Tampa metro rental costs growing at twice the rate of income

Rent in the Tampa metropolitan statistical area hasn’t increased as much as the national average over the past three years, but it is growing at twice the rate of income, according to a new study by the National Association of Realtors.

Since 2009, rental costs in the Tampa-St. Petersburg-Clearwater metro area rose 12.89 percent, while income grew by 6 percent. It was the only local MSA in the study.

NAR analyzed housing costs, income growth and the number of owner-occupied homes in 70 of the United… …read more