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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 <br />Total % of <br />Unit Type Units Total <br />Monthly Rents <br />Range <br />Low - High <br />Avg. Avg. Rent/ <br />Rent Sq. Ft. <br />Studio 43 10% $650 - $1,130 $1,097 $1.85 <br />1BR 170 38% $740 - $1,425 $1,215 $1.60 <br />1BR/D 1 0% $1,335 $1,335 $1,335 $1.28 <br />2BR 186 42% $810 - $1,720 $1,557 $1.47 <br />2BR/D 15 3% $1,920 $1,920 $1,920 $1.20 <br />3BR 31 7% $1,300 - $2,047 $1,875 $1.33 <br />Total: 446 100% $650 - $2,047 $1,416 $1.50 <br />Vacant: 14 3.1% <br />Affordable <br />Unit Type <br />1BR <br />2BR <br />3BR <br />4BR <br />Total: <br />Vacant: <br />Total <br />Units <br />% of <br />Total <br />Range <br />Low - High <br />Monthly Rents <br />15 15% $674 - $807 <br />47 47% $783 - $966 <br />33 33% $925 - $1,427 <br />6 6% $1,670 - $1,670 <br />101 100% $674 - $1,670 <br />2 2.0% <br />Avg. <br />Rent <br />Avg. Rent/ <br />Sq. Ft. <br />$727 $1.01 <br />$865 $0.90 <br />$1,145 $1.00 <br />$1,670 $1.14 <br />$984 $0.97 <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 79 <br />