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Designers and trend experts have shared with us their favored bedroom trends for 2024, from popular color palettes to furniture styles, lighting and more.
An important room in the home where you start and end each day, your bedroom should be a restful sanctuary of calm and comfort, as well as a joyful showcase of your style.
bedroom ideas, the classics will often remain, such as crisp, quality bedding, good accent lighting and practical clothes storage, but there will always be an array of wonderful new interior design trends to explore that can provide you with some beautiful inspiration for your sleep space.
These are the bedroom design trends to know about for 2024
Whether you’re looking to giving your existing bedroom a much needed refresh, or are starting from scratch in a new space, our round-up of the latest bedroom trends can help you craft the perfect scheme.
1. Embrace a cozy and cocooning color palette
Camilla Clarke, creative director at Albion Nord says, ‘going into 2024, your bedroom should be the ultimate sanctuary space. Fully embrace cozy and calming colors, particularly soft blues, and deep olive greens. Pairing these shades with warm lighting will help to create feelings of restfulness and serenity.’
Calming colors do not always have to be light and bright for bedroom color ideas, sometimes these lighter colors can make a space feel a little cold. Dark, moody and earthy palettes can work just as well in creating a warming, comforting and cocooning space that helps us feel more relaxed and snug.
This chocolate brown bedroom creates a wonderfully inviting, cozy feel, with the beautiful ochre headboard, ceiling wallpaper ideas and flowing curtains creating an elegant, uplifting contrast in the space.
Elicyon says, ‘In 2024, I believe we are going to see an integration of vintage and contemporary design aesthetics to create one cohesive scheme throughout a room or home’.
From paint trends embracing a more heritage feel, to the surging popularity of upcycling second-hand finds and decorating with vintage and antiques, styling your bedroom with a mix of the old and new will create a more eclectic and unique scheme that celebrates styles of the past with designs of the present.
British Interior Designer, Matthew Williamson also supports this and says, ‘as we venture into 2024, I imagine we will see a resurgence of antique sourcing, reclaiming, restoring and upcycling. My favorite interiors to work on are those which don’t necessarily start from scratch or have a huge budget but those which have been designed with all these aspects in play. Considering what you have already and seeing it reworked in a different way can be so rewarding, more personal, and just as effective.’
From a statement antique dresser, to more traditional patterns used across upholstery and wallpaper ideas combined with vibrant, modern paint ideas, exploring more than one style or design influence will make for a more diverse and characterful bedroom space.
accent color, to enhancing a space with eye-catching print and pattern, layering different styles and sizes of cushion will continue to be an enduring bedroom trend throughout 2024.
Brad Ramsey, principal and founder of Brad Ramsey Interiors says, ‘In 2024, expect to see layered collections of mismatched pillows used to style beds. As well as larger anchor pillows, smaller designs that feature beautiful patterns are also on trend for 2024 bedroom trends.’
Elisa Pillow Cover
Bali Pillow Cover
Jennings Pillow Cover
The Citizenry share with us, ‘according to our data, our top trending materials of 2022 were all natural. High-quality sustainable woods including hinoki cypress from Japan and granadillo or mahogany from Guatemala. Textured, natural materials also had peaked interest including hand-braided palm baskets and rattan and wicker furniture. We see these materials continuing to uptrend into 2023 with an addition of bold marble and unique statement stone that nods to traditional European influences.’
From the timeless use of wood, to locally handmade textiles and pre-loved furniture, there are many steps we can take in our homes to create spaces that are long-lasting and environment-friendly.
5. Statement wallpapers are here to stay
Bedroom wallpaper ideas are a popular choice for many; enriching a space with beautiful color, pattern and eye-catching visual interest, and it seems for 2024, the bigger and bolder, the better.
‘We’re going to see wonderfully whimsical and immersive wallpapers transform rooms into escapist sanctuaries filled with mountains, temples, clouds and dense foliage,’ says Ed O’Donnell, co-founder of Angel O’Donnell.
We are also starting to see the rise of more unique, textured wallpapers in the home, establishing a heightened, tactile effect, ideal for creating an enhanced feeling of comfort and texture in a bedroom.
O’Donnell goes on to say, ‘densely patterned wallpapers and fabrics, nubbly wools, brushed fringes – textures will abound in 2024. Anything that beckons us to reach out and touch it, that feels good against our skin, will be top of our list.’
main bedroom in 2024 then blue – in all its variations – could be the solution.
In our round-up of the 2024’s Colors of the Year from some of our favorite paint brands, beautiful blue shades dominated the selection for upcoming paint trends, so expect to see a big rise in blue bedroom ideas across the home in 2024.
