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  1. Business

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]
Published Apr. 9, 2017

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.

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