Single-family rentals are on the rise in Southwest Florida.
Nearly a quarter of all single-family homes in Southwest Florida were occupied by tenants or available for lease last year.
According to U.S. Census data, Palm Beach, Broward and Miami-Dade counties said 22 percent of the 904,700 homes were used as rentals in 2015. That is up from 19.5 percent in 2014.
Traditionally, renters have been young, single professionals living in apartments. Now, more families are turning to single-family rentals because they have postponed ownership or can’t afford to buy.
