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<br />Inventory (Draft July 7) Page 19 <br />Housing Cost <br /> <br />The table below illustrates how rent rates are distributed. Most rents in 2015 fell in the $500 to <br />$999 per month range. Median rent in 2015 was $854. <br /> <br />Gross Rent, 2015 <br />Gross Rent Per <br />Month <br />Number of <br />Units % of Total <br />Less than $500 131 7.8% <br />$500 to $999 1,031 61.7% <br />$1000 to $1,499 440 26.3% <br />$1,500 to $1,999 42 2.5% <br />$2,000 to $2,499 13 0.8% <br />$2,500 to $2,999 0 - <br />More than $3,000 13 0.8% <br />Total 1,670 100% <br />Median Rent $854 <br />Source: U.S. Census Bureau, 2015 <br /> <br /> <br />The table below illustrates the market value for single family homes, duplexes and triplexes within <br />Little Canada. Few homes are worth more than a $500,000 in Little Canada. The average market <br />value for a home was $197,900 in 2015. <br /> <br />Estimated Market Value of Owner-Occupied Housing Units, 2015 <br />Value Properties Percent <br />Less than $50,000 438 15.9% <br />$50,000 to $99,999 249 9.0% <br />$100,000 to $149,999 417 15.1% <br />$150,000 to $199,999 287 10.4% <br />$200,000 to $299,999 938 34.0% <br />$300,000 to $499,999 347 12.6% <br />$500,000 to $999,999 69 2.5% <br />$1,000,000 or more 10 0.4% <br />Total 2,755 100.0% <br />Median Value $197,900 <br />Source: U.S. Census Bureau, 2015 ACS <br /> <br />