Data-Driven Insights for Informed Rent Decisions

VIZ: HUD FY 2025 Small Area Fair Market Rents (SAFMR) - Sec.8 RCS 150% Threshold

Investigate this page to search for rental rates by city or zip code and utilize them in the mandatory market rent threshold test for Rent Comparability Studies - these numbers will be effective for any Rent Comparability Study (RCS) signed by the owner’s appraiser on or after May 1, 2023. Investigate this page to search for rental rates by city or zip code and utilize them in the mandatory market rent threshold test for Rent Comparability Studies - these numbers will be effective for any Rent Comparability Study (RCS) signed by the owner’s appraiser on or after May 1, 2023.

Mapping the Shift: Where Offices Are Becoming Homes

Developers in the U.S. are increasingly converting underused office spaces into residential apartments, transforming urban office districts into mixed-use communities. In Q1 2024, nearly 70 million square feet of office space was being converted, with over 60% focused on multifamily residences. Cities like Cleveland, Houston, and Philadelphia are leading this trend, driven by high vacancy rates and aging buildings. Despite challenges like high conversion costs, growing government support is propelling this movement, offering a solution for revitalizing downtowns and addressing the housing shortage. Across the US, a significant shift is underway as developers increasingly convert underused office spaces into residential apartments. This trend, gaining momentum over the past year, is transforming urban office districts into vibrant mixed-use communities. According to CBRE, nearly 70 million square feet of office space was undergoing conversion to other uses in Q1 of 2024, marking a…

How Walkability Drives Value in Hartford's Multifamily Market

In Hartford, high walk scores are linked to increased rental premiums, with tenants favoring neighborhoods that offer easy access to amenities, transportation, and cultural attractions. Data shows that walkability significantly boosts rental values, especially for two-bedroom units. Areas like Clay Arsenal and Northeast, set for substantial multifamily development, are well-positioned to benefit from this trend. For investors, properties in walkable neighborhoods represent valuable assets with strong rental potential. Understanding this correlation can help investors make strategic decisions and support Hartford's urban revitalization.

Paved Paths, Rising Returns: The Walkability Effect in North Philly East

Philadelphia's real estate market is seeing premiums for walkable neighborhoods like Fishtown, Fairmount, and Norris Square. Norris Square, in North Philadelphia East, is revitalizing due to its walkability, local amenities, and improved infrastructure. Norris Square Park enhances community connection. These features attract developers and investors, anticipating higher rental demand.

Discovering Convenience: The Appeal of Walkable Neighborhoods in Upper Manhattan

Central Harlem is emerging as a prime example of this shift, offering a walkable lifestyle with amenities like independent bookstores, cafes, and local shops. Historically, areas like SoHo and Tribeca have been known for their walkable luxury, but Central Harlem now offers a comparable experience with the added benefits of a strong sense of community and potentially lower rents. This trend reflects a broader change in renter preferences across the city, with Central Harlem poised to become a leading destination for those seeking a pedestrian-friendly and vibrant neighborhood. The prestige of a coveted Manhattan address has always been a major factor in rental decisions. But a new contender is vying for renters' attention – walkability. Central Harlem exemplifies this trend, offering a compelling alternative to traditional Manhattan hotspots, while showcasing the rising importance of walkable neighborhoods across New York City.

Walkability Premium in Miami: Is Overtown a Hidden Gem?

In South Florida, walkability significantly affects rent premiums. High walk scores, indicating easy access to amenities, typically lead to higher rents, while areas with lower walk scores offer larger, quieter properties. Miami's Overtown, with a moderate walk score, balances convenience and affordability, attracting those seeking a walkable lifestyle without high costs. This dynamic is crucial for developers and real estate professionals.

Paying for Walkability: How Walk Scores Impact Rent in LA

Walkable neighborhoods in Los Angeles are experiencing a surge in popularity and higher rental premiums. This trend highlights the growing demand for pedestrian-friendly environments with convenient access to amenities and reduced reliance on cars.