7. Layer your bedroom to perfection
Bedroom trends in 2024 are all about layering – whether that’s tonal variations of color on different surfaces, a mix of patterns that playfully explore a particular palette or a dynamic blend of textures. Two or three variations of each is enough to develop a richly pleasing space that is the last thing you see at night and the first thing the next day.
8. Supersize your headboard
Grand, super-sized headboard ideas have been a thing for a while now but the style is evolving for 2024. Colorful matt patterns have replaced glossy monotonal textures and shapes have become more complex. The rectangle has been superseded by curves and free-form asymmetrical pieces that are almost pieces of art in their own right. Find an upholsterer with headboard experience and discuss your ideas for shapes, sizes and fabrics before you make the order.
‘With the rise of the boutique hotel and its trending look in residential design, the headboard has become a brilliant focal point in bedroom decor. Look to the Firmdale Hotels for inspiration on using brave color and pattern, and have fun coordinating your headboard with a wallpaper or throw. Don’t be afraid to choose a more outlandish style, as this only adds more character,’ says designer, Martin Waller from Andrew Martin.
decorating with art will always win in helping to make a room feel fully finished and more personal. A favorite artwork can be a classic starting point for a bedroom scheme. Make this your color cue – experiment with the colors used, select two or three, then take it from there.
As well as beautiful artworks, accessories such as houseplants, decorative ornaments, books and magazines can work wonderfully to bring a sense of personality to a bedroom.
10. Have confidence when it comes to color
Getting the color right in a bedroom can be a tricky business. Even with all their experience, it can take time for professionals to make a decision. There is a lot to consider – the size and shape of the space, the available natural light and its direction, who it is for, etc.
However, many of us are becoming more confident with color trends in our spaces, moving away from simple, neutral palettes in favor of shades with more depth and personality. For 2024 bedroom trends, embrace shades that bring you joy and work in effortless harmony with your personal style.
Emma Deterding, founder and creative director of Kelling Designs says, ‘where previously muted, neutral bedrooms have been popular, we are now seeing a huge move away from minimalist bedroom schemes, with clients being more daring with design choices. From statement wallpaper and creative wall finishes, such as polished plaster, through to bold and colorful fabrics and bed linen, clients want to inject personality into their homes, and this is no different in the bedroom.’
11. Put bedroom lighting at the forefront
For bedroom lighting ideas, different levels and types of lighting are key to switching the mood from practical – getting ready for work, say – to soothing and relaxing – when reading before going to sleep, for example.
Lighting is also something that needs to be considered when choosing colors – the right lighting can transform a room from cold to warm in an instant.
Sarah Barker from Vanrenen GW Designs thinks about functionality as well as aesthetics when selecting the right lighting for a bedroom. ‘Lighting needs to be low and atmospheric but it is important to be able to read. I am not so keen on overhead lights in bedrooms so we often use small wall lights next to the bed for additional attractive light.’
When exploring bedroom lighting trends for this year, remember, a mix of layered lighting will always create a successful lighting scheme.
12. Bring the outside in
The natural world will always be a timeless influence on interior design, with green bedroom ideas remaining one of the most popular choices for homes of all ages and styles.
For a beautiful, indoor-outdoor natural bedroom scheme, complement shades of green with warming wood tones, and other natural materials such as wool and stone, or bring in beautiful floral and botanical motifs – and plenty of houseplants and flowers.
Interior designer, Peak Petersen, design principal at Hoedemaker Pfeiffer supports this and says, ‘earth tones will reign supreme in 2024, especially for bedroom trends. Soft greens, such as Farrow & Ball – Card Room Green, are perfect for a bedroom.’
Farrow & Ball, Joa Studholme says, ‘we have moved towards the warmer tones of nature, like deep reddish browns and terracotta, which are strong and subdued but achingly fashionable. Incredibly chic by day and cozy by night, they bring a grounded but luxurious atmosphere in a bedroom that is thought-provoking as well as soothing, particularly when paired with other hues found in the natural world.
‘We crave warm tones that will enrich our homes and create cozy sanctuaries away from the outside world. Luxurious colors like red can be added to the most neutral of palettes by using them in the rooms we use at the end of the day, when we most want to relax and be comforted.’
Natasha Bradley, Lick Home’s director of interior design and color psychologist also says, ‘we have seen a huge trend in colors that make your bedroom a calm and comforting space that you can come to after the working day. As more people look to finding a balance between work and home life. These restful colors include both blue and green, and will work with a larger palette of colors influenced by the beauty of the natural world.’
