near $200,000. Take them out and the median for the rest of the state is about $125,000 per unit across 833 sales. That second number is the one to start from if your building is north of Palm Beach County.
Price per unit by county
Median price per unit on recorded sales since January 2025, counties with at least five sales. The last column is the middle half of sales: a quarter sold for less than the first number and a quarter for more than the second.
| County | Sales | Median per unit | Middle half |
|---|---|---|---|
| Miami-Dade | 286 | $207,000 | $165,000 to $259,000 |
| Collier | 27 | $202,000 | $122,000 to $249,000 |
| Palm Beach | 88 | $198,000 | $136,000 to $258,000 |
| Broward | 270 | $191,000 | $157,000 to $229,000 |
| Osceola | 11* | $173,000 | $135,000 to $191,000 |
| Sarasota | 13* | $167,000 | $111,000 to $178,000 |
| Pinellas | 148 | $160,000 | $125,000 to $197,000 |
| Manatee | 20 | $153,000 | $83,000 to $200,000 |
| Indian River | 10* | $143,000 | $100,000 to $188,000 |
| Bay | 13* | $142,000 | $104,000 to $175,000 |
| Hillsborough | 79 | $137,000 | $108,000 to $208,000 |
| Seminole | 8* | $136,000 | $101,000 to $180,000 |
| Brevard | 26 | $129,000 | $93,000 to $170,000 |
| St Lucie | 9* | $123,000 | $72,000 to $167,000 |
| Lee | 35 | $115,000 | $90,000 to $155,000 |
| Alachua | 38 | $111,000 | $81,000 to $290,000 |
| Lake | 16 | $110,000 | $74,000 to $135,000 |
| Volusia | 41 | $110,000 | $90,000 to $140,000 |
| Hernando | 8* | $109,000 | $80,000 to $125,000 |
| Charlotte | 11* | $108,000 | $89,000 to $195,000 |
| Orange | 47 | $100,000 | $69,000 to $195,000 |
| Leon | 24 | $99,000 | $66,000 to $165,000 |
| Okaloosa | 5* | $97,000 | $85,000 to $112,000 |
| Marion | 10* | $97,000 | $82,000 to $145,000 |
| Polk | 44 | $96,000 | $65,000 to $124,000 |
| Duval | 61 | $95,000 | $74,000 to $127,000 |
| Escambia | 30 | $94,000 | $60,000 to $151,000 |
| Clay | 8* | $94,000 | $86,000 to $102,000 |
| Pasco | 12* | $91,000 | $71,000 to $133,000 |
| Martin | 23 | $83,000 | $69,000 to $102,000 |
| Citrus | 9* | $78,000 | $63,000 to $110,000 |
| DeSoto | 7* | $56,000 | $40,000 to $103,000 |
* Fewer than 15 sales. Small counts swing hard, so treat those counties as a rough guide, not a rule. Click a county name for its page with sales, rents and history.
Does size change the number?
Not much, and not the way I expected. Outside Miami-Dade, Broward, and Palm Beach, buildings with 5 to 20 units had a median of $128,000 per unit across 524 sales, and buildings over 20 units had a median of $119,000 across 309 sales. Averages are close too, $141,000 against $138,000. In the three South Florida counties the larger buildings ran a little higher, $207,000 against $200,000. If you own a 1970s eight-unit outside South Florida, do not expect a discount for being small or a premium for being big. Expect the county number, then adjust for income.
Why price per unit is only a sanity check
Two buildings with the same unit count can be worth very different amounts, because buyers pay for income, not doors. Rents, the expense load, and especially Florida insurance costs and the tax reset after a sale decide the real price. I use price per unit the way a pilot uses a second instrument: it tells me when my income number has drifted somewhere strange.
How I built these numbers
I started from every recorded sale since January 2025 on parcels the property roll classes as multifamily with five or more units, drawn from county sales files, clerk records and Florida Department of Revenue records. The same sale often arrives from more than one source, so I counted one deal per parcel per month, and counted parcels sold together at the same price as one deal. Where two sources gave prices exactly ten times apart, I kept the one that fit the county's assessed value and dropped the deal if neither did. I left out buildings built in 2018 or later, because new construction is a different product from the older buildings most owners sell, and a few sales I checked by hand and judged not comparable. Finally I dropped sales under $25,000 or over $450,000 per unit, which removes most data errors and a handful of luxury outliers. Recording lags a few weeks, so the newest months are the thinnest.
Where does your building land?
The fastest way to find out is my valuation model. It prices your building from its income the way a buyer's lender will, then checks it against sales like these.
More Florida apartment data: 30 years of Florida apartment prices, what interest rates did to prices, rents since COVID by county and HUD Fair Market Rents. Your county has its own page too: apartment values by county.
Your building is not the average. Your Apartment Tracker shows the recorded sales and rents around your own building, next to your number. See my number.
Questions owners ask
What is the average price per unit for a Florida apartment building?
Across 1,477 recorded sales of Florida apartment buildings with five or more units since January 2025, the statewide median was about $160,000 per unit. That number leans on South Florida. Outside Miami-Dade, Broward and Palm Beach, the median across 833 sales was about $125,000 per unit, which is the better guide for buildings north of Palm Beach County.
Do bigger apartment buildings sell for more per unit?
Not outside South Florida in this data. Buildings with 5 to 20 units had a median of $128,000 per unit and buildings over 20 units had $119,000. In Miami-Dade, Broward and Palm Beach the larger buildings ran a little higher, $207,000 against $200,000.
Which Florida counties have the highest apartment prices per unit?
Miami-Dade ($207,000), Collier ($202,000), Palm Beach ($198,000), Broward ($191,000) have the highest medians among counties with at least five sales. The lowest are Martin ($83,000), Citrus ($78,000), DeSoto ($56,000). Counties with fewer than 15 sales swing a lot, so read those as rough guides.
Can I price my building by multiplying units by the county number?
Only as a sanity check. Buyers pay for income, not doors, so rents, the expense load, insurance and the tax reset after a sale decide the real price. Small county samples also swing hard, so treat any county with fewer than 15 sales as a rough guide. If your income value and the per-unit number disagree badly, one of them is wrong.
Why use closed sales instead of listing prices?
Because a closed sale is what a buyer actually paid, and owners most often get price per unit wrong by comparing their building to a listing price. These numbers use only recorded sales, with duplicates removed, new construction left out, and sales under $25,000 or over $450,000 per unit dropped to remove most data errors and a handful of luxury outliers.
These are the sales I use every day as a Florida apartment broker. If your county has few recent sales, call me and I will tell you which comparable sales to lean on.
