Florida Has Most Overvalued Apartment Rents in the Country, and Miami Leads
When it comes to the largest annual increases, Miami again tops the list at 18.81 percent.
November 09, 2022 at 08:02 AM
2 minute read
Real Estate News
The original version of this story was published on Law.com
Florida is the most overpriced apartment market in the country, perhaps even twice as much as the national average, according to a report this week from Florida Atlantic University and two other schools.
While the US rental "crisis" appears to be softening, according to the report, Florida rents remain expensive.
Miami leads the US with renters spending 18.22 percent more than they should, based on past leasing price history. Five other Florida markets are among the top 10 in most overpriced rental premiums: Cape Coral-Fort Myers, Tampa, North Port-Bradenton, Orlando and Deltona-Daytona Beach.
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