How Much Will an Extra Bedroom Cost You in Rent?

It’s turn into more and more clear over the previous 12 months that distant work will not be going to fade away when the pandemic does. A survey of 20,000 renters carried out by RentCafé this May discovered third of respondents had been working from residence and anticipated to proceed, both totally or partially.

Among respondents anticipating to proceed distant work, 75 % mentioned they didn’t have a separate room to work from, as an alternative making use of bedrooms, residing rooms, kitchens and even closets. A 3rd mentioned they had been seeking to improve to a spot with an further room.

But how a lot will that price? Among the 100 largest U.S. cities, the extra lease wanted for one more room ranged from 11 % (or $131) in Stockton, Calif., to a whopping 43 % (or $1,532) in Manhattan. (To stop skewing the information in New York City, the place rents fluctuate broadly, every borough was thought of independently.) The nationwide common enhance was 24 %, irrespective of the dimensions of the present residence.

One notice of encouragement to these involved concerning the further price of a rental with extra rooms: The cash saved on commuting when working from residence, it was discovered, might cowl a lot of the price of sizing up. (On common, $417 was spent on commuting, whereas an further room elevated prices by $337.)

This week’s chart, primarily based on the RentCafé information, reveals which of the most important 100 U.S. cities had the smallest and biggest share will increase in lease when sizing as much as an place with an extra bed room.

Need Another Bedroom?

The cities with the most important and smallest share will increase in lease when sizing as much as a unit with an extra bed room.

Smallest Increase

Greatest Increase

PERCENT

INCREASE

PERCENT

INCREASE

DOLLAR

INCREASE

DOLLAR

INCREASE

CITY

CITY

43%

$1,592

11%

Manhattan*

$131

Stockton, Calif.

39%

$923

11%

$148

Los Angeles

Modesto, Calif.

38%

$706

12%

$104

Seattle

Memphis

38%

$646

15%

$191

Chicago

Baltimore

37%

$1,zero33

15%

$193

San Francisco

Charlotte, N.C.

35%

$603

15%

$224

Philadelphia

Atlanta

35%

$292

16%

$152

Lubbock, Texas

Indianapolis

34%

$496

16%

$167

Minneapolis

Birmingham, Ala.

33%

$872

16%

$211

Oakland, Calif.

Boise, Idaho

33%

$305

16%

$219

Nashville

Tucson, Ariz.

Smallest Increase

PERCENT

INCREASE

DOLLAR

INCREASE

CITY

11%

$131

Stockton, Calif.

11%

$148

Modesto, Calif.

12%

$104

Memphis

15%

$191

Baltimore

15%

$193

Charlotte, N.C.

15%

$224

Atlanta

16%

$152

Indianapolis

16%

$167

Birmingham, Ala.

16%

$211

Boise, Idaho

16%

$219

Nashville

Greatest Increase

PERCENT

INCREASE

DOLLAR

INCREASE

CITY

43%

$1,592

Manhattan*

39%

$923

Los Angeles

38%

$706

Seattle

38%

$646

Chicago

37%

$1,zero33

San Francisco

35%

$603

Philadelphia

35%

$292

Lubbock, Texas

34%

$496

Minneapolis

33%

$872

Oakland, Calif.

33%

$305

Tucson, Ariz.

*For the needs of this research, Manhattan was handled as a separate metropolis.

Source: RentCafé

By The New York Times

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