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RENTAL MARKET ANALYSIS <br />R-5 <br />SURVEYED UNIT TYPE SUMMARY <br />SELECT GENERAL OCCUPANCY RENTAL DEVELOPMENT SURVEY <br />CITY OF RAMSEY <br />JUNE 2019 <br />Market Rate Monthly Rents <br />Unit Type <br />Total % of <br />Units Total <br />Range <br />Low - High <br />Avg. <br />Rent <br />Avg. Rent/ <br />Sq. Ft. <br />Studio <br />1BR <br />1BR/D <br />2BR <br />2BR/D <br />3BR <br />43 10% <br />170 38% <br />1 0% <br />186 42% <br />15 3% <br />31 7% <br />$650 - $1,130 <br />$740 - $1,425 <br />$1,335 $1,335 <br />$810 - $1,720 <br />$1,920 $1,920 <br />$1,300 - $2,047 <br />$1,097 <br />$1,215 <br />$1,335 <br />$1,557 <br />$1,920 <br />$1,875 <br />$1.85 <br />$1.60 <br />$1.28 <br />$1.47 <br />$1.20 <br />$1.33 <br />Total: <br />446 100% <br />$650 - $2,047 <br />$1,416 <br />$1.50 <br />Vacant: <br />14 3.1% <br />Affordable <br />Monthly <br />Rents <br />Unit Type <br />Total % of <br />Units Total <br />Range <br />Low - High <br />Avg. <br />Rent <br />Avg. Rent/ <br />Sq. Ft. <br />1BR <br />2BR <br />3BR <br />4BR <br />15 15% <br />47 47% <br />33 33% <br />6 6% <br />$674 -$807 <br />$783 - $966 <br />$925 - $1,427 <br />$1,670 - $1,670 <br />$727 <br />$865 <br />$1,145 <br />$1,670 <br />$1.01 <br />$0.90 <br />$1.00 <br />$1.14 <br />Total: <br />101 100% <br />$674 - $1,670 <br />$984 <br />$0.97 <br />Vacant: <br />2 2.0% <br />* This table includes data from rental developments that provided complete survey <br />information <br />Source: Maxfield Research & Consulting, LLC <br />MAXFIELD RESEARCH AND CONSULTING 78 <br />