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.
“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.
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
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The housing market last month was not as hot as September 2020, but that is probably ... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
The latest installment of Above Asking revisits two recently-featured listings in the... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... 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 »
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