Sentences with phrase «if median rent»

It is not necessary to stay close to median rent if the median rent is too high.

If median rent increased at the same pace of inflation, that $ 425 in 1995 would translate to $ 680 today.

Not exact matches

In other words, the median asking rent is $ 184 higher today than it would be if rental rates had risen only as fast as inflation over the past two decades.

I'd keep living in your place if you like it, and redeploy capital where the Price to Median Rent is below 9.6 X.

The median gross rent is just $ 941, and if you factor in maintenance, taxes, and homeowners insurance, it's far cheaper to rent even when you're paying for Colorado Renters Insurance as well.

The median gross rent for Chandler still hovers around $ 1,100 a month, which is a steal for the area — especially if you have a roommate.

Both cities have surpassed previous rent and occupancy peaks and may be nearing the point where landlords will no longer be able to raise rents if the median wage remains stagnant, Calanog said.

So if you have a 2BR and the area median rent is $ 2000, and you have a 2BR at $ 2000, your tenant is on the hook for 30 % of his income and the rest of the rent comes from the government.

Under the test, a building is generally a qualified low - income building if at least 20 percent of the units are both rent restricted and are occupied by tenants whose income is less than or equal to 50 percent of area median gross income.

These make great renters if you do your diligence and find a good tenant (which is important in every market) Also, as far as your stats on the median income in for example Okemos, the median income is 75k but no one in that community that is making near the median income is actually renting (also property taxes are high)