Housing
Housing continues to be a pressing issue for South Florida's growing population. High demand and rapid appreciation have made it increasingly difficult for the average worker to afford a single-family home. The pool of affordable housing in the region has declined substantially over the past decade, to the extent that median income households can now afford less than a third of homes. Not only is homeownership becoming further out of reach, but the gap between renter's income and fair market rent also continues to grow. While prices have started to stabilize since the last quarter of 2005, there remains a wide gap between the income needed to purchase a home and the salaries of the region's workers. |
Graphs and Tables
- Growth of Housing in South Florida 1990-2006
- Condominium Conversions in South Florida, 2001-2006
- Median Price of Existing Single-Family Homes in South Florida 1994-2007
- Appreciation Rates of Existing Single-Family Homes in South Florida MSA’s 1994-2007
- Housing Affordability for Police Officers 1999-2006
- Housing Affordability for Elementary School Teachers in South Florida’s MSA’s 2005 & 2006
- Percentage of Renters Unable to Afford Two-Bedroom Fair Market Rent in South Florida 1998-2006
- Monthly Median Price of Single-Family Homes in South Florida MSAs 2008
- Monthly Median Price of Existing Condominiums in South Florida MSAs 2008
- Monthly Median Price of Existing Condominiums in South Florida MSAs 2007
- Monthly Median Price of Single-Family Homes in South Florida MSAs 2007