Recipes for Decorating and How to Decorate, it’s no surprise that Joa Studholme knows Farrow & Ball’s palette and finishes inside and out. Joa has been with the brand or over 25 years – in that time, she’s developed color ranges and consulted on design projects all over the world, as well as helping countless color consultancy customers to transform their homes.
luxury bedding for our homes.
We spend so much time in our beds – nearly half of are lives – so it is crucial to invest in the right bedding, ensuring that your body is supported and comfortable and you feel fully relaxed and cozy.
‘There’s definitely a move towards relaxed bedding and comfy sheets,’ says Gemma Gordon Duff from Gordon Duff & Linton. ‘Linen, organic bedding and chunky wool throws are hugely popular right now and add to that feeling of sanctuary.’
Is gray still in style for bedrooms in 2024?
Gray bedroom ideas are still incredibly popular, but as we spend more and more time in our home, we have started experimenting with warmer neutrals, especially in the bedroom.
According to designer Tiffany Duggan, gray has very much been and gone, ‘we love color and a fully gray palette has never really been our thing. We do love neutrals too but err towards warmer colors such as soft buttery whites, bones and plaster hued nudes. I think gray based greens and blues are lovely and a perfect foil to brighter more impactful patterns and colors but the cool, commercial grays of the last decade do seem to be fading in popularity.’
On the other hand, ‘decorating with gray will always be in style because there are so many easy gray tones to work with,’ says Natasha Bradley from Lick. ‘They allow you a base shade that you can then bring other shades such as greens and blues in too.
Choosing the right grays for your home is really important as you can end up falling into a trap where the gray hue you have chosen ends up making your home feel dull and lifeless. When in reality the right shade of gray can make a space feel warm and sophisticated. Choosing a gray hue with a warm undertone of soft green can bring character and color into your home.’
We explore, is gray still on trend, in a separate piece.
If you’ve been inspired by these bedroom trends but want to ensure that you incorporate them in the right way to create a truly enduring design, we explore how to create a timeless bedroom in our dedicated feature.
Source: homesandgardens.com
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While bonds are starting the domestic session in slightly stronger territory and holding sideways so far, the broader trend is still toward higher yields. That’s been the case for about a month but the pace of weakness during that time has been far from threatening. If anything, we’re dealing with a garden variety correction to the sharp rally seen in Nov/Dec, but one that has drawn some confidence of economic data that has been less than bond-friendly for the most part. After all, “data dependent” is the phrase of the hour and there’s no reason to discount it yet. With that in mind, this week is mostly about waiting for the only semblance of relevant data on tap, which will be Thursday and Friday morning (Claims, PCE, and to a smaller extent, GDP).
In the bigger picture, we would need to see a break above 4.31% before this correction would be more concerning, and a move back above 5.0% before abandoning all hope. On the happier side of future unknowns, it would take a break of 3.33 to declare victory over the hyperinflation scare. Point being, with big victory at 3.33 and big defeat at 5.00, the current 10yr yield of 4.10 is about as far away as it can be from committing to a decision. Data can’t come quick enough.
Source: mortgagenewsdaily.com
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Renting in Nashville? Discover the 11 most affordable Nashville suburbs to rent in 2024.
Nashville has undeniable allure as a hub for music, culture and vibrant nightlife. But living in the city may come with a hefty price tag. And you may be wondering how much rent costs in Nashville. On average, the monthly rent is $1,719 for a studio, $1,904 for a one-bedroom unit and $2,456 for a two-bedroom unit. If you’re looking to rent in the Nashville area, these prices may not fit into your budget.
In this article, we’re here to show you 11 of the most affordable Nashville suburbs to consider renting in this year. These charming suburbs offer a harmonious blend of tranquility and affordability while remaining close enough to explore Nashville’s lively city center.
#1: Dickson
Average rent for a one-bedroom: $860
Average rent for a two-bedroom: $1,000
Distance from Nashville: 42 miles
Apartments for rent in Dickson
Claiming the first place on our list of affordable Nashville suburbs is Dickson. About 42 miles west of Nashville, it’s a little farther from the city center. However, the rent is significantly less expensive, and you can save around $900 on a one-bedroom unit in Dickson. If you’re checking out Dickson, explore the downtown area, where you’ll find shops, restaurants, and museums like the Clement Railroad Hotel Museum.
