Affordability of Orlando Real Estate

Orlando has, as well as the rest of the nation experienced problems with housing affordability. Many people are finding themselves locked out of the real estate market. Especially for middle class such as teachers, firefighters, police officers, teachers, service workers, and colleges graduates. The mayor Richard Crotty announced a task force to tackle the housing affordability. The average family income is $57,400 while the average home price is $259,700. Broward county with average home price is $400,000 is urging Orlando to tackle this problem as soon as possible. In Broward developers cannot afford to build apartment because land is so expensive. Courtesy of Orlando Sentinel 5/6/06.