|
RENTAL MARKET ANALYSIS
<br />TABLE R-3
<br />SELECT GENERAL OCCUPANCY RENTAL DEVELOPMENT SURVEY
<br />CITY OF RAMSEY
<br />JUNE 2019
<br />Year
<br />Units/
<br />Monthly
<br />Rent per
<br />Property Name/Location Built
<br />Vacant
<br />Unit Mix
<br />Unit Size
<br />Rent
<br />Square Foot
<br />Amenities/Comments
<br />Affordable
<br />Greenway Terrace Apts. 2018
<br />54
<br />6 - 1BR
<br />685 - 724
<br />$807 - $807
<br />$1.11 - $1.18
<br />Off Street Parking, Laundry Facilit
<br />7562 146th Ave NW
<br />0
<br />21 - 2BR
<br />951 - 1,124
<br />$966 - $966
<br />$0.86 - $1.02
<br />Playground, Community Room, DI
<br />Ramsey, MN
<br />0.0%
<br />21 - 3BR
<br />1,124 - 1,225
<br />$1,113 - $1,427
<br />$0.99 - $1.16
<br />Units), Garden Plots.
<br />6 - 4BR
<br />1,470 - 1,479
<br />$1,670 - $1,670
<br />$1.13 - $1.14
<br />Sunwood Village 2016
<br />47
<br />9 - 1BR
<br />703 - 752
<br />$674 - $674
<br />$0.90 - $0.96
<br />Laundry Facilities, Community Ro,
<br />7750 NW Sunwood Dr
<br />2
<br />26 - 2BR
<br />892 - 902
<br />$783 - $783
<br />$0.87 - $0.88
<br />Near NorthStar Commuter Rail, G
<br />Ramsey, MN
<br />4.3%
<br />12 - 3BR
<br />1,095 - 1,116
<br />$925 - $925
<br />$0.83 - $0.84
<br />Affordable Total
<br />Market Rate
<br />Park View East Apts. 2017
<br />121
<br />46 - 1BR
<br />672 - 848
<br />$1,040 - $1,240
<br />$1.46 - $1.55
<br />Clubhouse, Fitness Center, Playgr,
<br />14450 Rhinestone St
<br />5
<br />57 - 2BR
<br />948 - 1,103
<br />$1,390 - $1,690
<br />$1.47 - $1.53
<br />Station, Surface Parking & Detach
<br />Ramsey, MN
<br />4.1%
<br />18 - 3BR
<br />1,287 - 1,428
<br />$1,740 - $2,040
<br />$1.35 - $1.43
<br />Unit Washer & Dryer.
<br />The Residence at the COR 2015
<br />230
<br />42 - Studio
<br />546 - 642
<br />$1,085 - $1,130
<br />$1.76 - $1.99
<br />Outdoor Pool, Resident Lounge, 2
<br />7700 Sunwood Dr NW
<br />7
<br />69 - 1BR
<br />676 - 793
<br />$1,180 - $1,310
<br />$1.65 - $1.75
<br />Bike Storage, Coffee Station, Elect
<br />Ramsey, MN
<br />3.0%
<br />1 - 1BR + D
<br />1,039 - 1,039
<br />$1,335 - $1,335
<br />$1.28 - $1.28
<br />Tanning Bed, Courtyard, BBQs, Im
<br />98 - 2BR
<br />976 - 1,236
<br />$1,680 - $1,720
<br />$1.39 - $1.72
<br />In Some Units, Patio/Balcony, Disl
<br />15 - 2BR + D
<br />1,598 1,598
<br />$1,920 - $1,920
<br />$1.20 - $1.20
<br />5 - 3BR
<br />1,598 1,598
<br />$2,047 - $2,047
<br />$1.28 - $1.28
<br />Terrace Hill Apts. 2008
<br />63
<br />40 - 1BR
<br />762 - 878
<br />$1,425 - $1,425
<br />$1.62 - $1.87
<br />Surface and garage parking, rent i
<br />14320 Dysprosium St NW
<br />2
<br />16 - 2BR
<br />966 - 1,161
<br />$1,360 - $1,430
<br />$1.23 - $1.41
<br />sewer, fitness center, club room.
<br />Ramsey, MN
<br />3.2%
<br />7 - 3BR
<br />1,323 - 1,323
<br />$1,795 - $1,795
<br />$1.36 - $1.36
<br />Rivers Bend Apts. 1988
<br />32
<br />1 - Studio
<br />478 - 478
<br />$650 - $650
<br />$1.36 - $1.36
<br />Surface and underground garage
<br />13929 St Francis Blvd NW
<br />0
<br />15 - 1BR
<br />735 - 735
<br />$740 - $760
<br />$1.01 - $1.03
<br />facilities, extra storage available, I
<br />Ramsey, MN
<br />0.0%
<br />15 - 2BR
<br />740 - 956
<br />$810 - $920
<br />$0.96 - $1.09
<br />1 - 3BR
<br />2,160 - 2,160
<br />$1,300 - $1,300
<br />$0.60 - $0.60
<br />Market Rate Total
<br />446
<br />14 3.1%
<br />City of Ramsey Rental Housing Total
<br />547
<br />16 2.9%
<br />Source: Maxfield Research & Consulting, LLC
<br />MAXFIELD RESEARCH AND CONSULTING
<br />
|