Orlando Rents Spike As More Millennials Consider Home Buying

Dated: 08/07/2018

Views: 365

Orlando renters in large apartment complexes are paying $107 more on average per month than a year ago, according to a national analyst — and that coincides with a rise in millennials buying homes.

Orlando’s 8.4 percent increase in rent doubles the national average and tops RentCafe’s list for the 20 biggest U.S. markets in complexes with 50 or more units. Those rents came in at an average of $1,387, bringing them within $18 of RentCafe’s national average.

Rising rents are part of the reason millennials are buying more homes than they did in the recent past, said broker associate Dusty Sutton of Keller Williams at the Parks in Orlando. But their interest in homeownership started before rent began to skyrocket, she said.

“That’s what’s been pushing the market,” Sutton said. “First-time homebuyers are millennials, that’s who’s buying. That’s why anything in downtown Orlando under $400,000 is getting multiple offers.”

Don't pay these sky high rents when you could own a home and an investment.

Call or Message me today for more details.

Jenna Stauber

jennastauber.re@gmail.com

352-223-9583




Original Story posted in the Orlando Sentinel written by Bill Zimmerman
 

Want to Advertise on this Site?

Latest Blog Posts

A Guide To Home Insulation Materials

Insulation is one of those building products that you never see, because it is usually covered up by something else. But if you don't have enough, or if it is installed incorrectly, you're wasting

Read More

STOP RENTING FIRST TIME HOME BUY WITH NO MONEY DOWN WITH GOOD CREDIT

RENTERSStop Paying YourLandlord'sMortgage.Free Report reveals HowEasy it is to BuyYour Own Home.Free recorded message1-844-877-8814ID# 1001TEXT ME AT 321-231-8487his new one story home features an

Read More

HOW TO SELL YOUR HOME WITH OUT AN AGENT

How to Sell Your Central Florida HouseWithout An Agent And Save theCommissionCentral-Fl - If you've tried to sell your homeyourself, you know that the minute you put the "ForSale by Owner" sign

Read More

For Sale By Owner Home Without An Agent You May Not Know The Questions To Ask To Stay Safe

Buyers need to keep a few things in mind. An exceptional buyer’s agent represents your best interests. The agent owes the buyer undivided loyalty, confidentiality, reasonable care, obedience to

Read More