One Tampa Bay area city is seeing single-family rental rates soar

Single-family home rental rates are skyrocketing and a Tampa Bay area city has some of the highest in the country.

The Sarasota metro has seen the third-highest increase in single-family rental rates in the United States over the past 12 months that ended in September, reports Yahoo Finance.

A report by RentRange, a data analysis company for real estate investors, shows the Sarasota area has seen an increase of 17 percent. The area ties for the same percentage of growth with San Francisco and Charleston.

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