991 - The State Of Florida’s Rental Market: What The Data Means For Investors by Melanie Kershaw

Forget basketball and even the weather—when anyone mentions the Miami “heat” in recent years, it’s more likely to be real estate talk. But in 2023, when interest rates have spiked, and the markets are showing signs of slowdown and seasonality returning, is Miami still the hottest place to own a residential investment property? What about Central Florida’s boom cities Orlando and Tampa? Or are the better deals up north in Jacksonville?

In our third and final installment of market snapshots, BiggerPockets has teamed up with Belong to look at the Sunshine State. If you want guaranteed rent every month in popular cities like Miami, Orlando, Tampa, and Jacksonville—check out if you qualify for BelongX, the new app changing the way residential investors manage their rental homes. 

Only you know your financial situation and what you can take on, so this report is designed to support your research by presenting stats on median pricing, rents, and the current state of the market in Florida. The data published is accurate as of April 2023. 

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