#2: Goodlettsville
Average rent for a one-bedroom: $1,224
Average rent for a two-bedroom: $1,544
Distance from Nashville: 15 miles
Apartments for rent in Goodlettsville
Just 15 miles north of Nashville is our second suburb, Goodlettsville. The area is home to about 17,300 residents, and the average rents are much less than in Nashville. For example, a one-bedroom unit in Goodlettsville costs $1,224 compared to $1,904 in Nashville. In Goodlettsville, you can find the scenic Moss-Wright Park, which offers spots for picnicking and hiking trails. You can also explore the nearby Antique District, where you can browse unique shops and discover vintage treasures, making it a charming spot for antique enthusiasts and shoppers.
#3: Spring Hill
Average rent for a one-bedroom: $1,290
Average rent for a two-bedroom: $1,524
Distance from Nashville: 33 miles
Apartments for rent in Spring Hill
For those on the hunt for budget-friendly suburban living near Nashville, Spring Hill is 33 miles to the south. The rental prices are great as the average rent for a one-bedroom unit is $1,290, compared to Nashville’s $1,904 rent. There is plenty of history in Spring Hill to explore. For example, you can tour Rippa Villa, a historic site offering tours of a Greek Revival mansion and beautiful gardens that provide a glimpse into the area’s rich history. For something outdoors, make sure to visit Harvey Park, where you can enjoy outdoor activities, including picnicking, walking trails and a playground. All these features and more make Spring Hill a stand-out among affordable Nashville suburbs.
#4: Lebanon
Average rent for a studio: $1,000
Average rent for a one-bedroom: $1,364
Average rent for a two-bedroom: $1,547
Distance from Nashville: 32 miles
Apartments for rent in Lebanon
Lebanon, though a little farther from Nashville at about 32 miles to the east, offers an affordable option for renters. The added commute time may be justified, as the average rent for a one-bedroom costs about $540 less than in Nashville. In Lebanon, you can explore the picturesque Cedars of Lebanon State Park, providing hiking trails, picnicking and opportunities for birdwatching amid the scenic woodlands. The city also hosts the annual Wilson County Fair, one of the state’s largest county fairs, featuring rides, live entertainment, agricultural exhibits and a wide range of activities.
#5: Smyrna
Average rent for a one-bedroom: $1,387
Average rent for a two-bedroom: $1,497
Distance from Nashville: 23 miles
Apartments for rent in Smyrna
About 23 miles southeast of Nashville, you’ll find the suburb of Smyrna, another great area to add to your list. Smyrna has about 55,500 residents — a great alternative to Nashville’s bustling atmosphere. Smyrna is home to the serene Sharp Springs Park, which offers walking trails, fishing and a beautiful lake for outdoor recreation and relaxation. You can also find the Sam Davis Home and Museum, where you can learn about the history of the area and the life of Civil War soldier Sam Davis.
#6: Gallatin
Average rent for a studio: $825
Average rent for a one-bedroom: $1,394
Average rent for a two-bedroom: $1,704
Distance from Nashville: 30 miles
Apartments for rent in Gallatin
Gallatin is the sixth spot on our list and is a well-known affordable Nashville suburb. The area has about 46,900 residents, making it feel more like a small town. Gallatin is known for Bledsoe Creek State Park, which offers boating, fishing, and hiking opportunities amidst the stunning natural surroundings of Old Hickory Lake. The town is also home to the Sumner County Museum, showcasing the history and culture of the region through a collection of artifacts and exhibits.
#7: Murfreesboro
Average rent for a studio: $1,459
Average rent for a one-bedroom: $1,404
Average rent for a two-bedroom: $1,628
Distance from from Nashville: 35 miles
Apartments for rent in Murfreesboro
Seventh on our list of renter-friendly Nashville suburbs is Murfreesboro. It’s about 35 miles southeast of downtown Nashville, but the rent prices are much less. Murfreesboro is known for its Civil War History, so you’ll find plenty of historic sites like Stones River National Battlefield and Oaklands Mansion. You can also find a variety of museums in town, like the Discovery Center at Murfree Spring, Cannonsburgh Village and the Middle Tennessee Museum of Natural History. All these attractions at a great value make Murfreesboro an intuitive pick for affordable Nashville suburbs, no matter who you ask.
#8: Columbia
Average rent for a one-bedroom: $1,444
Average rent for a two-bedroom: $1,491
Distance from Nashville: 45 miles
Apartments for rent in Columbia
If you’re a Nashville local, you’re probably familiar with Columbia. The rents in Columbia average $1,444 for a one-bedroom unit and $1,491 for a two-bedroom unit, so you’re still saving compared to Nashville. Columbia also has plenty of activities for its residents to enjoy. You can see a glimpse into history at the James K. Polk Home and Museum, where you can tour the 11th U.S. President’s ancestral home and learn about his life and legacy. For some time spent outside, check out Maury County Park, which has walking trails, a dog park and various sports facilities.