Walkability Wields Rent Rewards in San Francisco

Walkability is a key factor in San Francisco's rental market, with studies linking higher Walk Scores to increased rental premiums. Historically expensive areas boast the best walkability, but targeted infrastructure improvements could boost desirability and rents in other neighborhoods, presenting opportunities for investors and developers.

How Walkable is Your Atlanta Neighborhood? Rent Prices May Tell

Atlanta's rental market is changing. Walkable neighborhoods are in demand, with renters willing to pay more to live in areas where they can easily get around on foot. This reflects a broader preference for walkable living, and Atlanta is adapting with new developments. Investors and renters alike should note this trend, as walkability becomes a powerful factor in the city's housing choices.

In Charlotte, Walkability Drives Rent Premiums

As West Charlotte prioritizes pedestrian-friendly development, rent premiums are expected to rise, making it an attractive investment opportunity for those seeking walkable properties with upside potential. For real estate investors in Charlotte, Uptown has reigned supreme. But a shift is brewing, driven by a growing resident preference: walkability.

Walkable Detroit: Steps to Higher Rents & Thriving City

Detroit's urban landscape is shifting to walkable neighborhoods, driving up rent premiums. This trend attracts stable tenants and businesses, offering a glimpse into the future of urban living.

Ditching the Car? Walkability's Impact on Rent in Miami

Explore the correlation between walk scores and rental prices across Miami's zip codes in this insightful graph. See how neighborhoods with higher walk scores correlate with varying rent prices, shedding light on the importance of walkability in Miami's rental market

A Walk in the Park: Exploring the Correlation Between Walkability and High Rental Rates in Boston

Walkable neighborhoods in Boston are capturing the attention of renters, due to their close proximity to amenities and public transportation. Discover why the allure of walkability is reshaping urban living and explore the impact on rental rates in Boston.

Unlocking the Value of Walkable Neighborhoods in Cleveland

Walkable areas tend to command higher rents due to convenience and amenities. Walkable neighborhoods are more than just convenient; they represent a lifestyle that prioritizes health, environmental consciousness, and social connections. This shift toward pedestrian-centric living significantly impacts the real estate sector. Properties in these areas tend to appreciate faster than those reliant on cars.

VIZ: HUD FY 2024 Small Area Fair Market Rents (SAFMR) - Sec.8 RCS 150% Threshold

Search the recently published FY 2024 HUD SAFMR zip code rents and the 150% thresholds for Rent Comparability Studies … Investigate this page to search for rental rates by city or zip code and utilize them in the mandatory market rent threshold test for Rent Comparability Studies - these numbers will be effective for any Rent Comparability Study (RCS) signed by the owner’s appraiser on or after May 1, 2023.

VIZ: 2023 HUD Median Rent by Zip Code

Search the recently published 2023 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Tap the Graphic and Search Rents by City or Zip Code

VIZ: 2022 HUD Median Rent by Zip Code

Search the recently published 2022 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Tap the Graphic and Search Rents by City or Zip Code

VIZ: 2021 HUD Median Rent by Zip Code

Search the recently published 2021 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Tap the Graphic and Search Rents by City or Zip Code

VIZ: 2020 HUD Median Rent by Zip Code

Search the recently published 2020 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Tap the Graphic and Search Rents by City or Zip Code

VIZ: 2019 HUD Median Rent by Zip Code

Search the recently published 2019 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Tap the Graphic and Search Rents by City or Zip Code

VIZ: 2018 HUD Median Rent by Zip Code

Search the recently published 2018 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Tap the Graphic and Search Rents by City or Zip Code

VIZ: 2017 HUD Median Rent by Zip Code

Search the recently published 2017 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Tap the Graphic and Search Rents by City or Zip Code

VIZ: 2016 HUD Median Rent by Zip Code

Search the recently published 2016 HUD median zip code rents and the 140% thresholds for Rent Comparability Studies … Search the recently published HUD median zip code rents and the 140% thresholds - these numbers will be effective for any Rent Comparability Study (RCS) signed by the owner’s appraiser on or after February 11, 2016.