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Jacksonville, Tampa, and Orlando Are Becoming Less Affordable
It’s becoming tougher to buy a house in the South and West
August 29, 2016
House in Jacksonville, Fla. Photo: Michel Curi/Creative Commons.
Affording a home in Florida is getting tougher.
Jacksonville, Tampa, and Orlando are among the cities that had the sharpest rises in Real House Price Index over the last year, according to Business Insider. RHPI is a metric that assesses affordability based on median income, interest rates, and inflation.
Thirteen housing markets had increases of RHPI of at least one percent over the last 12 months. Most of the markets are in the South or West.
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