Local Renters “Severely Burdened”: Study



A new study from the Harvard Joint Center for Housing Studies confirms what many Tampa Bay apartment and home renters already know—rent is sky high here.

The study says more than a quarter of local renters pay at least half their monthly income for housing.

One big reason, the rising demand for rentals that is driving up cost and slow-growing wages.

Another reason, thousands of luxury rentals are opening across the bay area while affordably priced rental units are tougher to come by.