Florida Apartment Building Prices Per Unit, by County (2025 to 2026)
Across 624 qualified sales of Florida apartment buildings with 5 or more units in 2025 and 2026, the statewide median was about $194,000 per unit. Outside Miami-Dade, Broward, and Palm Beach, the median was about $111,000. Polk averaged about $112,000 and Brevard about $128,000. 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 qualified sale of a Florida apartment building with five or more units recorded in 2025 and 2026, grouped by county.
The statewide picture
The statewide median was about $194,000 per unit across 624 sales, and that number is mostly South Florida talking. Miami-Dade and Broward alone account for about two-thirds of the sales. Take out Miami-Dade, Broward, and Palm Beach and the median for the rest of the state drops to about $111,000 per unit across 202 sales. That second number is the one to use if your building is anywhere north of Palm Beach County.
Price per unit by county
Average price per unit on qualified 2025 and 2026 sales, counties with at least five sales:
| County | Sales | Avg per unit |
|---|---|---|
| Miami-Dade | 239 | $232,000 |
| Broward | 160 | $209,000 |
| Duval | 6 | $209,000 |
| Osceola | 6 | $206,000 |
| Palm Beach | 23 | $191,000 |
| Sarasota | 12 | $187,000 |
| Alachua | 15 | $169,000 |
| Marion | 6 | $142,000 |
| Manatee | 5 | $141,000 |
| Lee | 17 | $140,000 |
| Brevard | 12 | $128,000 |
| Leon | 6 | $126,000 |
| Volusia | 18 | $121,000 |
| Polk | 31 | $112,000 |
| Escambia | 7 | $102,000 |
| Clay | 7 | $102,000 |
| Pasco | 5 | $100,000 |
| Lake | 6 | $99,000 |
| Citrus | 5 | $85,000 |
Small counts swing hard. Duval and Osceola each had only six sales, and a couple of newer, larger complexes pulled their averages up. Treat any county with fewer than 15 sales as a rough guide, not a rule.
Size changes the number too
Outside the three South Florida counties, buildings with 5 to 20 units averaged about $123,000 per unit, while buildings over 20 units averaged about $158,000. Bigger buildings are usually newer, better managed, and financeable with cheaper debt, and buyers pay for that. If you own a 1970s eight-unit, the small-building number is your neighborhood.
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: if the income value and the per-unit number disagree badly, one of them is wrong. My full method is in how much is my apartment building worth.
How I built these numbers
I used Florida Department of Revenue sale records for 2025 through September 2026 and kept only sales the state codes as qualified arm's-length transactions, single-parcel, on parcels classified as multifamily with five or more units on the property roll. I dropped sales under $25,000 or over $450,000 per unit, which removes most data errors and a handful of luxury outliers. Some large counties, including Hillsborough, Orange, and Pinellas, did not have five qualifying 5-plus-unit sales in this cut of the state file, so they are not in the table. That is a limit of the data, not a sign those markets are quiet.
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.
