Millionaire Renters Flocking To Miami

Posted: June 13, 2025 | Source: www.floridarealtors.org

More people are choosing to rent rather than buy a home or condominium in Miami, Florida. While the number of rental millionaires has surged in Naples, Tampa and Orlando, the rental trend has become especially common in the Miami area, where the number of millionaire renter households has increased 325% since 2019.