What's Hot: Plans Progress For a New Grocery Store at Friendship Heights Mall | Move-In Ready Townhomes at EYA's Northeast DC Neighborhoods
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 belowloading...
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: affordable housing, affordable housing dc, trulia, trulia insights
This article originally published at https://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
Clarion Partners, the owner of the Chevy Chase Pavilion, has filed modifications to i... read »
The new development keeps humming along in DC's Buzzard Point.... read »
Where it's cheaper to build than buy; Elon Musk is not making Texas happy; and the wo... read »
If you are tired of getting lost in their stores, IKEA has a new location planned tha... read »
The Townhomes at Michigan Park and Riggs Park Place are now selling their final homes... read »
At an ANC 4A meeting on Tuesday night, representatives from Whole Foods said that the... read »
The application to raze the infamous fast food location at New York and Florida Avenu... read »
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
The application has been filed for the American City Diner along Connecticut Avenue i... read »
The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- Plans Progress For a New Grocery Store at Friendship Heights Mall
- The Stacks, Brooklyn Bowling and a Vermeer: The 5 Developments on the Boards for Buzzard Point
- Friday's Must Reads
- IKEA Opening Small Format, Delivery Only Location in Pentagon City
- New, Move-In Ready Townhomes at EYA’s Northeast DC Neighborhoods
- Whole Foods at Walter Reed To Open This Summer
- The End is Here: Raze Permit Filed For Wendy's at Dave Thomas Circle
- How to Appeal Your DC Property Tax Assessment
- Raze Application May Spell The End For One of DC's Last Diner Buildings
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro