Affordable Housing in St.
Communities across the state and nation are struggling with an affordable housing crisis, and St. Johns County is no different. In addition to government efforts, community organizations are also pitching in to find solutions, including the St. Johns County Chamber of Commerce, which has made housing issues a prime focus.
“ The housing market in St. Johns County is facing significant challenges, characterized by escalating home prices and a limited supply of affordable housing,” said Aliyah Meyer, economic development coordinator at the Chamber.“ Since 2019, home prices have surged by 50 %, while income growth has only risen by 17 %, making homeownership increasingly out of reach for many residents. The availability of affordable homes is severely constrained, with only 1 % of single-family homes and 17 % of town homes priced under $ 260,000. Rental options are similarly scarce, as only 10 % of apartment listings fall within
ECONOMIC
Vitality
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