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Market Rents Asked and Minimum Incomes Required: 1996 to 2006
| 1996 | 2001 | 2006 | Increase 1996 to 2006 |
||||
|---|---|---|---|---|---|---|---|
| Apt. Size | Typical Rent Asked |
Income Required1 |
Typical Rent Asked |
Income Required1 |
Typical Rent Asked |
Income Required1 |
|
| 1 Bedroom Unit | $913 | $36,520 | $1,470 | $58,800 | $1,600 | $64,000 | 75% |
| 2 Bedroom Unit | $1,163 | $46,520 | $1,950 | $78,000 | $1,900 | $76,000 | 63% |
| 3 Bedroom Unit | $1,405 | $56,200 | $2,390 | $95,600 | $2,300 | $92,000 | 64% |
| HUD Est. Median for Family of 4 |
-- | $56,500 | -- | $70,000 | -- | $82,600 | 46% |
| 1. Minimum incomes based on payment of 30% of pre-tax income for housing expenses. | |||||||
| Sources: Cambridge Community Development Department, 1996; Harvard Housing Office, 2001; Boston.com rental ads and associated realtor websites, March 6, 2006; Department of Housing and Urban Development, income limits, http://www.huduser.org/datasets/il.html, 2006. | |||||||
For More Information
For more information about socioeconomic and demographic statistics about Cambridge, please contact Cliff Cook, ccook@cambridgema.gov, Planning Information Manager, at 617/349-4656. The Community Development Department TTY line is 617/349-4621.
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