Latest from Census: Florida third least affordable home owning state
Plenty of confirmation in the latest U.S. Census estimates for those who think housing is overpriced here.
The Census Bureau's 2007 American Community Survey says Florida is the third least affordable state for home owners. Nearly half of all Floridians pay more than 30 percent of their income on mortgage costs. Nationally, 37.5 percent of mortgage holders spend more than 30 percent of their income.
Is rent any better? Not really. Our state actually ranks first in the nation in lack of affordability. Close to 53 percent pay more than 30 percent of their income on rent and utilities.
The Census also breaks things down for the Tampa Bay area, but I never found away to rank our metro area against hundreds of others. Here's the raw numbers:
- Our median home price is $203,300, above the national median of $194,300
- Our median monthly mortgage costs are $1,523
- The percentage of people who spent more than 30 percent of income on mortgages in 46.2 percent
If you want to click around the Census site, here's a link. Scroll down a hair and find the survey results.
Most Recent Blog Posts
About the blog
Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
Advertisement
Follow us on Facebook
Comment Policy
| Please be sure your comments are appropriate before submitting them. Inappropriate comments include content that: |
| Is libelous |
| Is abusive, harassing, or threatening |
| Is obscene, vulgar, or profane |
| Is racially, ethnically or religiously offensive |
| Is illegal or encourages criminal acts |
| Is known to be inaccurate or contains a false attribution |
| Infringes copyrights, trademarks, publicity or any other rights of others |
| Impersonates anyone (actual or fictitious) |
| Solicits funds, goods or services, or advertises |
| The St. Petersburg Times does not edit posts but reserves the right to delete comments that violate our policy. |