Providence has the highest
median rent on the list and one of the longest commute times.
A quick rentometer.com check for SF put
the median rent on a 3 bedroom unit at $ 3800.
With
median rent on a one - bedroom apartment hovering around $ 3,000 and prices in nearby Oakland, California, climbing, area residents routinely put more than half their take - home incomes toward housing.
Not exact matches
In Los Angeles,
rents would rise 4.9 %, or $ 52 monthly,
on top of the expected increase of 3 %, or $ 82 monthly, for those paying the city's
median rent of $ 2,746.
We also pulled
median home prices,
median rent prices, and
median household incomes for many of these counties, based
on recent Census data.
In Brooklyn, people
on average would spend 67.4 percent of their pay
on rent, but buying the
median priced home at $ 640,000 would require 110.9 percent of pay.
The Zillow
Rent Index is the
median Rent Zestimate valuation for a given geographic area
on a given day.
Plus, with a
median rental price of $ 995, Sioux Falls is one of the cheapest places to
rent an apartment
on our list.
We take the overall impact of Amazon's HQ2
on rents as the summed impact of the workforce expansion and the increase in
median income.
But in San Jose, California, it's only 3.5 % cheaper to buy (based
on median home prices versus
rents).
(1) employment growth, sourced from the Bureau of Labor Statistics Economic Summaries in August 2016, with the percentage representing the employment change from June 2015 to June 2016 in each city; (2) population growth, based
on and sourced from the 2014 and 2015 Census, with the percentage representing the change in population from 2014 to 2015; (3) increase in home values, based
on Zillow Home Value, with the percentage representing the change in
median home values for single - family homes from June 2015 to June 2016, sourced August 2016; (4) years to pay off property, which was based using the
median home value for July 2016 and the
median rent for a single - family residence for July 2016, both sourced from Zillow;
median rent was multiplied by 12 to obtain yearly
rent and then home value was divided by yearly
rent to determine how many years it would take for the home to be paid off from rental income using current home values and
rent prices for each city.
Currently it mandates developers who build in rezoned areas of the city pick from one of three options for affordable housing: 25 percent of their units
rented to those making,
on average, 60 percent of the Area
Median Income, 30 percent at 80 percent of the AMI or 30 percent at 120 percent.
The 2014 Housing and Vacancy Survey found that the
median rent for a
rent - controlled unit was $ 1,020 per month
on an average income of $ 29,000 per year... or 42 % of their fixed income.
On average, such units would be
rented to families earning 60 percent of the area's
median income, which currently amounts to $ 46,620 for a family of three.
A
median gross
rent of $ 1,613 is quite affordable
on the average household income, and that's exactly how many people in Fremont choose to live.
The estimated
median income for a household is about $ 30,000, which is actually a very reasonable amount to live
on in an area where the
median home value is just $ 87,000 and the
median gross
rent is around $ 600.00.
The
median household income of $ 47,000 is certainly sufficient to sustain an average household, and even allow them to save a few dollars, based
on the
median gross
rent of $ 882.
Depending
on where you live,
median income,
median rents, and home prices all vary.
The
median gross
rent is only $ 1,075, which makes
renting even easier
on the budget.
The
median gross
rent is just $ 803 a month, which puts Glendale
on par with
renting in Fresno.
First, fair market
rent on a three - bedroom property is less affordable than monthly payments
on a
median - priced home in 354 of the 540 counties studied in the report.
Roughly twenty percent of homes are rentals
on Long Island, and the
median rent is $ 1,682.
Median gross
rent in San Francisco is only $ 1,512 which is far less than the mortgage
on $ 800,000, not to mention the other expenses that go with owning a home in California.
Based
on a
median gross
rent of $ 1,288, that means that the
median income is insufficient for a family to
rent an apartment in Glendale.
That
median rent can vary widely based
on size of the apartment, quality, and whether you're in Mesa, Phoenix, Tucson, or Sun City.
In a town with a
median household income (not per capita) of only $ 37,000 a year and a
median rent of $ 950 monthly ($ 11,400 annually), the average family spends a full one third of their gross income
on rent alone.
The
median gross
rent is just shy of $ 800 a month, allowing for families to live here easily and even save some money towards a down payment
on a home.
