Miami-Dade County named America’s most competitive rental market

Miami-Dade County is the hottest rental market in America in 2023, due to its booming tech industry and no income tax policy. Despite a 3.7% increase in housing supply, rental costs remain high with an average rent of $3,280. The high rental demand has led to a severe housing affordability issue, with homeowners allocating a large part of their income towards housing costs.