U.S. apartment market sees moderate rent growth, healthy occupancy in 3Q Moderate growth in
U.S. apartment rents registered again in 3rd quarter 2017, as the market remained essentially full.
Not exact matches
For example, Fort Lauderdale
apartment rents are already less affordable than in most large
U.S. cities and up by nearly three percent in the last year.
U.S. Rep. - elect Chris Gibson plans to make his Washington, D.C., office his home when in the nation's capital, eschewing paying
rent on an
apartment or house.
Also in the Post is a report on the high - profile tenants of the Lenox Terrace
apartment complex in Queens, where
U.S. Congressman Charles Rangel caught fire for having four
rent - stabilized
apartments earlier this month.
Despite getting the support of the Queens congressional delegation, the
U.S. House voted 333 to 79 last Thursday to censure
U.S. Rep. Charles Rangel (D - Astoria) for improperly soliciting donations, improperly using a
rent - stabilized
apartment and tax evasion.
According to research conducted by the National Multifamily Housing Council, roughly one - third of
apartments in the
U.S. are
rented by someone under 30 years old.
The
U.S. Department of Justice's Bureau of Justice Statistics reports the chances of a
rented home or
apartment being robbed were 79 percent higher than that of people who own their homes.
The
U.S. Department of Justice's Bureau of Justice Statistics reports the chances of a
rented home or
apartment experiencing theft were 79 percent higher than that of people who own their homes.
New
apartment communities that open their doors in 2017 will probably still enjoy a strong
U.S. apartment market — despite a slightly higher vacancy rate and slower
rent growth...
MPF Research reports that the
U.S. apartment sector continues to post strong fundamentals even as new supply levels ramp up — with occupancy registering around 95 % and annual
rent growth around 3 % for the seventh consecutive quarter.
Apartment property revenues in the
U.S. grew approximately 5.2 % in 2015, with
rents for new - resident leases up 4.8 % and occupancy up 40 basis points.
Most cities in the
U.S. are like Minneapolis, where home prices have risen 7 % over the past three years, and
rent for the average two bedroom
apartment has gone from $ 960 to just over $ 1000, a 4.3 % increase.
Stability remains the key theme for the
U.S. apartment market as annual
rent change clocked in at 2.3 % in November 2017.
While
U.S. apartment construction is at three - decade highs, most of the new units are of the luxury, high -
rent variety.
According to myapartmentmap.com, the average
rent for a studio
apartment in Virginia is $ 1,272, $ 200 higher than the
U.S. average.
Among the
U.S. apartment quality spectrum, Class A product has been the usual leader for occupancy rates and
rent growth.
For example, Williston — the epicenter of the state's oil boom — posted the highest average
rent in the
U.S. at nearly $ 2,400 a month for a one - bedroom
apartment, according to the Apartment Gui
apartment, according to the
Apartment Gui
Apartment Guide study.
MPF Research examined the relationship between
apartment rent, income and employment levels in each of the top 50
U.S. metros over the past seven years.
Memphis, Tenn — The median home value is 46 percent below the national median (see mortgage rates in this area), and the average
apartment rent of $ 709 per month is 21 percent below the
U.S. average.
Of these professions, only one — flight attendants — has an average wage high enough to afford the mortgage on a median - priced home in the
U.S., and workers in two of the jobs — housekeepers and wait staff — can not afford the typical
rent on either a one - or two - bedroom
apartment in any metro area.
Rents are soaring and demand for
apartments is historically high, but some developers and landlords are overestimating the strength of the
U.S. apartment market — and paying for it in quarterly earnings.
As
U.S. real estate sale prices have declined faster than
rents due to the economic crisis, cap rates have returned to higher levels: as of December 2009, to 8.8 % for office buildings in central business districts and 7.36 % for
apartment buildings.
November marked the largest month - over-month increase in
U.S. median
rent for
apartments so far this year, according to a recent ABODO report.
The median home value is 46 % below the national median (see mortgage rates in this area), and the average
apartment rent of $ 709 per month is 21 % below the
U.S. average.
The
U.S. apartment market's performance stumbled during the first quarter of 2018, as occupancy backtracked and
rent growth continued to flatten.
The city offers some of the cheapest
apartments in the
U.S. when it comes to median
rent and boasts some of the most affordable home prices on our list.
Rental affordability has come under fire in recent years — especially in the
apartment market, as activists are quick to point out the sharp
rent increases in
U.S. apartments during the current cycle.