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In Florida Housing Policy

Shimberg Center: Florida’s Affordable Housing Needs

Key findings

  • Single-family home prices nearly doubled in the first half of the 2000s. These gains disappeared during the recession, but prices are beginning to return to the boom years’ strength. Florida’s median single-family home price rose 79% from 2000 ($172,239) to 2006 ($309,077), adjusted to 2018 dollars for inflation. It then fell to $170,666 in 2011 but has since risen to $240,000, in line with 2004 sales.
  • Florida added 718,166 units with gross rents above $1,000 from 2000 to 2017 but lost 43,956 units renting for $1,000 or less.
  • 795,603 low-income renters (<60% AMI) in Florida pay more than 40 percent of income for housing.
  • There are only 23 affordable and available rental units for every 100 extremely low-income (<30% AMI) renter households.