Did you know Danbury,CT Rentals?

By
Real Estate Agent with William Pitt Sotheby's International Realty CT RES.0783448

I get an a lot of requests from people that are looking for a rental. Keep in mind, a lot of the properties that you see listed online my website are typically for sale with an occasional rental. I don't get an ongoing notice of properties that will be coming available ahead of time in several months. I am only aware of what is currently offered through the multiple listing service. Very few if any properties with an agent would consider a short term rentals or a month a month.

It it standard pratice by most landlords to do a credit check, collect information about employment, salary as well as contact information for your current landlord. It is an active market for rentals. On average between 2010-2016, on average 609 properties were leased.; that works out to about 12 new leases being signed every week.  As you can see below, it is a landlords market.

Year Average Rent Median Rent
2010 $1390 $1250
2011 $1458 $1250
2012 $1497 $1350
2013 $1546 $1400
2014 $1574 $1450
2015 $1721 $1600
2016 $1721 $1650

Information per CMLS 1/17/2017, accurate but not guaranteed

If you evaluate that data, the average rent in Danbury has gone up approximately 19.3% over 7 years, which leads to an annual average increase of 2.76%.  The scary  thing is the median, which rose 24.3% , which adjusts to a 3.47% annual increase.  There is no guarantee that this trend of high rent is going to keep up.  However I can tell you if you where to keep renting for several years, you are out a lot of money with no return.

House Keys

In several cases, it makes considerbly more sense to own a home rather than rent if you can qualify for a mortgage. Without even too large or a down payment, it is more affordable to own a home. Each month you build equity. There are several other benefits for owning a home. Please contact me for furhter details. I look forward to hearing from you!







 

Posted by

Jonathan Hall, Realtor Serving Greater Danbury & Candlewood Lake with William Pitt Sotheby's International Realty
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203-417-0523
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This information is provided by Jonathan Hall,Realtor  with William Pitt Sotheby's International Realty in the Greater Danbury & Candlewood Region of CT. For additional information, please call him at 203-417-0523,203-796-7700X305 or email me at danburyrealestate@gmail.com . Unless indicated, all content is the property of Jonathan Hall. If you would like to use any of this information, please contact me for permission. He is a licensed CT Salesperson License #RES.0783448 with William Pitt Real Estate LLC License # REB.0751698. His office is located at 112 Federal Road,Danbury CT 06811.

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first time buyers danbury ct
danbury ct rentals
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Jonathan Hall

Realtor - Danbury,CT Area Real Estate~203-417-0523
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