Kenneth City FL: Why It’s Still Better To Rent Here
Kenneth City FL new settlers are better off renting an abode at this time as opposed to buying a house. Experts say that home appreciation in Kenneth City, Florida is on a downhill trend. This means that the value of a Kenneth City home property would not make for a good investment at this time. The past twelve months have shown residential property values plummet by as much as 10% in the city.
The prevailing situation has made it harder to find a vacant apartment. Kenneth City FL is a 0.7-square-mile town situated between St. Petersburg and Pinellas Park. While it is close to the waters, the whole area comprising Kenneth City is made up of land.
That is about 180 hectares of space where over 5,000 people live, most of whom are Caucasians. Less than 6% are Hispanics. Roughly 40% of Kenneth City households are non-families. At the same time, 34% of the city’s households are single. From a purely statistical vantage point, there exists a high likelihood for the Kenneth City population to open its doors to renters.
Unfortunately, as home appreciation continues to decline in Kenneth City FL, the opposite scenario is happening. It appears that nobody likes to buy a house. The next six months will be a wait-and-see period for any reversals. Hence, getting a short-term lease will be the safe option.
Presently, there are approximately 30 houses up for sale in Kenneth City. The majority of rental properties are fully occupied. To illustrate, Briar Hill Apartments only has one vacancy: a single-bedroom property for $745. There is a house for rent in Kenneth City’s 50th Avenue North area for $1,500.
A Kenneth City renter’s best bet is to make a little sacrifice by looking for properties for rent in nearby neighborhoods such as St. Petersburg and Clearwater. However, even these accommodation’s are hard to find in addition to their hefty rental price.
For a prospective renter who is single in Kenneth City FL, there’s a little reprieve. It may be easier to find a bed space or settle for roommates. Renting basics still apply whether in Kenneth City or anywhere else. For example, a thorough inspection of the place must be conducted, in case there is a water fixture that is not working.
Nobody wants to find out on the first day of moving in, that the shower doesn’t work. Also, roommate behavior and compatibility are essential no matter how short the lease. This would spare renters the inconvenience of having to move out within say, a week or two.
Kenneth City has a growing economy, generally mild winters, and an attractive downtown core. At the same time, the crime rate in Kenneth City FL is up, summers can be rather scorching, and finding a place to rent remains challenging.