#9: Mount Juliet
Average rent for a studio: $1,689
Average rent for a one-bedroom: $1,581
Average rent for a two-bedroom: $1,939
Distance from Nashville: 20 miles
Apartments for rent in Mount Juliet
The Mount Juliet area is home to about 40,800 people and is about 20 miles east of downtown Nashville. Mount Juliet has countless outdoor activities to explore on any given day. You can visit Charlie Daniels Park, with playgrounds, walking trails and sports facilities. The area is also home to Cedar Creek Campground along the Cumberland River.
#10: Franklin
Average rent for a studio: $2,055
Average rent for a one-bedroom: $1,824
Average rent for a two-bedroom: $2,188
Distance from Nashville: 22 miles
Apartments for rent in Franklin
Franklin secures the 10th position on our list of affordable Nashville suburbs to consider for renting an apartment this year. This suburb has a population of 85,500 and is roughly 22 miles south of Nashville. You can tour the historic Carnton House and learn the Civil War history in Franklin. The town’s downtown district is known for its charming shops, restaurants and live music venues, providing a delightful blend of culture, cuisine and entertainment. You’ll have plenty of activities to explore while living in this charming, upscale town.
#11. Hendersonville
Average rent for a one-bedroom: $1,878
Average rent for a two-bedroom: $1,429
Distance from Nashville: 18 miles
Apartments for rent in Hendersonville
Hendersonville is the 11th and final affordable Nashville suburb on our list. You’ll find Hendersonville, situated about 18 miles northeast of downtown. Commute times can vary depending on traffic, but you’ll still save on rent costs. Hendersonville offers access to the Cumberland River, where you can enjoy boating, fishing and picnicking in a beautiful natural setting.
You can also find Rockland Recreation Area, an awesome area for outdoor activities, like hiking and relaxing by the lake, making it a great destination for outdoor enthusiasts. For those looking to see a slice of history, be sure to stop by Historic Rock Castle, a 1700s pioneer home.
If you’re looking to take the leap from renter to buyer, make sure to also check out the most affordable Nashville suburbs to buy a home.
Methodology
When finding the most affordable Nashville suburbs, affordability was based on whether a suburb’s one and two-bedroom rent was less than Nashville and under 45 miles from downtown Nashville. Average rental data from Nashville rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
Source: rent.com
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Full of historic buildings and Victorian and Craftsman homes, Nob Hill exudes an air of classic Portland style and sophistication. But it’s also one of the Rose City’s trendiest spots for shopping and dining, especially along NW 23rd — or Trendy-Third — Avenue. From the latest must-try restaurants to charming local boutiques, there’s always something to see and do. And if you live in the area, home is just a quick walk or bus ride away along quiet, tree-lined streets. If you want to set down roots in one of Portland’s eternally-iconic neighborhoods, Nob Hill is the spot.
Where is Nob Hill located in Portland?
Nob Hill is in Northwest Portland, with the West Hills to the west and the Pearl to the east. For those unfamiliar with Portland’s topography, Northwest Portland is on the west bank of the Willamette River. Also known as the Alphabet District, Nob Hill is generally defined as stretching north-south from West Burnside St. to NW Thurman, and east-west from NW 20th to 23rd Avenues.
The area ZIP code is 97210, which also encompasses the overall Northwest neighborhood and the base of the West Hills.
Source: Rent.
Sure, the area is highly walkable, but what about public transit? How expensive is it since many of the buildings are so historic? There are lots of factors to consider when choosing a new neighborhood. Here are some stats about Nob Hill:
- Studio average rent: $1,680
- One-bedroom average rent: $2,165
- Two-bedroom average rent: $3,062
- Walk score: 95.86
- Bike score: 91.04
- Transit score: 81.90
Living in Nob Hill
Choosing Nob Hill as your home means you get big-city fun in a communal, neighborly package. You can easily walk or bike to some of Portland’s best shopping, dining and cultural offerings. But you also feel well-connected to your community. It’s the best of both worlds!
Walking and biking
As you can see above, Nob Hill boasts of incredibly high walking and cycling scores. As an extremely pedestrian and cyclist-friendly city, Portland drivers are very aware of their surroundings.
Local laws are also very geared toward pedestrian and cyclist safety and right of way. So you can feel safe and secure walking and biking around your own neighborhood.
Photo source: Oregon Trail Recovery Project
Public transportation
Although Nob Hill is easily walkable and many residents choose to walk or bike around, there is still great mass transit available.
