rent

C.M. GUERRERO / MIAMI HERALD

Miami commissioners on Thursday unanimously approved a $1 billion spending plan that includes new rent subsidies for low-income seniors, park improvements and surveillance cameras to combat illegal dumping.

affordable housing
Caitie Switalski / WLRN

The number of people spending more money than they should on housing in Broward County, keeps going up. 

 

Miami Herald

If you feel like you’re spending way too much of your paycheck on your monthly rent, you’re not wrong.

freedigitalphotos.net

According to a report published by AXIOMetrics, rent increases in Broward, Palm Beach, and Miami-Dade counties rank among the highest 25 in the nation.

For example, in Miami-Dade County the average rent rose 6.29 percent, to $1,485 a month.

Jay Denton is the vice president for research at AXIOMetrics. He says the high prices in Florida could be due to a demand which exceeds the supply.

In the report, AXIOMetrics reports occupancy rates of over 95 percent for all three South Florida counties.

Something about housing stats in particular seems a bit more voyeuristic than say, just the average age of a neighborhood's residents. Housing numbers create a figurative window into people’s private spheres that is a bit uncomfortable at times, but the stats help visualize in a different way the place we call home.

Here's a list of websites that map different aspects of Miami's housing market:

Wilson Sayre

Foreign investors have been gobbling up properties all over South Florida, often paying with cash. And banks are less willing to take a risk with families who need financing in lieu of cash.

This affects the percentage of income South Floridians spend on housing, because when it's harder to purchase a house, more people rent. And when more people are renting, rent prices go up.

For six years now, home-seeker Lionel Lightbourne has been looking for a home with his wife and the seven kids they have between them, aged 15 to 28.