Rental Demand
Includes Active Adult.
Typically, a five-year moving average of all types of construction (as reported by building permits) corresponds closely to a five-year moving average for overall housing demand (defined as household change plus replacement requirements).
The five-year moving average allows sufficient time for adjustment to prices and rents, and tenure shifts (owner versus renter). On a year-to-year basis, it is important to note the difference between incremental demand required to maintain a balanced housing market, and the expected turnover in the market (which includes the incremental change).
YOUR Primary Market Area
GROSS RENT IN CURRENT DOLLARS |
Annual Incremental Demand |
||
|---|---|---|---|
0 & 1 Bdrm. |
2 Bdrm. |
3+Bdrm. |
|
| $700+ | 48 | - | - |
| $800+ | 32 | 113 | - |
| $900+ | 17 | 63 | 57 |
| $1,000+ | 6 | 25 | 40 |
| $1,100+ | - | 5 | 31 |
| $1,200+ | - | - | 17 |
| $1,300+ | - | - | 7 |
Urbek can provide detailed demand estimates by sales price and rent levels in a particular local market, nationwide.
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