Football Fans Pay 16% More in Rent to Live Close to the Action
If you’re a football fanatic who likes to be at the center of the action and plans their life around home games, then living near a football venue is for you. You’d never worry about parking on game day, out of town friends would be your best friends, bars and restaurants filled with fellow fans…
Read MoreRents Drop for 4th Straight Month in December, With San Jose, SF & NYC Among Slowest Growing Rental Markets
Key takeaways: The average US apartment rent decreased for the fourth consecutive month, reaching $1,210 in December On a year-over-year basis, rental prices gained 4% nationwide, according to Yardi Matrix The West Coast leads the country in annual increases, with Sacramento and Stockton at the forefront Tulsa, OK, sees the biggest annual price drop, with…
Read MoreOne Fifth of Manhattan Renters Earn Over $150,000/Year; Brooklyn Has More Affluent Renters Than L.A.
Article featured on: Manhattan consistently tops the list for most expensive rents in the nation, wrapping up the year with an average market rate rent of $4,146/month. To be able to afford the average rent in their borough, Manhattan renters need an income of more than $150,000/year. How many renters actually have such financial power…
Read MoreApartment Rents On Downward Slide in November yet Sacramento, Colorado Springs Keep Renters Struggling with Double-Digit Growth
Key takeaways: Supported by record high apartment completions, the national rent continues to decrease for the third consecutive month to $1,214 in November The average apartment rent gained 4.3% nationwide year-over-year 2 California cities – Sacramento and Stockton – lead the way in annual rent growth, followed closely by Colorado Springs Wichita, KS and Toledo,…
Read More1.2 Million Wealthy Households Became Renters in the Last 10 Years – In SF They Outnumber Homeowners
Not everyone thinks that real estate equity is a good investment. A look at the 2015 American Community Survey revealed a new twist in the ever-changing U.S. demographics story: about 1.2 million wealthy households joined the widening ranks of renters in the U.S. in the last 10 years (from 551K to 1.75M). From 2005 to…
Read MoreDespite October Slowdown, Renters on the West Coast Struggle with Rising Rents, Competitive Markets
Key takeaways: With apartment completions at a 10-year high, the national rent fell $3 from the previous month to $1,216 in October 2016 On a year-over-year basis, the average apartment rent grew 4.4% nationwide 3 California cities lead the nation in annual rent growth: Stockton, Sacramento, and Long Beach Corpus Christi, TX and Tulsa, OK…
Read MoreHow Big is a Rental Home in America? Average Apartment Size by State
Apartments are slowly, but surely, shrinking in cities across the country as developers are trying to squeeze in more units to meet the growing demand for urban living. The national average size of new apartments – those completed in 2016 – has shrunk to 934 square feet, down from 2006 when apartments clocked in at…
Read MoreUpgrading to a Larger Apartment—the Financial Implications of Having an Extra Bedroom
A common compromise renters make is settling for less space in favor of a good location. However, living small is just a temporary thing for many, and an apartment upgrade is usually put on the table sooner or later. After a rent-growth marathon lasting 9 months, and with new apartments getting smaller every year, a…
Read MoreThe Capital of Silicon Valley Gets a Vertical Upgrade: 10 Now-And-Then Photos of San Jose
As real estate markets in other sought-after Santa Clara Valley areas become saturated, San Jose has the opportunity to reinvent itself. Following the example set by many of its famous tech start-ups, it has taken that opportunity with gusto! San Jose’s incoming and expanding companies fuel job growth while creating a healthy demand for new…
Read MoreThe Newest Madison, WI Buildings Give This University Town a European Vibe [Time Lapse Images]
It’s for good reason that Madison has been recently called one of the best places to live in the U.S. and is drawing investors’ attention. It’s economically diverse and prosperous, noticeably green and culturally vibrant, not least because of the presence of its university – The University of Wisconsin-Madison. The high-ranking public university (No. 10…
Read MoreThe Changing Face of the Twin Cities in 10 Before-and-After Photos
Straddling the Mississippi and Minnesota rivers, the Twin Cities of Minneapolis – largest city in Minnesota – and Saint Paul—the state capital – make up the second-largest economic center in the Midwest. That means a lot of opportunities for people to live, work, and play in a vibrant and exciting urban landscape that’s still surrounded…
Read More10 of Orlando’s Most Impressive New-Builds in Before-and-After Photos
Orlando is a city on the rise — both literally and figuratively. As ‘The Theme Park Capital of the World’, it continues to draw tens of millions of visitors annually, all eager to explore the wonders of Walt Disney World Resort, Universal Studios, and Seaworld Orlando, to name the most famous examples. Tourism brings in…
Read MoreRents Decline for the First Time in 9 Months in September but Continue to Climb on a Year-Over-Year Basis
Key takeaways: On a year-over-year basis, the average apartment rent grew 4.7% nationwide in September 2016 Rents decreased 0.1% from August to September, now resting at $1,219 3 cities saw double-digit rent increases over the past year: Sacramento, Oakland, and Colorado Springs Corpus Christi and Tulsa are the only 2 large cities where rents are…
Read MoreWashington, D.C. Past and Present: A Visual Tour
Washington, DC is one of the nation’s most historic cities — but it has also undergone significant and striking transformations as its diverse neighborhoods have modernized throughout the twentieth century. These then-and-now images showcase the development of some of the city’s most iconic streets and structures, giving you a glimpse into Washington’s past and present.…
Read MoreCheck out Kansas City’s Amazing Transformation in 10 Then-and-Now Photos
In 1867, the Hannibal & St. Joseph Railroad was deciding between Leavenworth and Kansas City as to where to build the first bridge across the Missouri River. The railroad chose Kansas City and the “Crossroads of the Country” hasn’t stopped growing since. They say Kansas City has more fountains than any city in the world…
