Market Overview
Home Prices in Carrabelle, FL
The median home value in Carrabelle, FL is $299,295 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.6% compared to a year ago and down 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carrabelle are priced27% below average.
Over the past five years, Carrabelle home values have risen by approximately25.3%, reflecting strong long-term appreciation in this market.
Price History
Carrabelle Home Price Trend
2020
$205,192
$205K
—
2021
$238,902
$239K
+16.4%
2022
$304,474
$304K
+27.4%
2023
$303,805
$304K
-0.2%
2024
$330,840
$331K
+8.9%
2025
$317,187
$317K
-4.1%
2026
$299,295
$299K
-5.6%
City Comparison
Carrabelle vs. National Median
🏠 Carrabelle
$299,295
National Median
$410,000
At $299,295, homes in Carrabelle cost 27% below the national median of $410,000. This makes Carrabelle a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carrabelle?
20% Down Payment
$59,859
on $299,295
Monthly P&I
$1,561/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,982/mo
incl. taxes & insurance
Income Needed
$79,280
gross annual (30% rule)
10% Down Option
$29,930
+ PMI applies
Loan Amount (20% dn)
$239,436
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Carrabelle, FL?
The median home value in Carrabelle is $299,295 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.6% year-over-year.
How much have home prices changed in Carrabelle?
Over the past year, home values in Carrabelle have decreased by 5.6%. Over five years, prices have risen approximately 25.3%.
How much do I need to earn to buy a home in Carrabelle?
To comfortably afford the median home price of $299,295 with a 20% down payment ($59,859) at today's rates (6.8%), you'd need a gross annual income of approximately $79,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Carrabelle compare to the national average home price?
The national median home value is approximately $410,000. At $299,295, homes in Carrabelle are 27% below the national average.