Rent in Central Florida has increased by more than 20% in the last year

ORLANDO, Fla. — A group of Florida Democrats just sent a letter to Gov. Ron DeSantis. They want him to expand an upcoming special session about property insurance to also include rent relief.

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Rent in Central Florida has gone up by more than 20% in the last year.

Renters in Orlando are paying about 37% of their income on housing.

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The rent rule of thumb is your monthly payment should not be more than 30% of your income.

The median price of a home has increased by $100,000 in a year thanks to huge demand and low supply.

READ: Developers: Here’s how to solve Central Florida’s housing crisis

“1,000 people were moving here a week to the greater Orlando area. We are not building 1,000 units a week,” said Austin Valle, with Orlando Yimby.

Lawmakers said solutions are needed to bring stability to the “volatile market.”

VIDEO: 9 Investigates - Are investors driving Central Florida’s housing crisis? Data shows investors bought nearly a quarter of the available homes for sale in the Orlando Metro area last year, well above the national average. (Karla Ray, WFTV.com/WFTV)

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