Sentences with phrase «median rent paid»
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.
http://hq-wfc2.wiredforchange.com/ 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.
«That means a median renter would pay an additional $ 6,600 to $ 10,500 in rent over ten years.»
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.
With relatively low median wages, some of the rent growth in Austin is expected from an increase in high - paid workers who will rent more expensive apartments, pulling the median rent up.
In the last quarter of 2015, Manhattan residents paid a median $ 4,374 — the highest average rent in the nation, according to Marcus & Millichap.
Home buyers who purchase a median - priced property in these areas could enjoy much lower housing costs than those who pay rent.
With a median list price of $ 163,840 and median rent of $ 1,162, Columbus has the fourth - highest rental yield and takes less than 12 years to pay off the property.
(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.
Most recently, in a report published in January by researchers from McGill University, an analysis of New York City, Newark and New Jersey between September 2014 and August 2017 found that the median tenant within the study's area was paying $ 380 more in rent due to a decrease in housing stock caused by Airbnb's operations.
The median rent is $ 1,849 so it's not a cheap place to rent, but just like anything else you get what you pay for.
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.
Home buyers who purchase a median - priced property in these areas could enjoy much lower housing costs than those who pay rent.
With an estimated median home value of $ 111,000 and a median gross rent hovering around $ 900, you can easily settle in without worrying about how you're going to pay for it.
Net effective rent, or what tenants paid after incentives are subtracted, fell 3.8 percent to a median of $ 3,168.
Yet the median income in Old West Austin is $ 73,000 and renters may be willing and able to pay much more rent for apartments or condos that you choose to upgrade.
Using median household income data for Phoenix, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate.
The fraction of median Phoenix household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.87 %.
Gross rental yield is based on average market rents paid for a unit with the same number of bedrooms as the median owner occupied home.
Home buyers who purchase a median - priced property in these areas could enjoy much lower housing costs than those who pay rent.
Renters in Western states pay the most ($ 1,100 median rent), followed by those in the Northeast ($ 1,000 median rent), Southwest ($ 875), Southeast ($ 800) and Midwest ($ 714).
In 2017, the Census Bureau couldn't even locate enough dilapidated apartments to count — but did find a median asking rent of $ 1,875, 30 % higher than what a typical existing tenant pays.
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.
Tennessee families pay just under $ 200 less a month than the national median for rent, and the state's median home listing price is $ 30,000 lower than the national median.
However, it's still $ 146 more expensive to rent than pay the monthly mortgage on a home with a median list price of $ 167,900.
With relatively low median wages, some of the rent growth in Austin is expected from an increase in high - paid workers who will rent more expensive apartments, pulling the median rent up.
And statewide, it costs $ 349 more per month to rent in Maryland than to pay the monthly mortgage on a home with a median list price of $ 299,900.
Most of the rent increase in Detroit would be caused by the influx of Amazon workers with much higher wages than the current area median and the ability of Amazon workers to pay more than the metro's current median rent.
While the state's median income of $ 49,290 is below the $ 52,047 national median, families earning this amount and renting at a typical price could still keep housing costs fairly low at 27 percent of their pay, which is less than the 30 percent - of - income rent standard that most rental housing programs and personal finance experts use.