Despite the fact that in the summer, as a rule, rents in San Francisco, usually increases, in June of this year there was only a slight increase in rental prices of apartments. Moreover, some services rent of real estate recorded even a slight price drop.
Thus, according to Zumper, the average rent for a Studio apartment in San Francisco fell by 0.9% and amounted to $ 3 420 per month, which is 1.2% less than in the same period last year. The cost of renting two-bedroom apartments remained unchanged — $ 4500 per month.
According to resource – Abodo – rent for a Studio apartment is $ 3 210 per month for one bedroom — $ 4 345 per month.
The highest rent for a Studio apartment fixed RENTCafe. It is $ 3 440 per month. At the same time ApartmentList says that a one bedroom apartment in San Francisco can be rented for $ 2 430 per month, two bedrooms for $ 3 060 per month.
And although residents of the city so the rent is not a gimmick, in other U.S. cities it is much lower. Leader in the list of cities with affordable rental housing is Toledo (Ohio). Here a Studio apartment can rent for $ 470 per month. Thus, the average tenant of the apartment in San Francisco could afford to rent as much as 7 apartments in Toledo.
After some calculations, on the basis of the highest rent for a Studio apartment in San Francisco, a popular resource Curbed came to the conclusion that the annual rent in San Francisco is higher than 20% down payment when buying a home in most American cities.
Let us examine the figures. In the year the tenant for a Studio apartment in San Francisco pays about $ 41 280 ($ 440 3 X 12 months). The average price of a home in many cities in the US starts from $ 180 000 (New Orleans, Kansas city, Atlanta, etc.). 20% down payment will be about $ 36 000.
So that’s something! It might make sense to think about moving and investing in their own home?
