This rental market report analyzes Q4 2022 data for three-bedroom (3-BR) single-family rental (SFR) properties in these five Florida cities: Boca Raton, Cape Coral, Fort Lauderdale, Hollywood, and West Palm Beach.
Considering home prices, the city with the lowest gross rent multiplier (GRM) in the state of Florida was West Palm Beach with a GRM of 8.
Geography: The scope of this analysis is five cities in the state of Florida with the lowest GRMs.
Property Type: 3-BR SFRs with all bathroom counts.
Analysis: Rent data and home price data for Q4 2021 and 2022 were analyzed. The GRMs were calculated by dividing the Q4 2022 average home price by the annualized Q4 2022 average rent price.
Data: Rentometer rent data and Zillow Home Value Index prices were utilized in this report.
For more data, visit www.rentometer.com.
Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.