RESPONSES REGARDING APARTMENT FEATURES, BY PROPERTY SIZE* The rate at which respondents assigned a very high priority to apartment features did not vary much across properties of different sizes. Residents of small communities expected renters in their area to pay a rent premium for concrete floors that was considerably larger than the rent premiums expected by residents of larger communities.
Top 5 Very High Priority Percentage Top 5 Average Rent Premium
Percent of Respondents Assigning a Very High Priority
Average Rent Premium
ALL
Large Medium Small
ALL
Large Medium Small
Additional Soundproofing
$70
$67
$66
$66
54%
56%
54%
55%
Premium Washer And Dryer
$70
$63
$65
$65
37%
38%
39%
38%
Living Room Balcony
$76
$71
$70
$70
29%
32%
32%
31%
Hardwood-like Floors
$71
$67
$67
$67
29%
30%
31%
30%
Stainless-steel Appliances
$65
24%
$57
$59
$59
27%
27%
27%
Pre-installed Wi-Fi
$53
$52
$50
$51
26%
26%
26%
27%
Non-key Secure Access
$55
23%
$51
23%
$51
$52
24%
23%
Smart Thermostats
$51
19%
$48
22%
$49
$49
23%
22%
Premium Countertops
$64
20%
$58
22%
$58
$59
22%
21%
Device-charging Stations
$42
17%
$40
21%
$38
$40
22%
21%
Floor-to-ceiling Windows
19%
19%
21%
$79
$76
$75
$75
20%
Alarm System
$60
18%
$58
20%
$57
$58
20%
20%
Gas Stove
$49
16%
$46
17%
$45
$46
18%
17%
Wi-Fi-enabled Video Doorbell
$55
13%
$56
16%
$52
$54
16%
15%
Sound System With Bluetooth
$60
9%
$60
11%
$59
$60
12%
11%
Concrete Floors
8%
$61
9%
$60
$63
10%
$72
9%
Bedroom Balcony
7%
9%
9%
$78
$73
$72
$72
9%
Mud Room
6%
$55
7%
$55
$53
7%
$54
7%
*Property sizes are defined such that a roughly equal number of properties are included in each category. Large properties have 303 or more units, medium properties have between 208 and 302 units, and small properties have fewer than 208 units.
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