Where to pay less rent: the list in the USA
Have you ever wondered where you can pay less rent in the US?
Well, we at Realigro have compiled a list of the main cities, where it is possible to pay an affordable rent that is not excessive compared to the US average.
If you want to learn more and above all, if you are interested in signing a lease in the US, you have to do is follow the next lines.
Let's start first with the method used. We carried out an analysis about the average cost of a mortgage in each city.
Generally, to sign a lease in the US, the average price is around $ 1,200 per month.
Obviously it all depends on both the areas but also on the type of property you select.
Moreover, a substantial difference is played on the gap that is present between the peripheral zone and the centralized zone. (the cost doubles as a minimum).
Currently, however, around 31 of the 85 most populous cities, for potential tenants, present an economic effort of 20% greater than the average.
The average loan in every metropolis, arises from the compromise between the average price of each city, local property taxes, an initial financial requirement of 20% of the value of the house. Not forgetting home insurance and a 30-year fixed rate loan.
And where, then, does the economic gap emerge, and above all, what are the cities that can guarantee a cheaper relationship between supply and demand on the market?
Baltimore, Cleveland and Santa Ana are the three cities with the greatest differences. Over 200 dollars.
In Baltimore, the average rent is $ 1,200. Following Cleveland with 857 dollars and the last Californian city is placed with 2,731 dollars.
But in order not to dwell on these first realities, we have decided to include others, to better give you an overall picture.
Here is a small list:
St.Paul 1.494 dollars
Toledo 795 dollars
Aurora 1.910
Memphis 855 dollars
Indianapolis $ 1,139
Silver Spring $ 2.236
Buffalo $ 942
it is therefore possible to understand how diversification is wide, even between neighboring localities not only geographically, but above all similar in type of area and properties to be rented.
All this obviously takes on a different weight based also on the average share of the loan, which greatly affects the final price.
The type of contract, despite the presence of decidedly higher realities, in terms of price, was not discouraged.
Manforte has been given by the Millennials, who, oriented towards the versatility that offers a lease, at the expense of a sales contract, opt for these solutions.
So how will real estate evolve in terms of rental for the coming months, even in less economic areas? To find out, we invite you to stay updated on our portal!
Well, we at Realigro have compiled a list of the main cities, where it is possible to pay an affordable rent that is not excessive compared to the US average.
If you want to learn more and above all, if you are interested in signing a lease in the US, you have to do is follow the next lines.
Let's start first with the method used. We carried out an analysis about the average cost of a mortgage in each city.
Generally, to sign a lease in the US, the average price is around $ 1,200 per month.
Obviously it all depends on both the areas but also on the type of property you select.
Moreover, a substantial difference is played on the gap that is present between the peripheral zone and the centralized zone. (the cost doubles as a minimum).
Currently, however, around 31 of the 85 most populous cities, for potential tenants, present an economic effort of 20% greater than the average.
The average loan in every metropolis, arises from the compromise between the average price of each city, local property taxes, an initial financial requirement of 20% of the value of the house. Not forgetting home insurance and a 30-year fixed rate loan.
And where, then, does the economic gap emerge, and above all, what are the cities that can guarantee a cheaper relationship between supply and demand on the market?
Baltimore, Cleveland and Santa Ana are the three cities with the greatest differences. Over 200 dollars.
In Baltimore, the average rent is $ 1,200. Following Cleveland with 857 dollars and the last Californian city is placed with 2,731 dollars.
But in order not to dwell on these first realities, we have decided to include others, to better give you an overall picture.
Here is a small list:
St.Paul 1.494 dollars
Toledo 795 dollars
Aurora 1.910
Memphis 855 dollars
Indianapolis $ 1,139
Silver Spring $ 2.236
Buffalo $ 942
it is therefore possible to understand how diversification is wide, even between neighboring localities not only geographically, but above all similar in type of area and properties to be rented.
All this obviously takes on a different weight based also on the average share of the loan, which greatly affects the final price.
The type of contract, despite the presence of decidedly higher realities, in terms of price, was not discouraged.
Manforte has been given by the Millennials, who, oriented towards the versatility that offers a lease, at the expense of a sales contract, opt for these solutions.
So how will real estate evolve in terms of rental for the coming months, even in less economic areas? To find out, we invite you to stay updated on our portal!
