For the second year in a row, Florida is the leader in the price of a single-family home.
The average price of two-family houses and townhouses rose nearly 20% between 2013 and 2016, while single- and duplexes and townhomes each rose only 4%.
The state’s median home value jumped 6.9%, and the median price of condos jumped 15%.
But Florida’s housing crisis isn’t confined to the Sunshine State.
As in most states, home prices have dropped in other states, too.
And the same is true for rents.
The median rent for a one-bedroom apartment in the state jumped by 9% between 2015 and 2016.
The statewide median rent dropped by 5%.
And while Florida’s median rental price rose 5.2% from 2014 to 2016, that is still a far cry from the national average of 10% increase.
The national median is about $4,400, and the state’s is about a third of that.
Here are the top 10 states with the highest median rents and the lowest median home values:1.
New York: $2,8563.