High cost of homeownership and a tight housing market drive demand for rental properties
Lee Robbins, a 36-year-old accountant, left Indiana for central Florida five years ago in search of sun and a six-figure job. He found both in Sanford, Fla., but one thing hasn’t changed. Mr. Robbins is still a renter.
With the city’s median home price up more than $100,000 during the pandemic, Mr. Robbins said he needs a few more years to save for a down payment even though he now makes six-figures. “It’s not what I envisioned, to be in a two-bedroom apartment with my son,” Mr. Robbins said.
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