Tampa Bay rent prices are rising faster than household income, new study finds

A new study finds that rent prices in the Tampa Bay area have been outgrowing household income since 2000. Data research firm Real Estate Witch analyzed publicly available data from the U.S. Department of Housing and Urban Development, the Federal Reserve Bank of St. Louis and the U.S. Census Bureau to determine the difference between income versus rent growth. Across the nation, rent prices from 1985 to 2020 have increased by 135%, while income increased by 35%. In Tampa Bay, rent rose by 113%…Original Article