• Contact Us
  • About Us
  • Privacy Policy
  • Terms Of Use
  • Advertising
  • Disclosure
  • Newsletter
Wednesday, March 22, 2023
Sebastian Daily
  • News
    • All News
    • Business
    • Community
    • Crime
    • Food
    • Health
    • Fishing
    • Letters to the Editor
    • Newsletter
    • Schools
    • Traffic
    • Videos
  • Events
  • Calendar
  • Awards
    • Best Bars in Sebastian
    • Best Diners in Sebastian, Florida
    • Best Music in Sebastian
    • Best Pizza in Sebastian
    • Best Pubs in Sebastian
    • Best Sub Sandwiches in Sebastian
    • Best Wings in Sebastian
  • Fishing
  • Inspections
  • Obituaries
  • Weather
No Result
View All Result
  • News
    • All News
    • Business
    • Community
    • Crime
    • Food
    • Health
    • Fishing
    • Letters to the Editor
    • Newsletter
    • Schools
    • Traffic
    • Videos
  • Events
  • Calendar
  • Awards
    • Best Bars in Sebastian
    • Best Diners in Sebastian, Florida
    • Best Music in Sebastian
    • Best Pizza in Sebastian
    • Best Pubs in Sebastian
    • Best Sub Sandwiches in Sebastian
    • Best Wings in Sebastian
  • Fishing
  • Inspections
  • Obituaries
  • Weather
No Result
View All Result
Sebastian Daily
No Result
View All Result
Home Business

Is there affordable housing anymore in Florida?

Andy Hodges by Andy Hodges
May 18, 2022 / 11:20 AM
A A
Affordable Housing in Florida

Affordable Housing in Florida

Share on FacebookShare on TwitterShare via Email

Ever since the real estate boom in Sebastian and other parts of Florida, many people have been forced out of their rentals due to higher demand. As a result, landlords can now charge double for their rentals.

As some people find themselves displaced or even on the streets due to the higher demand, they are moving elsewhere in the country. Growth in Florida will continue, and so will the higher cost of living.

Locally, two different apartment projects are under development in and near Sebastian. 

The first development is being built in Sebastian outside the city limits, just north of The Promenade senior living center. The other will be located within the City of Sebastian. However, only a percentage of these apartments will offer affordable housing for low-income families. 

It is a difficult time for retirees who are on a fixed budget. Their expenses are increasing while their social security payments remain the same. Florida is too expensive for many, especially if they didn’t buy their homes before the recent real estate boom. As a result, some people have been displaced on the streets in an area they can no longer afford. 

Affordable Housing Elsewhere

There is hope, as many places still have low median home prices and rental affordability, which brings us to Huntsville, Alabama.

Huntsville is the #1 place to live in the United States for 2022, according to a U.S. News report. The median home price is $192,667, and the average annual salary is $58,730. 

The area has a strong job market and a low cost of living. It is home to many companies focused on science, technology, engineering, and math, contributing to a higher average annual salary for the local population. 

Green Bay, Wisconsin, is also ranked #3 as one of the best places to live, with a median home price of $181,700 and an annual salary of $50,020. It’s best known as the hometown of the Green Bay Packers. Residents there spend just 20.3% of the median household income on rent or mortgage payments.

Fayetteville, Arkansas, is ranked #7 with a median home price of $203,150 and an annual salary of $50,470. This fast-growing metro area promotes a low cost of living and a steady job market.

These areas are only a sample of affordable places to live in the United States.

Housing Market in Sebastian, Florida

What’s happening in Sebastian and other areas in Florida is devastating to our local market. Homes that sold for $250,000 a couple of years ago are now selling for $500,000. However, financial analysts predict a market correction as stocks continue to tumble.

The job market in Sebastian is still excellent, and we know many servers and bartenders earning a lot of money. One bartender told us he makes anywhere from $500 to $1,000 on a good night, but it’s a lot of work like any job relating to tourism. 

