Florida
Ranked #45 of 51 for housing affordability
Median Home Price
🏠$381K
5.2x income
Median Rent
🔑$1,719
37.8% rent-burdened
Median Income
💰$73K
Population: 22,610,726
Homeownership
🏡68.0%
30,756 experiencing homelessness
Housing Shortage
📉500,000
units needed
Building Permits (2024)
🔨173,326
Price-to-Income
📊5.2x
Severe Rent Burden
⚠️19.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1933) is above the state median rent ($1719) — vouchers cover typical rents.
Metros in Florida
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Miami | 16 | $474K | $1,914 | $76K | 45.0% |
| Tampa | 32 | $372K | $1,729 | $73K | 37.5% |
| Orlando | 34 | $383K | $1,799 | $77K | 38.0% |
| Jacksonville | 42 | $362K | $1,564 | $77K | 34.5% |
| North Port-Bradenton-Sarasota | 64 | $439K | $1,854 | $79K | 27.9% |
| Cape Coral-Fort Myers | 65 | $392K | $1,797 | $72K | 34.5% |
| Lakeland-Winter Haven | 76 | $296K | $1,403 | $67K | 26.1% |
| Deltona-Daytona Beach-Ormond Beach | 67 | $355K | $1,516 | $67K | 29.7% |
| Palm Bay-Melbourne-Titusville | 75 | $357K | $1,648 | $79K | 32.8% |
| Port St. Lucie | 64 | $386K | $1,679 | $68K | 35.5% |
| Pensacola-Ferry Pass-Brent | 81 | $309K | $1,374 | $78K | 22.5% |
| Ocala | 75 | $265K | $1,365 | $59K | 32.4% |
| Naples-Marco Island | 54 | $596K | $2,039 | $90K | 33.0% |
| Tallahassee | 75 | $289K | $1,238 | $64K | 27.9% |
| Gainesville | 73 | $279K | $1,317 | $59K | 33.5% |
| Crestview-Fort Walton Beach-Destin | 74 | $374K | $1,712 | $82K | 22.0% |
| Punta Gorda | 69 | $366K | $1,520 | $72K | 29.8% |
| Panama City-Panama City Beach | 75 | $313K | $1,506 | $70K | 19.6% |
| Homosassa Springs | 68 | $279K | $1,138 | $54K | 28.4% |
| Wildwood-The Villages | 65 | $411K | $1,347 | $75K | 26.3% |
| Sebastian-Vero Beach-West Vero Corridor | 69 | $371K | $1,409 | $73K | 23.4% |
| Sebring | 79 | $209K | $1,073 | $51K | 34.4% |
Market Trends
Homeownership Rate
68.0%
Rent-to-Income Ratio
28.0%
of gross income spent on rent
Total Households
8,966,402
Owner-Occupied
6,103,429
Renter-Occupied
2,862,973
Homelessness
Latest Count (2024)
31,362
1-Year Change
+2.0%
10-Year Trend (2015–2024)
-12.6%
35,900 → 31,362
Housing Policies
Construction Activity
Total Permits (2024)
173,326
12.4% of national total
Single-Family
123,359
71% of state permits
Multi-Family
49,967
29% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
500,000
units needed
National Shortage
7,300,000
6.8% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Florida burden rates with national demographic breakdown
Cost-Burdened Renters
37.8%
paying >30% of income
Severely Burdened
19.5%
paying >50% of income
Households >30% Burden
872,012
Households >35% Burden
177,014