September 2, 2014

Rental Comp Data for August 2014

We've got a vacant rental right now and I went to do some research on rental comps in the area. 

I last reviewed rental comp prices in February 2014.

Here's what I found for current comps on Rentometer.com



A B C D E

2 bed 3bed 1bed 1bed 3bed

house house apt apt house
10% $737 $782 $377 $410 $926
20% $821 $853 $411 $450 $1,012
median $950 $1,025 $485 $565 $1,195
80% $1,138 $1,120 $539 $603 $1,337
90% $1,221 $1,190 $573 $643 $1,422
 # prop                31               50               25               22               49
 dist              0.5             0.8             0.9             1.0             0.5


and here's the trends :



A B C D E
Nov-11 $895 $875 $495 $495 $1,095
Jan-13 $900 $995 $510 $460
Aug-13 $905 $925 $500 $480 $1,095
Feb-14 $985 $900 $485 $478 $1,097
Aug-14 $950 $1,025 $485 $565 $1,195

-3.6% 13.9% 0.0% 18.2% 8.9%


Mostly up in the past half year which is good.     By the way I noticed I'd previously had the 'A' property listed as  3 bedroom but its actually a 2 bedroom.  Oops.    Thats the vacant property right now.   Unfortunately that ones on a small downward trend if the Rentometer data is accurate.   But I don't think its all that accurate.  Its a small sample in the  neighborhood and doesn't account for a variety of property factors like whether its a single family home or a basement apartment.   I'm doing more detailed research looking at current and recent listings on Craigslist and Trulia.   That will give me a better picture.


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