JACKSONVILLE, Fla. – Skyrocketing housing prices might be great news if you’re a current homeowner, but what about folks looking for affordable housing options in our area?
Carrie Davis with Wealth Watchers, an organization dedicated to providing affordable housing opportunities, pointed out that the average price for homeownership, according to the Northeast Florida Association of Realtors, is $240,000.
That’s far out of the range of what’s considered affordable housing, she said.
Affordable housing is defined as housing available to those who make less than the median income.
So we are missing that quantity of quality housing that’s affordable and under $200,000,” Davis said.