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MIAMI, FL - Researchers have concluded that South Florida is the most overvalued rental market in the United States.
Researchers at Florida Atlantic University and Florida Gulf Coast report that South Florida is the most overvalued rental market in the country with renters paying 22% more than they should.
According to their study, the average rental price in South Florida is $2,832, but should be closer to $2,326.
Researchers used past leasing data to model prices.