TriMet bus Line 15 offers a straight shot down NW 23rd. Another convenient transit option is the Portland Streetcar, whose North/South Loop connects the north end of Nob Hill to Downtown.
Walking or using mass transit are also the main ways of getting around as finding parking is difficult. I-405 is also just a few blocks off Nob Hill, connecting to I-5 toward Seattle or heading south into central Oregon.
Education
Many young people choose Nob Hill for the happening lifestyle. But the peaceful neighborhoods and large Craftsman-style homes are great for families, and there are some highly-rated schools in the area. Chapman Elementary School and the Metropolitan Learning Center are well-regarded, as well as Lincoln High School.
Safety
Overall, Nob Hill is a very safe neighborhood.
Both local forums and third-party reviewers rank it as a safe place, with violent crimes like assault ranking incredibly low or nonexistent. There are some issues with theft and burglary, which is an issue many parts of Portland have been grappling with. But overall, residents report feeling safe and secure.
Recreation
Nob Hill is a fantastic area if you enjoy spending time outdoors. There are several clean and lush city parks nearby like Wallace Park, where you can exercise, walk your dog or relax. And Forest Park, which has tons of trails, is easily accessible via Lower Macleay Park.
Source: Rent. / The Celine
Dining
Nob Hill is one of Portland’s best districts for dining, and foodies here have a field day.
From breakfast to nightcaps, there’s always an occasion for dining out. Start off the day at Pine State Biscuits for their breakfast biscuit sammies, and get coffee from Barista or Good Coffee.
For lunch and dinner, you have your pick of anything from sushi to seasonal Pacific Northwest fare. And drinks-wise, there are awesome spots like Bar Diane, a chic wine bar, and Southland Whiskey Kitchen.
10 things to do in Nob Hill
Homebodies, beware: you’ll never want a stay indoors life when you live in Nob Hill. Whether popping out for a coffee, bar-hopping or browsing local shops, there’s always something fun to do.
- Dive into Portland’s famous weird vibes at the Freakybuttrue Peculiarium and Museum with its collection of the bizarre and strange.
- Enjoy al fresco dining Portland-style at the Nob Hill Food Carts, with its diverse offerings from ramen to burgers.
- Dine at top-notch restaurants and eateries like Bamboo Sushi, Grassa and Salt & Straw.
- Say goodbye to store-bought bread; get all your loaves from the iconic Ken’s Artisan Bakery.
- Go for a hike in nearby Forest Park, which has over 70 miles of trails, to enjoy some time in nature.
- Shop locally-made goods and handicrafts at shops like Tender Loving Empire, and find your fave national retail brands like LUSH and Williams-Sonoma.
- Take in a movie at Cinema 21, a neighborhood treasure that showcases classic, indie and arthouse films.
- Go for a stroll around the neighborhood to admire the many historic buildings and houses.
- Break out for your best karaoke song at VoiceBox, which boasts of private karaoke booths and now offers virtual karaoke during the pandemic.
- Move over, craft beer; Portland’s distilling scene is booming, as you’ll discover visiting and tasting at NW distilleries like Bull Run and Aria Portland Dry Gin.
Finding an apartment in Nob Hill
Ready to live that hip Northwest Portland lifestyle? Check out what apartments are available in Nob Hill! Even if Nob Hill itself isn’t your top choice, then check out the other apartments for rent and homes for sale in Portland.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory of one-bedroom apartments in March 2021 and go back for one year. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Source: rent.com
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Discover the budget side of the Mile High City.
Denver’s blend of outdoor adventures, thriving cultural scene, and major sports teams has drawn people from all over, making the Mile High City a great place to call home. If you’re new to the area, you may wonder how much rent costs in Denver. On average, the monthly rent is $1,801 for a studio, $2,043 for a one-bedroom unit and $2,741 for a two-bedroom unit.
If you’re on the hunt for a more affordable place to call home while still enjoying all that Denver has to offer, you’ve come to the right place. In this article, we’ll show you 11 affordable Denver suburbs you may want to consider renting this year. These suburbs provide a balance between affordability and access to the outdoor beauty and urban amenities Denver is known for.
Average rent for a studio: $1,055
Average rent for a one-bedroom: $1,361
Average rent for a two-bedroom: $1,628
Distance from Denver: 10 miles
Apartments for rent in Arvada
Claiming the first place on our list of affordable Denver suburbs is Arvada. Compared to Denver, you’ll save about $700 monthly on rent for a one-bedroom apartment in Arvada. It’s only about 10 miles northwest of Denver, so you’re not too far from the city center. Arvada offers a blend of outdoor and cultural attractions for its residents. You can explore the beautiful Apex Park for hiking and mountain biking or visit the historic Olde Town Arvada, filled with charming shops, restaurants and a vibrant arts scene that showcases the town’s rich history.
