By Joel Malkin
Apr 14, 2021
Seven Florida cities are on a list of those with the greatest rise in rent values this year.
Palm Beach Gardens is number 1, according to the rankings from insurance comparison site
Analysts say that While many major metropolitan areas saw significant declines in rent value due to the pandemic, Palm Beach Gardens experienced an overall rise of rent values indicative of increased demand for apartments.
The median rent cost spiked from February of 2020 to February of this year by 10.55 percent, with the median being just over $2,100 a month.
Wellington made the list in third place, with an 8.28 percent rise year-over-year.
Four of the seven Florida cities are in Palm Beach County, including #1 Palm Beach Gardens, where renters are paying 10.55% more year-over-year in median rental rates.
Florida Has 7 Of The Top 20 Cities With Greatest Rise In Rent Values | NewsRadio WFLA iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.
By Joel Malkin
Apr 14, 2021
Seven Florida cities are on a list of those with the greatest rise in rent values this year.
Palm Beach Gardens is number 1, according to the rankings from insurance comparison site
Analysts say that While many major metropolitan areas saw significant declines in rent value due to the pandemic, Palm Beach Gardens experienced an overall rise of rent values indicative of increased demand for apartments.
The median rent cost spiked from February of 2020 to February of this year by 10.55 percent, with the median being just over $2,100 a month.
Wellington made the list in third place, with an 8.28 percent rise year-over-year.
Florida Has 7 Of The Top 20 Cities With Greatest Rise In Rent Values | 1290 WJNO iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.