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Plan to shell out more if you're renting in Tampa Bay

Over the next 12 months, Tampa Bay's average monthly rent is expected to  jump to $1,373 from the current $1,347.
[Times file photo]

Over the next 12 months, Tampa Bay's average monthly rent is expected to jump to $1,373 from the current $1,347. [Times file photo]

If you feel especially pinched each time you pay your rent, it's only getting worse. Zillow says that the average Tampa Bay renter needs $312 in additional income this year to keep up with expected rent increases.

Over the next 12 months, Tampa Bay's average monthly rent is expected to jump to $1,373 from the current $1,347. That's a 7 percent increase, more than in several other metro areas but far less than in Orlando, where renters will need $672 more, or Seattle, where they'll need a whopping $1,248.

Nationally, renters would need a raise of about $168 a year to keep pace with rising rents. In most major markets, rental affordability is worse than it was before the housing boom and bust, Zillow says.

Plan to shell out more if you're renting in Tampa Bay 04/07/17 [Last modified: Sunday, April 9, 2017 2:36pm]
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