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I notice the rent for studios in Knoxville is near the bottom of the list - but then there aren't many studios at all. Most are older and may be converted motel rooms. The rent for 4 BRs is comparatively high because there has been a lot of construction of 4 BR units that are rented by the room to students at $400-580 a BR.
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Originally Posted by creeksitter
I notice the rent for studios in Knoxville is near the bottom of the list - but then there aren't many studios at all. Most are older and may be converted motel rooms. The rent for 4 BRs is comparatively high because there has been a lot of construction of 4 BR units that are rented by the room to students at $400-580 a BR.
My uncle used to live in a converted studio at the old Hotel Monday right near UT campus. It was a dump, but he was only paying $120/month (20 years ago I'll note)
I was talking with someone about this yesterday. As the prices go up in DC, it also pushes the prices up in suburbs outside of DC, it's becoming a cycle that feeds itself. The prices keep getting higher and higher, you'd think it'll stop or slow down at some point, but the prices continue to climb.
The cool factor to living in DC now has outpaced the supply even if we are building more units as a fast rate. Goes to show housing costs are not always about jobs, after the initial job rush its almost always about locations becoming magnets for people wanting a certain lifestyle.
This must include rent controlled and subsidized units.
Yes it probably does. Those NYC numbers are unrealistic. You might be able to rent at those prices in the ghetto away from public transportation, but thats about it. Those 2br prices especially, you can't rent for that anywhere outside the worst Bronx neighborhoods away from subway, maybe Brownsville as well (?). We had those prices in deep south Brooklyn 40 mins away from Manhattan circa 1999-2000.
Notice how studios are almost the same price as 1brs, thats because there are not a lot of subsidized studio units.
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Originally Posted by Gantz
Yes it probably does. Those NYC numbers are unrealistic. You might be able to rent at those prices in the ghetto away from public transportation, but thats about it. Those 2br prices especially, you can't rent for that anywhere outside the worst Bronx neighborhoods away from subway, maybe Brownsville as well (?). We had those prices in deep south Brooklyn 40 mins away from Manhattan circa 1999-2000.
Notice how studios are almost the same price as 1brs, thats because there are not a lot of subsidized studio units.
Also this is the average of the entire MSA rents it appears. Parts of NYC MSA include places as far out as PA. I'm certain if this were city only the average rents would be much higher across the board.
This list is not surprising, as it is interesting how once you get away from the major coastal areas, that things are roughly even. Some of the Southern areas having higher averages than inland Northeastern areas is somewhat surprising, but validates what I mentioned in another thread.
Also this is the average of the entire MSA rents it appears. Parts of NYC MSA include places as far out as PA. I'm certain if this were city only the average rents would be much higher across the board.
For the Bay Area these seem more in line with the farther out suburbs, even kind of low especially for San Jose and SF.
Also this is the average of the entire MSA rents it appears. Parts of NYC MSA include places as far out as PA. I'm certain if this were city only the average rents would be much higher across the board.
That and rent control. These aren't actual market rental rates. The methodology is based on gross (contract) rent from the ACS. Unless there's an exception, I'd bet rent control drags that down in many metro areas, compared to what you could rent an apartment for on the market today.
This must include rent controlled and subsidized units.
It is derived by the accumulation of all types of rental units in the MSA or M.D. market areas, then it averages those rates out on a region-wide basis.
Those NYC numbers are unrealistic. You might be able to rent at those prices in the ghetto away from public transportation, but thats about it. Those 2br prices especially, you can't rent for that anywhere outside the worst Bronx neighborhoods away from subway, maybe Brownsville as well (?).
Yes, the NYC numbers are totally unrealistic, but that's because it's so vast, there are lots of suburbs, and there are countless undesirable neighborhoods (some near the subway or out in the burbs where a car is necessary). The New Orleans rents are just as hard to believe though -- there are countless areas (sometimes specific blocks) in NOLA that you wouldn't want to venture into day or night. They're included in this survey. In any of the decent Uptown neighborhoods, the rents would be significantly higher.
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