Want to rent a single-family home? Here’s where it’s most affordable.

Nov 18, 2023 | Canyon Crest Guide Newspaper | 0 comments

SEO Content Writing Service

Canyon Crest Guide Newspaper Ads Canyon Crest CA

With the cost of buying a home financially out of reach for most Americans, a growing number of people are choosing to rent a single-family home. 

Nearly 2.5 million U.S. households have rented a single-family home in the past 12 months alone, according to an October estimate from the National Rental Home Council.

“It is generally less expensive to rent a home than to buy one, so for most Americans the path to homeownership starts with renting while saving for a down payment,” Yanling Mayer, an economist with real estate research firm CoreLogic, said in a report this week. “However, homeownership is becoming more elusive than ever for many people, as surging rents over the last few years have put an increasing financial burden on budgets.”

Newspaper Ads Canyon Crest CACanyon Crest Guide Newspaper Ad

The lowest-cost cites for renting a single-family home across the U.S. are in the Midwest and the South. Here are the most most affordable metro areas, along with the median monthly rent, according to CoreLogic.

  • Cleveland, Ohio ($1,395)
  • Jacksonville, North Carolina ($1,400)
  • Oklahoma City, Oklahoma ($1,595)
  • Fayetteville, North Carolina ($1,600)
  • St. Louis, Missouri ($1,650)
  • Detroit, Michigan ($1,750)
  • Fayetteville, Arkansas ($1,750)
  • New Orleans ($1,750)
  • College Station, Texas ($1,785)
  • Tucson, Arizona ($1,875)

Of the millions of Americans who began renting a single-family home, most said they made the move because they wanted better housing, transferred to the area for a new job, needed cheaper housing or wanted to establish their own household, CoreLogic found.

Fully half of the nation’s renters today live in a single-family home, while the rest live in multifamily buildings such as an apartment complex or condominium, as well as in in mobile homes, according to CoreLogic. Renting a single-family home is the most expensive option of the three, with the median monthly rent tallying $2,600 as of September. Still, renting a place is cheaper than buying a home in most parts of the nation. 

Here are the nation’s most expensive metro areas for renting a single-family home as of September, according to CoreLogic:

  • Los Angeles ($4,750)
  • San Diego ($4,500)
  • San Jose ($4,300)
  • San Francisco ($4,200)
  • Ventura, California ($3,925)
  • Riverside, California ($3,250)
  • Miami ($3,200)
  • Boston ($3,000)
  • Bridgeport, Connecticut ($3,000)
  • New York City ($3,000)

Soaring homeownership costs

The costs of owning a home have skyrocketed in recent years, driven largely by a shortage of properties on the market and, more recently, surging mortgage rates. The typical American household needs an annual income of $115,000 to afford the median priced home across the U.S., which is $40,000 more than what the average household makes, according to Redfin. 

The median down payment on a home in September was nearly $61,000, the real estate firm’s data shows. That’s up roughly 15% from a year earlier, the biggest increase since June 2022.

Source link

Reach Out

Don’t hesitate to reach out to us to discuss your specific needs. Our team is ready and eager to provide you with tailored solutions that align with your firm’s goals and enhance your digital marketing efforts. We look forward to helping you grow your law practice online.

Our Services:
Blog Post Writing
We do well-researched, timely, and engaging blog posts that resonate with your clientele, positioning you as a thought leader in your domain.

Content Writing
Beyond articles and content for blogs, we delve into comprehensive content pieces like eBooks, and case studies, tailored to showcase your expertise.
Website Content Writing: First impressions matter. Our content ensures your website reflects the professionalism, dedication, and expertise you bring to the table.

Social Media Management
In today’s interconnected world, your online presence extends to social platforms. We help you navigate this terrain, ensuring your voice is consistently represented and heard.

WordPress Website Maintenance
Your digital office should be as polished and functional as your physical one. We ensure your WordPress site remains updated, secure, and user-friendly.
For more information, ad placements in our attorney blog network, article requests, social media management, or listings on our top 10 attorney sites, reach out to us at canyoncrestguide@gmail.com.

Warm regards,

Canyon Crest Guide Newspaper

California Estate Planning
Canyon Crest Guide Newspaper Ads Canyon Crest CA

Whether you’re a startup or an established brand, business directories offer an affordable, yet powerful tool to elevate your brand recognition and reach. Sign up, stand out, and let your business soar to new heights, sign up to one of our directory websites:

Canyon Crest Directory

Riverside Ca Business Directory

The Riverside Coupon Directory

Content Writing Service

Newspaper Ads Canyon Crest CA

Like us on Facebook Here

Canyon Crest Guide
5225 Canyon Crest Drive Ste.71 #854 Riverside CA 92507
Tony Ramos 951-235-3518
For great backlinks to your website sign up to one of our directory websites:
Canyon Crest Directory
Riverside Ca Business Directory
The Riverside Coupon Directory

Anxiety Stress Management

Live a Life of Contentment eBook We all want to be satisfied, even though we know some people who will never be that way, and others who see satisfaction as a foreign emotion that they can’t hope to ever feel.

Newspaper Ads Canyon Crest CA

Click To See Full Page Ads

Click To See Half Page Ads

Click To See Quarter Page Ads

Click To See Business Card Size Ads

If you have questions before you order, give me a call @ 951-235-3518 or email @ canyoncrestnewspaper@gmail.com Like us on Facebook Here

Source link

You May Also Like


Submit a Comment

Your email address will not be published. Required fields are marked *

Contact Us

Contact Us

Personal Injury Attorney

Websites For Sale Personal Injury Attorneys

Criminal Defense Attorneys

Websites For Sale Criminal Defense Attorney

Bankruptcy Attorneys

Websites For Sale Bankruptcy Attorneys

General Practice Attorneys

Websites For Sale General Practice Attorneys

Family Attorneys

Websites For Sale Family Attorneys

Corporate Attorneys

Websites For Sale Corporate Attorneys

Home Privacy Policy Terms Of Use Anti Spam Policy Contact Us Affiliate Disclosure Amazon Affiliate Disclaimer DMCA Earnings Disclaimer