Tampa monthly rent up 30%, averaging over $ 2,000, study finds

TAMPA, Fla. (WFLA) – A new study of steadily rising rental costs in the United States has found that the average Tampa rent per month is just over $ 2,000. The annual rent variation is now 30.5%.

Both rental costs and mortgages are on the rise. The average cost of a monthly mortgage in Tampa is up 25.3% from a year ago to $ 1,301. Rent on the Tampa subway averages $ 2,059, but the study did not say whether the average was for all apartments and rentals, or certain types, like one or two bedrooms.

The Redfin study also said that “skyrocketing rents in some of the most desirable cities suggest there is an overall shortage of homes, and not just homes for sale.”

Florida Realtors survey data agrees. Studies in Florida from October found that the available inventory of single-family homes, townhouses, and condos for sale in the state had declined significantly and more buyers were paying cash in 2021 for their news. houses.

Redfin examined the 50 largest metropolitan areas in the United States for changes in rental costs over the past year. Only one major metro has seen rental prices drop, St. Louis, Missouri, where rents are down 4%.

Redfin’s analysis notes in its study that “the prices in this report reflect the current costs of new leases and mortgages during each period. In other words, the average rent of $ 3,343 in the Anaheim metro area is not the average of what all tenants pay, but the average cost of apartments available to new tenants in August 2021. ”

Among the top 10 metropolitan areas with the fastest rising rents, ranked in the study, four of the cities are in Florida. West Palm Beach, Fort Lauderdale and Miami are the top three, with Seattle and Jacksonville finishing in the top five.

“The metropolitan areas with the biggest increases in rent prices – up more than 30% – were in Florida, Washington state, Oregon, Texas and New York,” according to Redfin.

Here is the ranking of each of the top 10 subways, with the increase in their rent over the past year.

  1. West Palm Beach, Florida (36%)
  2. Fort Lauderdale, Florida (36%)
  3. Miami, Florida (36%)
  4. Seattle, Washington (32%)
  5. Jacksonville, Florida (32%)
  6. Portland, Oregon (31%)
  7. Austin, Texas (31%)
  8. Newark, NJ (31%)
  9. Nassau County, NY (31%)
  10. New York, NY (31%)

About Teresa G. Wilson

Check Also

Knox Habitat in the Top 45

Knoxville Habitat for Humanity was recognized as a Top 45 Affiliate for the third year. …