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By Kerry Smith<\/div><\/div>\n

The median U.S. asking rent climbed 7.4% year-to-year to $2,007 in Nov. In Fla., Miami\u2019s rate was higher, Orlando and Tampa lower, and Jacksonville saw a decline.<\/span><\/span><\/p>\n<\/div>\n

SEATTLE \u2013 The median U.S. asking rent climbed 7.4% year-over -year to $2,007 in November \u2013 the smallest increase in 15 months and the sixth-consecutive month in which annual rent growth slowed, according to a report<\/a>\u00a0from Redfin. November also marked the third-straight month of single-digit rent growth following almost a year of double-digit increases.<\/span><\/span><\/p>\n

As a state, Florida didn\u2019t follow any specific trends. Rental rates increased more than the national average in Miami, less in Orlando and Tampa, and Jacksonville even saw a 1.8% year-to-year decline in asking rents.<\/span><\/span><\/p>\n

Florida metro\u2019s asking rent and year-to-year changes<\/span><\/span><\/h3>\n
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Jacksonville<\/strong>: $1,582, down 1.8%<\/span><\/span><\/li>\n
Miami<\/strong>: $3,268, up 9.2%<\/span><\/span><\/li>\n
Orlando<\/strong>: $2,084, up 3.1%<\/span><\/span><\/li>\n
Tampa<\/strong>: $2,100, up 1.7%<\/span><\/span><\/li>\n<\/ul>\n
\u201cRent growth is likely to continue cooling,\u201d says Redfin Economics Research Lead Chen Zhao. \u201cAsking rents are already down annually in 14 of the metros Redfin tracks, and we expect declines to become more common in the new year. That should ultimately help slow inflation further. Slow inflation will lead to lower mortgage rates, which should also bring more homebuyers back to the market.\u201d<\/span><\/span><\/p>\n
14 U.S. metros with year-to-year rental price declines<\/span><\/span><\/h3>\n
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Milwaukee: down 13.1%<\/span><\/span><\/li>\n
Houston: down -6.3%<\/span><\/span><\/li>\n
Austin: down -5.3%<\/span><\/span><\/li>\n
Baltimore: down -4.4%<\/span><\/span><\/li>\n
Minneapolis: down -4.1%<\/span><\/span><\/li>\n
Chicago: down -3.8%<\/span><\/span><\/li>\n
Denver: down -2.9%<\/span><\/span><\/li>\n
Atlanta: down -1.8%<\/span><\/span><\/li>\n
Dallas: down -1.8%<\/span><\/span><\/li>\n
Jacksonville<\/strong>: down -1.8%<\/span><\/span><\/li>\n
Boston: down -1.7%<\/span><\/span><\/li>\n
Los Angeles: down -1.3%<\/span><\/span><\/li>\n
Las Vegas: down -0.7%<\/span><\/span><\/li>\n
New Orleans: down -0.3%<\/span><\/span><\/li>\n<\/ol>\nTop 10 metros for year-to-year rental price increases<\/span><\/span><\/h3>\n
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Raleigh: up 21.8%<\/span><\/span><\/li>\n
Oklahoma City: up 17.9%<\/span><\/span><\/li>\n
Indianapolis: up 15.8%<\/span><\/span><\/li>\n
Cleveland: up 14.9%<\/span><\/span><\/li>\n
Nashville: up 14.8%<\/span><\/span><\/li>\n
Salt Lake City: up 13.9%<\/span><\/span><\/li>\n
Pittsburgh: up 12.4%<\/span><\/span><\/li>\n
Memphis: up 10.1%<\/span><\/span><\/li>\n
Tie: Cincinnati, Miami<\/strong> and San Diego: up 9.2%<\/span><\/span><\/li>\n
Columbus: up 8.4%<\/span><\/span><\/li>\n<\/ol>\n
\u00a9 2022 Florida Realtors\u00ae<\/span><\/span><\/p>\n<\/div><\/div>\n
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\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"
By Kerry Smith The median U.S. asking rent climbed 7.4% year-to-year to $2,007 in Nov. In Fla., Miami\u2019s rate was higher, Orlando and Tampa lower, and Jacksonville saw a decline. SEATTLE \u2013 The median U.S. asking rent climbed 7.4% year-over -year to $2,007 in November \u2013 the smallest increase in 15 months and the sixth-consecutive month in which annual rent growth slowed, according to a report\u00a0from Redfin. November also marked the third-straight month of single-digit rent growth following almost a year of double-digit increases. As a state, Florida didn\u2019t follow any specific trends. Rental rates increased more than the national average in Miami, less in Orlando and Tampa, and Jacksonville even saw a 1.8% year-to-year decline in asking rents. Florida metro\u2019s asking rent and year-to-year changes Jacksonville: $1,582, down 1.8% Miami: $3,268, up 9.2% Orlando: $2,084, up 3.1% Tampa: $2,100, up 1.7% \u201cRent growth is likely to continue cooling,\u201d says Redfin Economics Research Lead Chen Zhao. \u201cAsking rents are already down annually in 14 of the metros Redfin tracks, and we expect declines to become more common in the new year. That should ultimately help slow inflation further. Slow inflation will lead to lower mortgage rates, which should also bring more homebuyers back to the market.\u201d 14 U.S. metros with year-to-year rental price declines Milwaukee: down 13.1% Houston: down -6.3% Austin: down -5.3% Baltimore: down -4.4% Minneapolis: down -4.1% Chicago: down -3.8% Denver: down -2.9% Atlanta: down -1.8% Dallas: down -1.8% Jacksonville: down -1.8% Boston: down -1.7% Los Angeles: down -1.3% Las Vegas: down -0.7% New Orleans: down -0.3% Top 10 metros for year-to-year rental price increases Raleigh: up 21.8% Oklahoma City: up 17.9% Indianapolis: up 15.8% Cleveland: up 14.9% Nashville: up 14.8% Salt Lake City: up 13.9% Pittsburgh: up 12.4% Memphis: up 10.1% Tie: Cincinnati, Miami and San Diego: up 9.2% Columbus: up 8.4% \u00a9 2022 Florida Realtors\u00ae X ADVERTISEMENT Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":7412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/7411"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=7411"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/7411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/7412"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=7411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=7411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=7411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Florida metro\u2019s asking rent and year-to-year changes<\/span><\/span><\/h3>\n\nJacksonville<\/strong>: $1,582, down 1.8%<\/span><\/span><\/li>\nMiami<\/strong>: $3,268, up 9.2%<\/span><\/span><\/li>\nOrlando<\/strong>: $2,084, up 3.1%<\/span><\/span><\/li>\n