The report found that «making monthly house payments
on a
median - priced home — including mortgage, property taxes and insurance — is more affordable than the fair market
rent on a three - bedroom property in 354 of the 540 counties analyzed in the report (66 percent).»
The
median home value is about $ 520,000 and the
median gross
rent is $ 1,700, so it can be expensive to put a down payment
on a home or a deposit
on an apartment.
Markets that seem affordable because their
median rent is
on the low side may actually be unaffordable to people who live there.
The commute is
on the high side here, and the
median rent is a little above the average
median rent of $ 720.
The commute is
on the low side here, and the
median rent is well below the average
median rent of $ 720.
Based
on the state's
median listing price and 20 percent down payment, monthly mortgage payments are less than
median monthly
rent, which is $ 1,590 according to Zillow.
Based
on North Carolina's
median home price and 20 percent down payment, the estimated monthly mortgage payment is almost $ 100 cheaper than
median rent levels for the state.
The Fort Worth city council has passed an ordinance making it illegal to «sell, exchange, trade, barter, lease,
rent, give away or display for a commercial purpose any live animal
on any roadside, public right of way, parkway,
median, park, playground, swimming pool, other recreational area, flea market, or commercial or retail parking lot that is generally accessible to the public».
No person shall sell, exchange, barter, trade, lease,
rent, give away, display or transfer any animal
on any roadside, public right - of - way, parkway,
median, park, playground, flea market, commercial or retail parking lot, or property adjacent to such locations, that is generally accessible to the public, regardless of whether such access is authorized or not.
With an average home price of only $ 134,800 and a
median gross
rent of just $ 835, St. Petersburg is one of the least expensive places to live
on the Florida coast.
Roughly twenty percent of homes are rentals
on Long Island, and the
median rent is $ 1,682.
The
median gross
rent is just $ 1,298, which is far less than mortgage, insurance, taxes, and upkeep
on even a smaller home in the area.
In a town with a
median household income (not per capita) of only $ 37,000 a year and a
median rent of $ 950 monthly ($ 11,400 annually), the average family spends a full one third of their gross income
on rent alone.
Median gross
rent in San Francisco is only $ 1,512 which is far less than the mortgage
on $ 800,000, not to mention the other expenses that go with owning a home in California.
The
median gross
rent is $ 1,259 which is high enough to attract the sort of neighbors you want, but quite affordable
on a
median household income of $ 52,000.
The
median household income of $ 47,000 is certainly sufficient to sustain an average household, and even allow them to save a few dollars, based
on the
median gross
rent of $ 882.
The estimated
median income for a household is about $ 30,000, which is actually a very reasonable amount to live
on in an area where the
median home value is just $ 87,000 and the
median gross
rent is around $ 600.00.
Compare that to the
median gross
rent in a city with a housing shortage like New York, and you can see how significant an impact availability can have
on rents.
The
median rent paid in Newark — $ 981 a month, continues to rise, with 57 percent of households spending more than 30 percent of their household income
on rent.
Area - level explanatory variables will include: accessibility and remoteness, as measured by the Accessibility / Remoteness Index of Australia Plus (ARIA +); 54 socioeconomic disadvantage, as measured by the Australian Bureau of Statistics (ABS) Socioeconomic Indexes for Areas (SEIFA); 55 presence of Aboriginal Medical Services; presence of an AMIHS; proportion of Aboriginal pregnancies / births in an area managed by an AMIHS; numbers of Aboriginal and non-Aboriginal children attending preschool; numbers of full - time equivalent health workers (including general medical practitioners, nurses, midwives and Aboriginal health workers) per 10 000 population; measures of social capital from the NSW Population Health Survey; 56 features of local communities (derived from ABS Census data), such as information
on median personal and household income, mortgage repayment and
rent; average number of persons per bedroom and household size; employment; non-school qualifications and housing type for Aboriginal residents in each area.57
That figure is based
on a
median sale price in the county of $ 70,000 and an average
rent of $ 1,383 a month for a rental unit with three bedrooms, according to the Fair Market
Rents set by the Department of Housing and Urban Development.
The following «hipster» markets offered some of the highest gross yields in
rents for investors, based
on fair - market
rents and
median home prices:
my initial numbers based
on median values and
rents suggest these cities may be interesting.