‘Addressing Affordability’: How does Northeast Florida’s housing market align with the definition of affordable housing?
Read full article: ‘Addressing Affordability’: How does Northeast Florida’s housing market align with the definition of affordable housing?According to housing experts, “affordable” is defined as spending no more than 30% of your income on housing. In Jacksonville, where the median household income is $81,107 according to city data, that means monthly housing costs should not exceed $2,027 to be considered affordable.