DC Region Has Highest Share of Spare Bedrooms in the Country

A spare bedroom for rent in Mount Pleasant.
DC-area homes are apparently filled with spare bedrooms.
A report released today by Trulia estimates that the region has the greatest share of spare bedrooms out of the 25 largest metro areas nationwide. In using Census data to count households with at least two more bedrooms than there are individual occupants, the study found that 5.6 percent of households had a spare bedroom that could potentially be rented out, housing 133,685 individuals.
story continues below
loading...story continues above
“Metros in Virginia and around the Washington area are the biggest places to look for empty nests,” the report stated. “Out of the 100 largest metros, Silver Spring, Md., ranked second and Washington fourth (but ranked first when only considering the top 25 rental markets). Nearby Richmond, Va., ranked fifth and Virginia Beach, Va., eighth for share of homes with available rooms.”
Assuming that a one-bedroom apartment in the region rents for $1,725 a month and an individual bedroom rents for $942, the report estimates that a landlord could bring in nearly $11,302 annually while the renter saved $9,396. It’s no wonder that there are new apps attempting to connect empty-nesters with millennials looking to save money on rent.
Trulia counts two extra bedrooms in a home as one spare room assuming that the other room may be used as a guest bedroom or office.
See other articles related to: trulia insights, trulia, affordable housing dc, affordable housing
This article originally published at http://dc.urbanturf.com/articles/blog/dc_region_has_highest_share_of_spare_bedrooms_in_the_country/12811
Most Popular... This Week • Last 30 Days • Ever

UrbanTurf has compiled virtual tours from large new developments around the DC region... read »

Between on-campus and off-campus developments, Howard University deserves a rundown o... read »

The 5,500 square-foot condominium is a penthouse at the Ritz-Carlton in Georgetown.... read »

The massive new development would sit on a triangular parking lot at First Street and... read »

The project has added 10 units since its last milestone approval in 2019.... read »
- A Virtual Tour of More Than 30 DC-Area Developments
- On-Campus and Off-Campus: The Howard University Rundown
- $18 Million: DC's Priciest Condo Ever Hits the Market in Georgetown
- Douglas Development Pitches 557-Unit Development Across From Dave Thomas Circle
- From 60 to 72 Condos: Georgetown West Heating Plant Development Grows in Size
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro