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Real Estate Deal Analysis & Advice
Account Closed
  • Sunnyvale, CA
21
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71
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Technique for comparing city rental markets

Account Closed
  • Sunnyvale, CA
Posted Oct 12 2016, 22:39

Hey Bigger pockets,

I'm working on a project to use data to compare US cities rental markets. Please take a look and let me know what you think.  I am using the following categories:

  • 1 Yr Job Growth
  • 3 Yr Job Growth
  • Current Unemployment Rate
  • 1 Yr Unemployment Rate Growth
  • 3 Yr Unemployment Rate Growth
  • 1 Yr Median Income Growth
  • 3 Yr Median Income Growth
  • Current Gross Median Rent
  • 1 Yr Gross Median Rent Growth
  • 3 Yr Gross Median Rent Growth
  • 1 Yr Population Growth
  • 3 Yr Population Growth
  • Current % Rent vacancy
  • Current % renters
  • Current Affordability (% people paying less than 35% income to rent)
  • Current Median owner occupied home value
  • 1 Yr growth median owner occupied home value
  • 3 Yr growth median owner occupied home value
  • Current Rent to Price (median gross rent / median owner occupied home value)

For each metric, I look at what's average and what's best. The average cities are given no points, and the best are awarded 100% points. I then add the points from each category and rank the cities. An average city would get zero points and the best would have the most. Some categories are worth more points than others.

Am I missing anything? Am I looking at too much economic data? Which categories are more important than others?

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