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An analysis released earlier this year by the apartment listing service RentCafe, using data from the U.S. Census Bureau, found that the number of high-income renters making $150,000 or more jumped 82% between 2015 and 2020, while the number of millionaire renter households tripled during ...
"As an agent with 41 years of experience in real estate, I do not see this trend in the Houston area. I do know of some high-end earners who do rent," Cyndi DePalermo, a Texas-based real estate agent, toldFox News Digitalon Tuesday. ...
New York, California, and Massachusetts are the most expensive states in which to rent. The median rent-to-income ratio for renters is 57% or 2x the recommended 30% ratio. The typical rental is a 2-bedroom apartment with 1.5 baths and an area between 1,000 and 1,999 square feet. How...
What is an administration fee for an apartment? Landlords charge tenants an administration fee to help mitigate the risk they take when pulling the unit off the market in case the prospective tenant doesn’t work out. The intent is to cover the landlord’s time to process the application, an...