Port St. Lucie rents soar, ranking fifth in nation

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Port St. Lucie, the city known for affordable housing, is getting less affordable. Rents for single-family homes there soared 15 percent in the past year, according to research company RentRange.

That was the fifth-largest rental increase in the nation, trailing only Fort Myers, New Orleans, Seattle and Daytona Beach. The average monthly rent was $1,578 in the second quarter of 2016, up from $1,370 a year earlier, RentRange said.

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