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A new report from Florida TaxWatch found that rents have begun to stabilize after a huge influx of residents moving into the state drove housing costs up during and immediately after the pandemic.
Even with a small drop, the report states some residents, even as Florida remains a national leader in picking up people from other states, are leaving the Sunshine State and heading north to Georgia.
The nonprofit government watchdog group’s "2024 Update: Long-Term Rental Markets in Florida" found that rents in the state’s biggest cities, including Tampa, remain high but have been declining since November, a sign of a potential “slow down” throughout the year.
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