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RENTAL MARKET ANALYSIS <br />TABLE R-6 <br />UNIT TYPE SUMMARY <br />SELECT GENERAL OCCUPANCY RENTAL DEVELOPMENTS <br />NEIGHBORING COMMUNITIES <br />JUNE 2019 <br />AFFORDABLE UNITS <br />Monthly Rents <br />Unit Type <br />Total % of <br />Units Total <br />Avg. <br />Size <br />Range <br />Low - High <br />Avg. <br />Rent <br />Avg. Rent/ <br />Sq. Ft. <br />1BR <br />2BR <br />3BR <br />160 33.3% <br />198 41.2% <br />123 25.6% <br />725 <br />980 <br />1,250 <br />$790 - $1,040 <br />$945 - $1,216 <br />$1,080 - $1,450 <br />$926 <br />$1,082 <br />$1,277 <br />$1.28 <br />$1.10 <br />$1.02 <br />(Total: <br />481 100% <br />985 <br />$790 - $1,450 <br />$1,095 <br />$1.11 <br />MARKET RATE UNITS <br />Monthly Rents <br />Unit Type <br />Total % of <br />Units Total <br />Avg. <br />Size <br />Range <br />Low - High <br />Avg. <br />Rent <br />Avg. Rent/ <br />Sq. Ft. <br />1BR <br />1BR + D <br />2BR <br />3BR <br />348 48.8% <br />5 0.7% <br />304 42.6% <br />56 7.9% <br />778 <br />1,021 <br />1,015 <br />1,245 <br />$799 - $1,519 <br />$1,529 $1,619 <br />$1,115 - $1,879 <br />$1,283 - $1,990 <br />$1,093 <br />$1,574 <br />$1,360 <br />$1,637 <br />$1.41 <br />$1.54 <br />$1.34 <br />$1.32 <br />(Total: <br />713 100% <br />1,015 <br />$799 - $1,990 <br />$1,416 <br />$1.40 <br />Source: Maxfield Research & Consulting, LLC <br />See the Planned and Proposed Housing Developments on Page 125 for a summary of under <br />construction and pending multifamily rental housing in the City of Ramsey. <br />MAXFIELD RESEARCH AND CONSULTING <br />84 <br />