The Brief
- The number of millionaire households renting in the Tampa metro area increased 262% between 2020 and 2024, according to a new RentCafe report.
- Tampa ranked 15th nationally for growth, outpacing the national increase of 229%.
- Local realtors say many wealthy newcomers are renting for about a year while deciding where they want to buy a home.
TAMPA, Fla – The Tampa Bay area is seeing a growing number of millionaire families choosing to rent rather than immediately purchase homes.
What we know:
According to a report from RentCafe, the number of millionaire households renting in the Tampa metro area jumped from 21 in 2020 to 76 in 2024.…