Affordability is more than just cheap housing options; it indicates a high quality of life as well as affordable cost of living.
Over 147,000 renters in Broward County are cost-burdened and 77,000 spend more than half of their income on housing.
The South Florida region has the highest percentage of households in the country (62%) that spend more then 30% of their income on housing.
Even though South Florida housing prices, on balance, are lower than superstar cities like New York, Los Angeles, and San Francisco, our median incomes are also way lower.
Palm Beach County lost an average of 17,167 affordable/workforce units annually since 2014 due to market appreciation.