2024 Update: Long-Term Rental Markets In Florida

/ Categories: Research, Housing Affordability

This Florida TaxWatch commentary highlights the imbalance between the demand and supply of rental units in the state, leading to rising rental costs. The document notes significant increases in rental prices since the pandemic, with specific emphasis on metropolitan areas like Miami, Tampa, and Jacksonville. It also addresses the impact of these rising costs on Florida's workforce and economy, including the implications for cost-burdened households. The paper further examines state-to-state migration trends, particularly focusing on Florida residents moving to Georgia for more affordable housing options. The overall narrative suggests a complex interplay between economic factors, housing market dynamics, and demographic shifts in Florida's rental market.

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