Miami-Dade’s affordable housing gap grows to 118K units, even as low-income earners flee
Miami has been losing residents priced out of the skyrocketing cost of living, including much higher rents — yet its need for affordable rentals has only deepened. Miami-Dade County is short 118,000 apartments for households earning up to 80 percent of the area median income, according to a new study by the University of Florida Shimberg Center Center for Housing Studies and housing nonprofit Miami Homes For All. At the county’s median income of $89,800, a one person household earning 80 percent of the AMI has an income of $76,320 and a two-person household has an income of $87,200. The […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131
