With home prices in Miami nearly 10 times the metro’s average household income, more new residents are expected to turn to the rental market.
December 30, 2022 at 03:19 PM
3 minute read
Florida Bureau Chief
Job growth continues to fuel renter demand in South Florida as global companies continue relocating to the region.
Miami has one of the strongest job markets in the country. according to MIAMI Association of Realtors, As of October 2022, the unemployment rate in the Miami-Fort Lauderdale-West Palm Beach metro area was 2.3%, compared to 3.7% nationally.
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