this post was submitted on 29 Apr 2025
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My mortgage is close to 1600 a month. Plus HOA fees on top of that.
I dont think rent being at that price range is always greedy landlords.
What's your interest rate? That plays a huge factor in what your monthly payments are.
Im at 5%
I think you're right. The problem is that salaries are not keeping up. It's been a chronic problem.
Look at what it would cost to rent a similar house in your area in terms of sq footage and location. Note a house not an apartment I shouldn't be surprised if its closer to $3500
I have the same mortgage and a property manager I talked to said my house would rent for $2300. Major American city.
Actually there's an influx of similar properties around here that are just asking for 1600ish per month.
Ya what market, sq footage and bedrooms?