12/13/2024We are pleased to share the Shimberg Center’s 2024 Annual Report. The report highlights current trends in housing production, prices, and affordability and describes the Center's teaching, research, and technical assistance activities. Key findings from the housing trends section:
- Florida produced approximately 138,000 single family homes in 2023. Lee, Polk, and Pasco Counties continued to lead the state in single family production.
- The state also added 53,000 apartments in multifamily buildings, with highest production in Orange, Miami-Dade, and Broward Counties.
- Median home prices held steady around $410,000 in 2023 and the first half of 2024, similar to the previous year’s prices but well above previous peaks in the mid-2000s.
- Nearly 884,000 low-income renters pay than 40% of their income for housing, including over 346,000 age 55+ households.
For more data on housing supply and needs at the city, county, and state level, visit the Florida Housing Data Clearinghouse.