Market guide
What Is a Rental Market Analysis?
A rental market analysis uses comparable rentals and local conditions to explain a property's likely market rent.
It answers a market question
The main question is what a willing renter may pay in the current market. The analysis compares the subject property with similar available or recently rented homes.
It reviews more than an average
Area averages combine properties with different sizes, types, and conditions. A useful analysis narrows the data to relevant comps and then reviews supply, demand, vacancy, and the features that affect the subject property.
It supports owners and investors
Owners can use the result to set an asking rent. Investors can use it as the income basis for a broader property analysis. Recheck the market before a new lease because local conditions can change.