JACKSONVILLE, Fla. โ Skyrocketing housing prices might be great news if youโre 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.
Thatโs far out of the range of whatโs 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 thatโs affordable and under $200,000,โ Davis said.