A bit of excellent information has emerged relating to renting.
The median asking hire for zero- to two-bedroom properties dipped 0.6%, or $10, to $1,771 in August from July, in keeping with Realtor.com. That’s the primary decline for the highest 50 cities since November.
To be certain, rents nonetheless rose 9.8% within the 12 months by August. But that was the primary time the rise was in single digits since July 2021.
Cheapest Cities to Upsize
If you’re a renter, perhaps you’ve been fascinated with upsizing to an house with one other bed room. RentCafe, an house search web page, has compiled an inventory of the cities the place it’s least expensive to maneuver to a much bigger house.
The common U.S. renter may shift to an house with a further bed room for $199 monthly as of May within the 728 cities that the research included.
That breaks right down to $71 a month for individuals now in studio residences, $236 for individuals now in one-bedroom models and $294 for individuals now in two-bedroom residences.
In 83 cities, largely suburbs, renters can rating an additional bed room for lower than $100 every month.
The least expensive of the 83 is Portsmouth, Va., at $25 monthly. Memphis is the one main metropolis underneath $100, tallying $87.
Here’s an inventory of the highest 10 least expensive cities for including one other bed room
1. Portsmouth, Va.: $25. Metro space: Virginia Beach.
2. Augusta, Ga.: $29. Metro space: Augusta.
3. Williamsburg, Va.: $31. Metro space: Virginia Beach.
4. Springdale, Ark.: $36. Metro space: Fayetteville.
5. Noblesville, Ind.: $36. Metro space: Indianapolis.
6. Gastonia, NC: $42. Metro space: Charlotte.
7. Orange Park, Fla.: $42. Metro Area: Jacksonville.
8. Conway, Ark.: $43. Metro Area: Little Rock.
9. Midwest City, Okla.: $43. Oklahoma City.
10. High Point, N.C.: $44. Greensboro.
RentCafé’s Take on Portsmouth
“Portsmouth offers the quality of life of a small town, with good infrastructure and a diverse talent-focused economy,” the report says.
“The cost of living is almost on par with the national average, but renters here tend to have a higher quality of life.”
RentCafe’s Take on Augusta
“The cost of living in Augusta is significantly below the national average, and the city is a great renting spot for young professionals, students, families and retirees alike,” the report stated.
RentCafe’s Take on Williamsburg
“This is one of the safest cities in the state of Virginia, as well as a popular place to work, thanks to the growing tourism and telecommunications sectors, the report said.”
RentCafe’s Take on Springdale
“Springdale is just nine miles away from Fayetteville, the most competitive small city for renters, and greatly benefits from Walmart’s immense economic impact in Northwest Arkansas,” the report stated.
RentCafe’s Take on Noblesville
Noblesville has a below-average price of residing, the report stated. “Plus, since Noblesville is part of one of the largest metros in our ranking, renters have easier access to well-paid jobs.”
Source: www.thestreet.com”