With generous tax breaks, a growing financial technology scene, and year-round sunshine, Miami is among the metros growing fastest in demand for millionaire renters.
According to a recent study by RentCafe.com, many of the nation’s wealthy are opting to rent. Their data shows that millionaire renter households have grown about three times as fast as millionaire homeowners from 2020 to 2024.
Miami’s number of millionaire renter households grew more than 10 times in the time period, climbing from 51 in 2020 to 538 in 2024, making the Miami Metro area the #3 fastest-growing metro for millionaire renters, trailing only Houston (Txs) and Naples (FL)…