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Orlando Sentinal Article: Orlando rents on the rise

By Mary Shanklin, Orlando Sentinel

11:30 a.m. EDT, July 24, 2013

Renters in the Orlando area have seen their monthly rents increase twice as much from a year ago than renters nationally, a new report shows.

In June, landlords in the four-county Orlando area asked a median of $1,238 for monthly rental rates in apartments and single-family homes — an increase of 3.3 percent from a year earlier, according to a new report released recently by Zillow real estate research. Nationally, the midpoint asking price for rents was about $50 higher than Orlando’s but rates throughout the country increased by only 1.6 percent from a year earlier.

Within the greater Orlando area, the five neighborhoods where asking rents rose the most during the last year were: north of the Orlando International Airport, 11.1 percent; Baldwin Park, 11 percent; the area from Mall at Millenia to Edgewood, 9.6 percent; College Park, 7.5 percent; and the Monterey area north of Curry Ford Road, 7.2 percent.

Five neighborhoods where rents have decreased or increased very little include: north Rosemont, a 2.2 percent decrease; Venutra, a 1.6 percent decrease; Southport, a 1 percent decrease; Kirkman South, no change; and South Orange, a 0.1 percent increase.

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