Southwest Florida housing prices may be plummeting at a rate seen very few times in history but still not enough for many pursuing the American Dream.
Newly released mid-year findings show that Collier County is one of only 18 places nationally where the median income needs to be more than $200,000 to afford a typical home.
Here’s what to know.
How much do you need to earn to afford a Naples area home?
Factoring mortgage costs, homeowners insurance, property taxes, maintenance and other associated ownership costs, a Collier County household needs to rake in at least $200,072 annually, according to research by the national Consumer Affairs publication that examined the 200 largest metros…