RESPONSES REGARDING APARTMENT FEATURES, BY INCOME BRACKET* The rate of very high priority responses did not vary much between respondents in different income brackets. Relatively high-income respondents were slightly more likely than others to say that additional soundproofing is a very high priority . They also expected renters to pay premiums for balconies, hardwood-like floors, and floor-to-ceiling windows that are significantly larger than those expected by other respondents.
Top 5 Very High Priority Percentage Top 5 Average Rent Premium
Percent of Respondents Assigning a Very High Priority
Average Rent Premium
Less than $40,000
$40,001 - $75,000
More than $75,000
Less than $40,000
$40,001 - $75,000
More than $75,000
ALL
ALL
Additional Soundproofing
55%
47%
51%
58%
$67
$56
$64
$75
Premium Washer And Dryer
38%
37%
37%
36%
$65
$60
$65
$69
Living Room Balcony
31%
27%
29%
32%
$71
$57
$64
$82
Hardwood-like Floors
30%
27%
29%
31%
$67
$52
$64
$74
Stainless-steel Appliances
27%
20%
24%
27%
$59
$50
$58
$64
Pre-installed Wi-Fi
26%
25%
24%
24%
$51
$50
$51
$53
Non-key Secure Access
23%
21%
22%
22%
$52
$51
$50
$52
Smart Thermostats
22%
19%
21%
21%
$49
$49
$46
$49
Premium Countertops
21%
16%
18%
22%
$59
$52
$57
$64
Device-charging Stations
21%
23%
19%
17%
$40
$36
$38
$40
Floor-to-ceiling Windows
20%
13%
14%
21%
$76
$51
$73
$87
Alarm System
20%
21%
18%
14%
$58
$58
$59
$58
Gas Stove
17%
14%
13%
17%
$46
$32
$45
$52
Wi-Fi-enabled Video Doorbell
15%
16%
15%
13%
$54
$52
$55
$53
Sound System With Bluetooth
11%
11%
10%
10%
$60
$59
$59
$60
Concrete Floors
9%
8%
7%
8%
$63
$53
$63
$67
Bedroom Balcony
9%
9%
8%
7%
$73
$58
$72
$82
Mud Room
7%
7%
6%
5%
$54
$54
$51
$54
*Respondents’ household income brackets were determined based on their responses to the survey. Participants were asked to select the income bracket that contains their annual household income from a list of seven options: less than $25,000, $26,000-$40,000, $41,000-$50,000, $51,000-$74,000, $75,000- $100,000, $101,000-$150,000, and more than $150,000. During analysis, responses were consolidated into three brackets: less than $41,000, $41,000-$75,000, and more than $75,000.
AUBREY Arlington, VA
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