The Brantford Rental Market - Fall 2024
This rental market analysis for real estate investors highlights the expected rental prices across various property types and bedroom configurations based on the most recent 60 days of market data. Apartments show a wide range of rents, with one-bedroom units achieving between $1,300 and $2,200, while two-bedroom units range from $1,450 to $2,400. Basement apartments provide more stable rents, with two-bedroom units typically fetching around $1,600. Larger homes offer higher returns, with three-bedroom houses renting between $2,457 and $3,100, and four-bedroom homes commanding up to $3,200. This report equips investors with insights into potential rental income, allowing for informed decision-making based on property type and size.
Rental Market Analysis for Real Estate Investors
The following analysis breaks down rental price expectations in the local market based on the most recent 60 days of data. The report provides insights into different types of rental units, categorized by the number of bedrooms, to give investors a clear understanding of potential rental income.
Apartment/Condo Buildings
1-Bedroom Apartments:
Price Range: $1,300 to $2,200
Median Rent: $1,575
Analysis: One-bedroom apartments offer a broad price range, with the median rent falling in the middle. Investors can expect that most units will rent around the $1,575 mark, but in high-demand areas, rents may go as high as $2,200.
2-Bedroom Apartments:
Price Range: $1,450 to $2,400
Median Rent: $1,875
Analysis: Two-bedroom units command higher rents than one-bedroom, as expected. The median rent is closer to $1,875, with the potential to achieve higher rents, especially for larger or newly renovated units.
Basement Apartments In Homes
2-Bedroom Basement Apartments:
Price Range: $1,550 to $2,100
Median Rent: $1,600
Analysis: Investors looking at basement apartments can expect slightly lower rental prices than standard apartments. However, with a narrow price range, the median rent sits at $1,600, providing more stability in rental income projections.
Full House Rentals
3-Bedroom Houses:
Price Range: $2,457 to $3,100
Median Rent: $2,800
Analysis: For larger family homes, investors can expect a higher return. The median rent for a 3-bedroom house is around $2,800, with the potential for top-tier properties to achieve over $3,000 per month.
4-Bedroom Houses:
Price Range: $2,700 to $3,200
Median Rent: $2,950
Analysis: Four-bedroom homes have a higher median rent of $2,950, indicating strong demand for larger homes in the market. This segment offers a slightly tighter range of prices, giving investors more predictable income potential.
Summary
This data shows that the rental market offers a wide variety of price points depending on the property type and size. Apartments and basement units cater to a broader renter base, while larger homes (3-4 bedrooms) provide more significant returns but may have a smaller pool of potential tenants. Investors can use this information to strategically target the type of rental property that best suits their investment goals, depending on whether they are looking for consistent income or aiming for higher returns in specific property segments.
This analysis provides real estate investors with a clear picture of what they can expect in the local rental market, helping them make informed decisions on future investments.