Average rent for a studio: $1,650
Average rent for a one-bedroom: $1,542
Average rent for a two-bedroom: $1,953
Distance from Denver: 10 miles
Apartments for rent in Aurora
Just 10 miles east of Denver is our second suburb, Aurora. The area is home to about 389,400 residents, and the average rents are much less than in Denver. For example, a one-bedroom unit in Aurora costs $1,542, compared to $2,043 in Denver.
There are plenty of outdoor activities in Aurora, like hiking and watching the wildlife in Cherry Creek State Park. You can also explore the Aurora Reservoir, which has fishing, paddleboarding and picnicking opportunities, making it a great destination for those seeking adventure and relaxation.
Average rent for a studio: $1,465
Average rent for a one-bedroom: $1,574
Average rent for a two-bedroom: $2,027
Distance from Denver: 10 miles
Apartments for rent in Thornton
For those on the hunt for budget-friendly suburban living near Denver, Thornton is just 10 miles to the north. The average rent for a one-bedroom unit is $1,574, compared to Denver’s $2,043 rent, meaning you’ll have considerable savings. Thornton has a range of outdoor activities, such as Trail Winds Park, which offers opportunities for sports, fitness and community gatherings. You can also visit Carpenter Park Fields for picnicking, playing and enjoying the scenic lakeside surroundings, making it an ideal spot for outdoor recreation.
Average rent for a studio: $1,399
Average rent for a one-bedroom: $1,623
Average rent for a two-bedroom: $1,957
Distance from Denver: 12 miles
Apartments for rent in Northglenn
Northglenn, which is around 12 miles to the north, is our fourth most affordable suburb. With the average rent for a one-bedroom costing about $400 less than in Denver, Northglenn may be the suburb for you. Northglenn offers numerous outdoor recreational opportunities, including the scenic E.B. Rains Jr. Memorial Park, with its playgrounds, walking trails and a skate park.
Average rent for a studio: $1,300
Average rent for a one-bedroom: $1,650
Average rent for a two-bedroom: $1,984
Distance from Denver: 8 miles
Apartments for rent in Lakewood
About 8 miles southwest of Denver, you’ll find the suburb of Lakewood, another great area to add to your list. Home to 156,000 residents, Lakewood can be a great option for renters looking for a less busy city — and affordable rental prices. Lakewood is home to the stunning Bear Creek Greenbelt, where you can enjoy hiking, boating and water sports, all set against picturesque lakes and foothills. The city is also home to Heritage Lakewood Belmar Park, which hosts performances, art exhibitions and cultural events.
Average rent for a studio: $910
Average rent for a one-bedroom: $1,752
Average rent for a two-bedroom: $2,250
Distance from Denver: 7 miles
Apartments for rent in Commerce City
Ranked sixth on our list, Commerce City is a widely recognized Denver suburb. This community has close to 64,300 residents, making it feel more like a small town. Like many of the other affordable Denver suburbs, Commerce City is full of outdoor activities. For example, you can explore Barr Lake State Park, a birdwatcher’s paradise with hiking trails, a nature center and opportunities for wildlife viewing in a tranquil lake setting. The city is also home to Dick’s Sporting Goods Park, a major sports venue hosting soccer games, concerts and other events throughout the year.
Average rent for a one-bedroom: $1,779
Average rent for a two-bedroom: $2,204
Distance from from Denver: 16 miles
Apartments for rent in Broomfield
Coming in seventh place on our list of renter-friendly Denver suburbs is Broomfield. It’s only about 16 miles northwest of downtown, making it an excellent option for those commuting. The city is home to Bay Aquatic Park, a family-friendly waterpark perfect for all ages. You can also explore one of the many green spaces like Broomfield Commons Open Space or The Field Open Space.
Average rent for a studio: $1,800
Average rent for a one-bedroom: $1,787
Average rent for a two-bedroom: $2,412
Distance from Denver: 7 miles
Apartments for rent in Englewood
If you reside in Denver, Englewood is a name you’re likely familiar with. The rents in Englewood average $1,787 for a one-bedroom unit and $2,412 for a two-bedroom unit, so you’re still saving on costs compared to Denver. Englewood has plenty of parks to explore, like Centennial Park, which has a playground and scenic picnic areas along the South Platte River. The city is also home to the Gothic Theatre, a historic music venue hosting concerts and events.
