Where Can You Afford to Buy a Home?

Affordable Homes

This morning I stumbled upon a Miami Herald website equipped with a tool that will show you what South Florida areas have homes you can afford based on your annual income.  The tool includes all zip codes in Broward, and Dade Counties, but not Palm Beach.  You have to keep in mind that the tool uses the premise that the maximum price you should pay for a home is three times your total household income.

After you enter your income, the tool displays a map of Broward and Dave Counties with all of the various zip codes broken out.  The zip codes are color coded to indicate real estate pricing levels, the change in home values since 2014, crime levels, and quality level of schools for each zip code.  If you place your curser over the zip codes, a box pops up with more detailed information regarding that particular zip code.

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