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RENTAL MARKET ANALYSIS <br />TABLE R-7 <br />UNIT TYPE SUMMARY <br />SELECT GENERAL OCCUPANCY RENTAL DEVELOPMENTS <br />NEIGHBORING COMMUNITIES <br />JUNE 2019 <br />AFFORDABLE UNITS <br />Unit Type <br />1BR <br />2BR <br />3BR <br />'Total: <br />Total % of <br />Units Total <br />Avg. <br />Size <br />Monthly Rents <br />Range <br />Low - High <br />160 33.3% 725 $790 - $1,040 <br />198 41.2% 980 $945 - $1,216 <br />123 25.6% 1,250 $1,080 - $1,450 <br />Avg. <br />Rent <br />$926 <br />$1,082 <br />$1,277 <br />Avg. Rent/ <br />Sq. Ft. <br />$1.28 <br />$1.10 <br />$1.02 <br />481 100% 985 $790 - $1,450 $1,095 $1.11 <br />MARKET RATE UNITS <br />Unit Type <br />Total % of <br />Units Total <br />Avg. <br />Size <br />Monthly Rents <br />Range <br />Low - High <br />1BR 348 48.8% 778 $799 - $1,519 <br />1BR + D 5 0.7% 1,021 $1,529 $1,619 <br />2BR 304 42.6% 1,015 $1,115 - $1,879 <br />3BR 56 7.9% 1,245 $1,283 - $1,990 <br />'Total: 713 100% 1,015 $799 - $1,990 <br />Source: Maxfield Research & Consulting, LLC <br />Avg. <br />Rent <br />$1,093 <br />$1,574 <br />$1,360 <br />$1,637 <br />Avg. Rent/ <br />Sq. Ft. <br />$1.41 <br />$1.54 <br />$1.34 <br />$1.32 <br />$1,416 $1.40 <br />See the Planned and Proposed Housing Developments on Page 120 for a summary of under <br />construction and pending multifamily rental housing in the City of Ramsey. <br />MAXFIELD RESEARCH AND CONSULTING <br />85 <br />