UPCOMING EVENTS

Mar 22
5:00 pm - 9:00 pm Recurring

Hypersona Acoustic at Capt Hirams Sandbar

Mar 22
6:00 pm - 8:45 pm Recurring

Trivia with Cat at Mash Monkeys Brewing Co.

Mar 22
6:00 pm - 9:00 pm

Sebastian City Council Meeting

Mar 23
10:00 am - 11:00 am

Sebastian Centennial Celebration Task Force Meeting

Mar 23
6:00 pm - 8:00 pm

Snook workshop hosted by FWC at City Hall

View Calendar

MORE FROM SEBASTIAN DAILY

Pompano fish at Sebastian Inlet

Snook fishing slowed, but redfish and pompano are active at Sebastian Inlet

by Andy Hodges
March 21, 2023

...

Brevard County Sheriff's Office

Micco couple saved from “grandparents scam” by Uber Global Security

by Andy Hodges
March 21, 2023

...

Mary and Roy Garton

Meet local authors Mary and Roy Garton for book signing in Sebastian

by Andy Hodges
March 16, 2023

...

Previous Post

Weekend Events and Live Music in Sebastian for May 20th – 22nd

Next Post

High Speed Pursuit Recovers Stolen Vehicle in Sebastian

Next Post
Indian River County Sheriff’s Office

High Speed Pursuit Recovers Stolen Vehicle in Sebastian

MORE FROM SEBASTIAN DAILY

Brevard County Sheriff's Office

Micco couple saved from “grandparents scam” by Uber Global Security

by Andy Hodges
March 21, 2023

...

Snook Workshop (FWC)

Snook workshop hosted by FWC at Sebastian City Hall

by Andy Hodges
March 16, 2023

...

Pompano fish at Sebastian Inlet

Snook fishing slowed, but redfish and pompano are active at Sebastian Inlet

by Andy Hodges
March 21, 2023

...

Mary and Roy Garton

Meet local authors Mary and Roy Garton for book signing in Sebastian

by Andy Hodges
March 16, 2023

...

UPCOMING EVENTS

Mar 22
5:00 pm - 9:00 pm Recurring

Hypersona Acoustic at Capt Hirams Sandbar

Mar 22
6:00 pm - 8:45 pm Recurring

Trivia with Cat at Mash Monkeys Brewing Co.

Mar 22
6:00 pm - 9:00 pm

Sebastian City Council Meeting

Mar 23
10:00 am - 11:00 am

Sebastian Centennial Celebration Task Force Meeting

Mar 23
6:00 pm - 8:00 pm

Snook workshop hosted by FWC at City Hall

View Calendar
Sebastian Daily

Trusted news in Indian River County and Sebastian, Florida. Sebastian Daily offers hometown news, reviews, obituaries, weather, and hurricane updates.

Follow Us on Social Media

Mailing Address

Sebastian Daily, LLC
1603 U.S. Highway 1
Suite 102
Sebastian, Florida 32958

For advertising services or to post an obituary, please call Tina at 772-925-5221.

Categories

  • Business
  • Community
  • Crime
  • Events
  • Health
  • Inlet
  • Letters to the Editor
  • Obituaries
  • Restaurants
  • Schools
  • Traffic
  • Videos
  • Weather
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Disclosure

© 2023 Sebastian Daily. All Rights Reserved. Sebastian Daily® is a registered trademark of Sebastian Daily, LLC.

No Result
View All Result
  • News
    • All News
    • Business
    • Community
    • Crime
    • Food
    • Health
    • Letters to the Editor
    • Traffic
    • Videos
  • Events
  • Calendar
  • Awards
    • Best Bars in Sebastian
    • Best Diners in Sebastian
    • Best Music in Sebastian
    • Best Pizza in Sebastian
    • Best Pubs in Sebastian
    • Best Sub Sandwiches in Sebastian
    • Best Wings in Sebastian
  • Fishing
  • Inspections
  • Obituaries
  • Schools
  • Weather
  • Newsletter

© 2023 Sebastian Daily. All Rights Reserved. Sebastian Daily® is a registered trademark of Sebastian Daily, LLC.