The #1 Reason It Is Difficult to Find Your Dream HomeThe headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation
Rents Still Rising In Central Florida
Study: Rents still rising but not as fast
HOLLYWOOD, Fla. – May 31, 2018 – RentCafe creates a monthly rent report with data compiled from actual rents charged in the 250 largest U.S. cities. In its latest report, it found that nationwide rents rose 2 percent year-to-year – the lowest increase since 2010.
However, all Florida cities in the report came in higher than 2 percent, starting with Hollywood, Fla., at the top – an 8.5 percent year-to-year increase – and Miami at the bottom with 2.5 percent.
Select Florida cities – average rent – year-to-year increase
Hollywood – $1,422 – 8.5%
Fort Lauderdale – $1,853 – 6.5%
Orlando – $1,342 – 5.8%
Tampa – $1,260 – 5.5%
West Palm Beach – $1,397 – 5.1%
Gainesville – $1,191 – 4.9%
Jacksonville – $1,014 – 4.0%
Tallahassee – $1,185 – 3.3%
Miami – $1,623 – 2.5%
Other report highlights
Small cities gain momentum as growth in jobs and population draws rent increases. The most significant rent boosts in May were witnessed in Midland (35.4 percent) and Odessa (35.8 percent), but also in Yonkers (12.9 percent), Reno (10.7 percent) and Hollywood, Fla. (8.5 percent
by 2018 Florida Realtors®
Deirdre is a Broker and co-owner, with her husband Steve, of EXIT Realty Champions in Davenport - the closest office to Disney World Orlando! With 12 years of experience over a broad range of real est....
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