Rent in Central Florida about $240 more than it should be, study says

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Orlando’s residential rental market is the 13th-most “most overvalued” in the U.S., according to a recent study.

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In Orlando, the average rent for a residential unit was $1,999 a month as of May.

This is 13.48% higher than what rents “should be,” based on historical data collected since 2014 from Zillow’s Observed Rental Index (ZORI) on apartments, rented houses, and rented condos.

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If rates had followed predictable models, the average rent locally would be $1,761.58 a month.

Click here to read the full story on the Orlando Business Journal’s website.

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