Read More10 Cincinnati Buildings That Bring New Life to the Queen City
The past ten years have brought a wealth of new construction projects to the Queen City. From University Heights to Walnut Hills to Avondale, brand-new offices, residences and retail spaces are revitalizing historic Cincinnati neighborhoods. A photo essay showcasing city-wide growth and creativity Thanks to Google’s Street View, we have peered back into the past…
Read MoreTips and Tools for Finding the Best Internet Deal in Your New Hometown
Amid the craziness of moving, few take into consideration the potential internet availability in their new neighborhood. In some cases, that super-fast internet connection that’s supposedly available in your area, may have some surprises in store. Before you pack your first box, use these five simple tips and tools to map the best internet options…
Read MoreApartment Construction at a 10-Year High, Eases Pressure on Rental Prices in Booming Markets
Article featured on: Highlights: More than 320,000 new apartments projected to be completed in 2016, a 50% increase compared to 2015 Texas leads apartment construction, with more than 69,000 units projected to be delivered in 2016 in the Lone Star State’s 4 largest metros – Houston, DFW, Austin, and San Antonio San Francisco makes great…
Read MoreAnn Arbor: Development Boom Will Change Your Ideas About Student Housing
While housing projects across the country shut down during the Great Recession of 2008, the construction cranes lingered over the streets of downtown Ann Arbor, where the need to house the more than 40,000 University of Michigan students remained paramount. With sparkling modern high-rises constructed by private developers and the university, students and young professionals…
Read MoreThe Changing Face of Bellevue: 8 Years of Development in Then-and-Now Photos
Bellevue (or ‘beautiful view’) is a city that justifies its nomenclature through its situation on the eastside of Washington’s King County, separated from Seattle only by the picturesque Lake Washington. Though small – with a population of just over 122,000 – the city is remarkably prosperous, perhaps owing to the fact that it’s part of…
Read MoreNashville: Music City Hits High Notes with New Development
What would founders James Robertson and John Donelson think if they saw the town they founded 235 years ago today? A reproduction of Fort Nashborough they built on the Cumberland River and named for a fallen Revolutionary War general still stands but is now in the shadow of shimmering skyscrapers. Beyond the picket fence is…
Read MoreCheck out Fascinating Before-and-After Photos of Salt Lake City’s Changing Cityscape
It’s amazing to see how cities change over time. There are buildings being added to large cities on a regular basis, but how often do we stop and appreciate the change? Here at RentCafe, we decided to check out how Salt Lake City is doing in terms of real estate development. As it turns out,…
Read MoreLos Angeles Families Spend 38% More in Rent to Live Near a Good School
Key Takeaways: Only 12% of public elementary schools in L.A. perform above average Rents near top-ranking public schools in L.A. are 38% higher than near low-ranking schools Home prices near top-ranking public schools are 185% higher than near low-ranking schools Any parent knows that as soon as your child approaches school age you start thinking about what school…
Read MoreLuxury Rents Are 40% Higher Than Non-Luxury; Look Up Rent Prices in Your City [Interactive Table]
New luxury rental apartments are not only raising the bar on quality and convenience, but also on rent prices. The current boom in high-end apartment construction has been suspected to drive overall rents up, with 3 out of 4 apartments completed last year being in the luxury category and more on the way. The side effects of…
Read MoreApartment Rents Hit Historic High: $1,213 in June
Average apartment rents continued on their 2016 climb in June, hitting an all-time high of $1,213 per month – $10 more than May’s numbers. This marks the third straight month of double-digit gains, and the sixth month in a row rents have climbed consecutively, according to the latest Yardi Matrix monthly report. Supported by high-demand…
Read MoreAs US Apartments Get Smaller, Atlanta, Charlotte, Boston Rank among Top Cities with Largest Rental Units
An updated version of this study may be found here. Highlights: As of 2016, the average size of a new apartment today is 934 square feet, 8% smaller than 10 years ago Studios saw the steepest decline in square footage over the last decade (-18%) Atlanta, GA takes the lead as the U.S. city with the…
Read MoreRevitalization Efforts Make a New, Bustling Columbia: See How the City Has Changed with these Striking Before-and-After Images
Columbia is one of only five American cities that is home to both the state capital and the state university. Toss in a pinch of wonderful Southern charm (cuisine included), a dynamic, progressive arts scene, plus the nation’s largest U.S. Army training facility in nearby Fort Jackson and you have a lively stew of ideas,…
Read MoreMay Rents Hit All-time High Again, but Some Markets See Deceleration
For the fifth-straight month, the national average rent has reached an all-time high, this time reaching a whopping $1,204 per month – $10 more than the April average. According to the Yardi Matrix Monthly Report, this marks a 0.9% jump for May and a 6% jump from just one year earlier. Here are some other…
Read MoreWest Coast Rents on Fire: San Francisco Rents Projected to Rise Faster than Any Other US Metro in 2016
With homeownership rates at historically low levels and a lack of affordable housing options in all major metro areas, renting becomes a challenge for renters all across the US, particularly low- and middle-income earners. Rents have been steadily rising for the past year, with the national average for an apartment hitting an all-time high of…
Read MoreApartment Rents Spike for Fourth Month in a Row; Employment Growth Plays Big Role
For the fourth month in a row, national apartment rents have hit an all-time high, this time rising to $1,194 per month across the country. According to the Yardi Matrix April Report, that’s a 1.1 percent jump over March and a 6% increase year-over-year. Despite these rising costs however, Americans aren’t shying away from renting.…
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