Even as rents fall nationwide, many cities in Florida remain overvalued for renters, according to the Waller Weeks and Johnson Rental Index, a collaboration by researchers from Florida Atlantic University, The University of Alabama, and Florida Gulf Coast University.
In December, rents fell in 71 of the nation's 100 largest metropolitan areas, indicating that the U.S. rental crisis is easing, even as markets in Florida remain overvalued and unaffordable for many consumers.
Florida checks boxes when it comes to supply and demand and high rents. The state lost many units to recent hurricanes; and it is in the popular Sunbelt area, where rent relief is happening much slower in the Sun Belt states, according to the report.
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