Florida’s Housing Crisis
As of October 2022, Florida’s median home price rose 14.2% from the previous year, and the
number of homes sold decreased by 26.1%. A recent study by Go Banking Rates evaluated
Florida’s housing crisis by looking at the state’s 200 largest cities. Jacksonville was found to be
the fifth most likely to end up in a housing crisis. The study cites that in Jacksonville, 1,706 out
of 3,664 homes for sale are foreclosed. Additionally, the homeowner vacancy rate is 2.0% as
opposed to the national average of 0.9%. These numbers indicate a statewide lack of affordable
housing that has become prominent in Jacksonville.
By: Morgan Bourquin
More Information:
https://www.census.gov/housing/hvs/files/currenthvspress.pdf
