Greater Miami still affordable according to new index

Greater Miami still affordable according to new index

One of the central appeals of Miami as a destination city, apart from its culture and beaches, has been its persistent affordability, even through major growth. For the most part, the city still has that, a report from ATTOM, parent company of RealtyTrac, recently confirmed.

In its 2016 affordability index, in which a score of 100 equates to baseline affordable, all three of the Greater Miami counties analyzed were above the affordability threshold.

The most affordable was Palm Beach County, which had an index score of 111. However, further in its analysis, ATTOM determined the percentage of average local wages necessary to purchase a median-priced home in each county, and by that measure, Broward, with 33 percent of wages necessary to purchase, was the most affordable.

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