RentData is a helpful tool for anyone involved in the rental market – renters, landlords, or investors.
With our website, you gain access to rental prices nearby and a range of features that can help you make informed decisions about your housing situation.
Whether you want an affordable place to stay or find new investment opportunities, RentData can help.
How to Use RentData to Get the Most Accurate Rental Prices in Your Area
For Renters
RentData helps users find the fair market rent analysis in their area. The Department of Housing and Urban Development (HUD) sets the Fair Market Rent (FMR) rate each year.
HUD conducts an annual nationwide survey to determine FMR rates, including both rent prices and utility costs.
This serves as the basis for payment amounts within housing assistance programs.
With RentData, you can access rental market analysis via zip code or by state.
Learn more with our 2023 Guide: What is Fair Market Rent?
Furthermore, RentData makes it easy for individuals to find out what housing assistance might be available to them. It can be especially beneficial for those with low incomes who may need a hand making ends meet.
It offers an overview of the various programs that might provide financial aid and details on how much assistance you could potentially receive.
RentData is also here if you're ready to take the plunge into homeownership. The website offers information on FHA loans, down payment assistance programs, and other resources to help make purchasing a home efficient and affordable.
FHA loans are covered by government-backed mortgage insurance (paid for by the borrower). This insurance protects the lender in case of default.
Because lenders are protected, they offer FHA borrowers more competitive rates, require lower down payments upfront, and are willing to lend to homebuyers who might not qualify otherwise due to poor credit or no credit.
Even with the extra expense of paying for Mortgage Insurance the overall monthly payment may be less due to the lower interest rates you'll receive. Talk to an FHA Approved Lender to determine what's right for you.
Check out FHALoans.guide for everything you need to know about FHA loans.
For Landlords
For landlords, RentData is a helpful resource for calculating appropriate rental prices. It quickly answers users’ most common question - “What’s the average rent in my area?”
And that’s how landlords can adjust their pricing accordingly, helping ensure that they're offering fair and affordable rentals.
RentData also provides information about Section 8/housing voucher program tenants. Landlords who accept tenants sponsored by the government can gain numerous benefits.
For instance - rent would be paid promptly each month, alleviating any concern over late payments. Additionally, these tenants often make great renters, which creates positive and reliable tenant relationships while generating a steady source of income.
For Investors
Finally, RentData is an ideal platform for investors looking to stay on top of the rental market. By doing a rental price analysis with our tool, they can see where the most fruitful investment opportunities are.
For a one-time fee of just $119, investors can download and access the full rental market database broken down by zip code.
This data gives them the ability to make well-informed decisions about where and how to invest their money for maximum return.
In summary, RentData is an invaluable resource for anyone involved in the rental market.
Landlords, renters, and investors alike can benefit from its features.
Be informed about your housing decisions - rent, buy or invest - with RentData.
