To calculate value, for instance, we started by
comparing average rents to average home prices, since we believe that one of the best indicators of a home's financial worth is how much rent it can generate for you.
The analysis
compared average rent in each city to local teacher salaries.
We use these figures to calculate the rent - to - mortgage ratio, which
compares the average rent to the average mortgage payment a typical homeowner would have to make in that city.
When you receive your requested free market assessment,
compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Not exact matches
There's only one problem, as some critics have noted: It's not terribly useful to
compare federal minimum wage with the
average U.S.
rent.
To answer that question, SmartAsset gathered data on
average rents and home prices, and
compared buying to
renting in every county in America.
That is far above the
average asking
rent for Midtown, which was $ 75.20 per square foot last month,
compared with $ 74.59 per foot the prior month, Colliers figures showed.
If you
compare home prices and
rent prices in Jacksonville to the nation, the home price is 21 % less and
rents are 4 % above the national
average.
My fiance and I live in a town where
rent prices are outrageous
compared to the
average salaries.
The cost of insuring our
rented unit are 7 % higher
compared to the state
average.
The rise in Vancouver's
average housing prices
compared with the growth in
average wages,
rents and other economic factors make it the most likely to experience a sudden downward correction
compared with 17 other large cities around the globe, according to the UBS Global Real Estate Bubble Index released this week.
Although the
average wage tends to be on the lower end
compared to some destinations, you could find yourself paying less than # 200
rent a month, which as you might imagine, is a great bonus.
Similarly, French people are more interested in
renting holiday accommodation directly from an individual (46 %
compared to an
average of 34 % for Europeans, 38 % for Americans and 36 % for Brazilians).
Take out a mortgage on a unit for this price,
compared to paying the
average monthly
rent for a 2 - bedroom apartment in the city, $ 4,042, and buying does become cheaper over time — but crunch the numbers, and it'll take you 11 years into a 30 - year mortgage before you start to see savings take effect.
When you
compare this cost to the
average homeowner's premium in Ohio, which can be as much as $ 1000 per year, then you are certainly in a good position
renting, rather than owning.
The cost of insuring our
rented unit are 7 % higher
compared to the state
average.
However, price is still the main concern for many renters, and according to a survey by lettings group LSL, the
average rent paid by private tenants in the capital was # 1,057,
compared to # 725 for the UK as a whole — a difference of more than 31 %.
Specifically,
renting a one - bedroom apartment in New York, on
average, will set you back $ 3100,
compared to $ 3800 in San Francisco.
Roughly 68 percent of Newark children live in low - income households -
compared to the state
average of 31 percent, and 59 percent of families spent 30 percent or more of their income on
rent.
RealPage lease - transaction records show the
average rent roll premium for an urban apartment property
compared to a top - end suburban counterpart has eroded by 9 percentage points on a same - store basis over the last five years.
American Campus Communities (ACC) reported an
average same - property occupancy rate of 97.6 percent, with
rents that grew 2.6 percent
compared to the year before.
By that measure, the portfolio's sales per sq. ft. would be $ 765; the
average base minimum
rent would be $ 67.60,
compared with $ 51.87; and leasing spreads would increase to 16.4 percent,
compared with 13 percent, they said during the earnings call.
Average effective
rents, meanwhile, are expected to go up 4.9 percent for the year,
compared to growth of 4.1 percent in 2015.
With relatively low real estate and employee costs in markets like Atlanta, Dallas and Raleigh - Durham, N.C., where
average rents are in the low $ 20s per sq. ft.
compared to an
average of mid - $ 50s in the Bay Area and New York City, more and more secondary and even tertiary tech markets will benefit from tech industry's seemingly infinite expansion plans, she says.
Rents for new leases increased an
average 6.5 percent
compared to the prior rental rates in May.
And with a section 8 tenant we
average about an extra 2 - 3 K in damages and past due
rent compared to non sec. 8.
Comparable mall store occupancy increased 2.0 % to 86.8 % from 84.8 % at June 30, 2001, and comparable mall store
average rents increased 0.4 % to $ 21.89 per sq. ft. Mall store
average rents are $ 23.25 per sq. ft. Regional mall anchor occupancy was 94.7 %,
compared to 95.7 % in 2001, while
average anchor
rents increased to $ 5.39 per sq. ft. from $ 5.35 in the second quarter of 2001.
Median home prices in the 586 counties analyzed in the report increased more than 7 percent on
average in the third quarter of 2014
compared to a year ago, while
average fair market
rents for three - bedroom homes increased an
average of less than 1 percent.
This study of economic performance across the Washington, D.C. metropolitan area found that the
average vacancy - adjusted annual office
rent in walkable areas is $ 37 per square foot,
compared to $ 21 for drivable sub-urban office
rents, a 75 % rental premium.
HomeUnion says the annual
rent for a single family residence in Cincinnati is $ 15,768
compared to the
average annual income of $ 32,100 for the city.
Within the following exhibit, we've
compared asking
rent growth to the changes in
average hourly earnings for assisted living workers, figures that are tracked and monitored by the U.S. Bureau of Labor Statistics.
Those high - profile strips command an
average asking
rent of $ 48.65 per square foot, a 46.9 percent premium
compared to the rest of the country.
Even when
compared to the previous three months (1552, 1517 and 1562) the
average rent of $ 1548 in January shows a continuation of the upward trend.
To answer that question, SmartAsset gathered data on
average rents and home prices, and
compared buying to
renting in every county in America.
Yet,
renting in these markets is more expensive, taking an
average 27 percent of income
compared to 25 percent for the U.S.
Annual effective
rent growth
averaged 2.7 % for properties located in new - supply markets,
compared to 1.6 % in markets without new supply.
The
average monthly
rent (AMR) per unit for independent living was up slightly during the 4Q09 to $ 2,659, which
compared to $ 2,618 year over year.
Today's median
rent requires 30.1 percent of a renter's income,
compared to a historical
average of 25 percent.
Compared to a prior 2012 analysis, the
average permit - to - completion timespan of single - family houses built for sale and for
rent was one month longer in 2014.
Compare that to the
average adjusted
rent for a two - bedroom apartment of $ 1,228 per month in a market like Minneapolis / St.
Still, the City of Destiny remains in the top 20 cities in the United States for year - over-year percentage
rent increases, with a 7.7 percent hike to an
average of $ 1,172 a month in September
compared to the same month year.
Effective
rents grew 3.6 percent, on
average, in 2017,
compared to 5.8 percent in 2015, according to Reis data.
Rents and home prices are climbing higher as a result --- by some measures at rates faster than the nation's — though they're still affordable
compared with San Francisco, where the
average home sells for more than $ 1 million.
RealPage also found
rent growth holding steady in 2017
compared to the year before,
averaging about 2.5 percent a year.
Selected from the top 25 schools featured in a recent national report, 10 markets were chosen based on today's
average monthly
rent prices
compared to estimated mortgage payments of a median priced home in each city.
Compare these assumptions like property value,
rent increases, vacancy rates against
averages in the local market.
The U.S.
average was 21.4 percent to own,
compared with 30.1 percent to
rent.
Home values increased 14.7 percent in January from a year earlier, while the median
rent rose 10.2 percent,
compared with the nationwide
average of 3.3 percent, data from Zillow show.
The
average rent of $ 1,569 in Cook County requires about 31.6 percent of the
average person's pay,
compared with 32.4 percent for house payments on the median home priced at $ 207,800.
Average rents for single - family rental increased 4.5 percent 2017
compared to the year before across the 375 U.S. counties tracked by ATTOM Data.