Typical Florida household needs 17 years to save for 10% home down payment, study finds

A new report is putting numbers to a problem many families in Northeast Florida already feel: Buying a home is getting further out of reach. As home prices continue to climb across Florida, a new analysis suggests it could take the typical household nearly a generation to save for a modest down payment. New data from ConsumerAffairs estimates that Floridians would need 17 years to save enough for a 10% down payment on a median-priced home. Researchers say that’s the 12th-longest timeline in the country.