Coconut Grove Rental Market Update

If you are looking for a single family home to rent in Coconut Grove then you are probably pulling your hair out with frustration.  There are just 5 single family homes on the market in Coconut Grove and prices start at $3,000 for a 2 bedroom/2 bath 1,669 square foot house.  The 3 bedroom homes jump up to $4,000 and up.

With inventory so low, it is inevitable that rental prices will continue to increase.  The chart below shows the cost of rentals across the country since 1988.   Buyers have a choice whether to purchase a home and lock in their expenses now, or deal with the uncertainty of rental increases.

Rents

 

I am a Coconut Grove real estate specialist.  Over the past 4 years, I have earned the distinction of selling the most number of homes in Coconut Grove.  If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.

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