Rents in Cuenca

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CB48 Active member

Member since 23 November 2011

CB48Active member24 February 2014 01:30:28

Just read on Gringo Tree that the rule of thumb for rents in the US is 1% of the property value per month. (ie a$150000 home would rent for $1,500 per month). I don't know where that comes from! It certainly isn't St. Louis. In my building, properties worth $250,000 are renting for $1,500 per month. It's supply and demand. Real estate agents try to get what the market will bear. If Gringos will pay it, that's what it will be!

rsymington Contributor

Member since 17 May 2013

rsymingtonContributor24 February 2014 17:35:50

111

CB48 wrote:
Just read on Gringo Tree that the rule of thumb for rents in the US is 1% of the property value per month. (ie a$150000 home would rent for $1,500 per month). I don't know where that comes from! It certainly isn't St. Louis. In my building, properties worth $250,000 are renting for $1,500 per month. It's supply and demand. Real estate agents try to get what the market will bear. If Gringos will pay it, that's what it will be!

I'm with you CB. Just using numbers from Zillow, our house value is $247K, with a suggested rent of $1,500. I believe Zillow numbers. Just being a realist, I sure as heck wouldn't rent my place for $2,470.00 per month, why would anybody else :-)

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