CBS News: “Rents, which are rising by double-digits nationwide, are positively ballooning across Florida, fueled by a surge of people who relocated to the state during the pandemic. Florida’s population is growing faster than any state but Texas: Between 2020 and 2021, 300,000 people moved to the Sunshine State.
“In February, Realtor.com designated Miami as America’s least affordable place to live. Average monthly rents in the metro area, at $2,930, are on par with San Francisco and Los Angeles — and double the level considered affordable for people in the region given the local median income. Miami, Orlando and Tampa have the fastest-growing rents in the country over the past year.”