Florida's Affordable Housing Needs
The Center works in close partnership with Florida Housing Finance Corporation to provide data and analysis to guide the Florida's affordable housing efforts. Since 2001, we have produced the Florida Housing Data Clearinghouse, a compendium of affordable housing supply and demand data, under contract with Florida Housing.
The Shimberg Center also produces a Statewide Rental Market Study every three years on Florida Housing's behalf. The market study quantifies the affordable housing needs of low-income families and seniors, farmworkers, special needs households, and homeless persons in Florida. A summary of statewide housing trends can be found in this presentation.
- Single-family home prices are back to mid-2000s boom era levels. Florida's median single-family home price rose 91% from 2011 ($202,000) to 2022 ($385,000), adjusted to 2022 dollars for inflation.
- Florida added nearly 600,000 units with gross rents above $1,000 from 2012 to 2021 but lost nearly 277,000 units renting for $1,000 or less.
- 825,990 low-income renters (<60% AMI) in Florida pay more than 40 percent of income for housing.
- Florida has only 26 affordable and available rental units for every 100 households with incomes of 0-30 percent of AMI, a deficit of 398,715 units.