 Area Market Rent (by Michael [AL]) Nov 26, 2020 5:01 PM
 Area Market Rent (by Ray-N-Pa [PA]) Nov 26, 2020 5:30 PM
Area Market Rent (by Deanna [TX]) Nov 26, 2020 7:51 PM
Area Market Rent (by Robert J [CA]) Nov 26, 2020 10:22 PM
Area Market Rent (by Oregon Woodsmoke [ID]) Nov 27, 2020 3:23 PM
Area Market Rent (by Michael [AL]) Posted on: Nov 26, 2020 5:01 PM
Message:
We have been investing in rental properties for over 30 years. We have through the years gone up on rent. We know that every market has it's own market value. To all RE investors, what do you charge for your Apartments or Homes per month? Thank You. --47.13.xxx.xxx |
Area Market Rent (by Ray-N-Pa [PA]) Posted on: Nov 26, 2020 5:30 PM
Message:
Rentometer . com will tell you what your specific market place looks like.
2020 was 31st year, so I believe you may be surprised about the numbers you get --24.101.xxx.xx |
Area Market Rent (by Deanna [TX]) Posted on: Nov 26, 2020 7:51 PM
Message:
Rentometer is good for urban areas. When I try to check my own zip code, it says it doesn't have enough information, so try casting a wider net...
My rents are all over the place. From 2011-2015, the ACA really did a number on a lot of my tenant pool. They used to be able to get away with 1 job at 40 hours a week, but once health benefits were mandatory, they started needing to juggle 2 or 3 29-hr/week jobs in order to make ends meet, and they still didn't have employer-sponsored healthcare.
I started raising rents more confidently around 2018, but not all of the houses have been caught up.
But really, from my cheapest 1/1 garage apartment to my "best" 1400 sf 3/2/2 to my biggest 1500 sf 3/1.5-- there's not really $400/month separating them.
But that's my (poor, rural) market. It's skewed heavily by an overabundance of government housing on one side, and by a cheap cost of home ownership on the other side. Rather than being a significant amount of income coming in, the biggest difference in the types of houses are more the sorts of people who are interested in living in them, if that makes sense. ie, I don't buy 3 bedrooms because 3 bedrooms bring more profit, but because they're easier to rent. Likewise, I don't avoid buying 1 bedrooms because they're less profitable, but because it requires a much more specific type of person whose needs are met by a 1/1. --137.118.xx.xxx |
Area Market Rent (by Robert J [CA]) Posted on: Nov 26, 2020 10:22 PM
Message:
Los Angeles has low end apartment in Watts, South Central, Boyle Heights and upscale apartments in Beverly Hills, Hancock Park and Santa Monica.
To give you a sampling on 1 Bedroom and 2 bedroom ranges:
Area Name Grade 1 Bedroom 2 Bedroom
_________ _____ _________ _________
Koreatown B & C $1100-1800 $1,700-2500
Hollywood B & C $1250-2100 $1,650-2900
Santa Monica B $1850-3000 $2600-4000
Beverly Hills A $1850-2900 $2600-4000
SAN FERNANO VALLEY
North Hollywood B $1450-1850 $1750-2400
Reseda C $1300-1600 $1750-2100
But since these units are under rent control, older long term tenants are paying between 50% and 75% of those numbers.. --47.155.xx.xxx |
Area Market Rent (by Oregon Woodsmoke [ID]) Posted on: Nov 27, 2020 3:23 PM
Message:
North Idaho about $1600 for a 3 bed 2 bath house 1500 square feet with a fenced yard and a dog allowed.
I've got one, though, that is mystifying. I priced it at $1600, and not one response. So, I dropped $100 and still no response. Finally I got someone at $1350, but they moved out after a couple of months.
No response at $1350 and I finally got a decent tenant at $1295.
I really have no idea why. Its a very nice house in a neighborhood of newer homes and upper middle class home owners. Its an area where everyone keeps a beautiful yard.
At least I got an excellent tenant. --76.178.xx.xx |
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