Special Report

The Cost of Housing Has Skyrocketed in these Major US Cities

Source: Art Wager / E+ via Getty Images

1. Miami-Fort Lauderdale-West Palm Beach, FL
> Shelter CPI, Dec 23, YoY chg.: 17.2%
> Median gross rent, 2021: $1,519 – #25 highest of 386 metros
> Median home value, 2021: $362,500 – #60 highest of 386 metros
> Population, 2021: 6,091,747 – #9 highest of 386 metros

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.