Average rent for a studio: $1,750
Average rent for a one-bedroom: $1,866
Average rent for a two-bedroom: $1,900
Distance from Denver: 7 miles
Apartments for rent in Wheat Ridge
Wheat Ridge is a beautiful suburb if you’re a renter looking to remain very close to Denver. This area is just about 7 miles west of downtown Denver, meaning you’re never far from a day spent in Denver. Even better, there are plenty of things to do in Wheat Ridge. For example, you can explore Crown Hill Park, a natural oasis with hiking trails, birdwatching and areas for fishing and picnicking.
Average rent for a studio: $1,300
Average rent for a one-bedroom: $1,939
Average rent for a two-bedroom: $2,500
Distance from Denver: 10 miles
Apartments for rent in Littleton
Littleton secures the 10th position on our list of affordable Denver suburbs to consider renting an apartment this year. This suburb has a population of 45,200 and is roughly 10 miles south of Denver. In Littleton, you can explore the charming Historic Downtown Littleton, with its boutique shops, restaurants and vibrant arts scene. The city is also close to the stunning Chatfield State Park, where visitors can enjoy boating, hiking and picnicking against the backdrop of the picturesque Chatfield Reservoir.
Average rent for a studio: $1,608
Average rent for a one-bedroom: $1,949
Average rent for a two-bedroom: $2,523
Distance from Denver: 9 miles
Apartments for rent in Westminster
Westminster is the final suburb on our list. You’ll find Westminster, situated about 9 miles north of Denver. Commute times can vary depending on traffic, but you’ll still save on rent costs. In Westminster, you’ll find plenty of unique and one-of-a-kind attractions.
The area is home to the Butterfly Pavilion, where visitors can interact with live butterflies and other invertebrates. You can also visit Standley Lake Regional Park to hike, boat and watch the wildlife in a beautiful natural setting. If you’re looking to take the leap from renter to buyer, make sure to also check out the most affordable Denver suburbs to buy a home.
Mile High City’s hidden gems
Denver offers a diverse range of neighborhoods, each with its own unique charm and affordability. Exploring the city’s less-expensive areas can unveil hidden gems where residents can enjoy a more budget-friendly cost of living. Denver provides opportunities for individuals seeking affordability without compromising on quality of life whether it’s in Northglenn or Aurora.
As the Mile High City continues to grow, these cost-effective neighborhoods and home prices stand out as appealing options for those looking to make the most of their living expenses in this vibrant and dynamic city. If you’re looking to make your move to Denver, explore available apartments to find the perfect Colorado rental for you.
Methodology
Affordability is based on whether a suburb’s one and two-bedroom rent was less than Denver and under 16 miles from downtown Denver. Average rental data from Denver rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
Source: rent.com
Apache is functioning normally
From the New York City region to Greater Philadelphia, the gorgeous Skylands to the Pine Barrens to the real Jersey Shore, it’s a vast, diverse and growing state. But where are the best places to live in New Jersey? Thankfully, they are all over the state.
Many of these livable towns are understandably clustered in the flourishing, gentrifying North Jersey cities that act as Manhattan bedroom communities. But from the shore to the Ivy League, there are many amazing places to call home all over the Garden State.
- Population: 71,245
- Average age: N/A
- Median household income: $105,022
- Average commute time: 28.1 minutes
- Walk score: 48
- Studio average rent: $1,423
- One-bedroom average rent: $1,678
- Two-bedroom average rent: $2,127
Just five miles from the Benjamin Franklin Bridge into Philadelphia is the South Jersey township of Cherry Hill. It is a bedroom community for many workers in Philadelphia, as well as places like Trenton and Princeton.
With an average commute time of just under 28 minutes, it’s a convenient central location. Both New Jersey Transit and PATCO have rail station stops in Cherry Hill. Cherry Hill Station serves the Atlantic City Line and Woodcrest Station sits on the Lindenwold Line. For auto commuters, the New Jersey Turnpike and Interstate 295 also pass through the eastern section of the city.
But to many people in the area, the primary destination in the city is the 160-store Cherry Hill Mall. Dating back 60 years, the super-regional indoor shopping center was the first in the Eastern U.S. And Chick’s Deli has been a destination for cheesesteak and hoagie lovers from all over Philadelphia for decades.
Photo source: Rent. / 207 Freeway Dr E
- Population: 64,876
- Average age: 41.3
- Median household income: $48,072
- Average commute time: 42.7 minutes
- Walk score: 73
- Studio average rent: $1,334
- One-bedroom average rent: $1,513
- Two-bedroom average rent: $2,298
East Orange is the largest of New Jersey’s “The Oranges.” It sits on the western border of Newark, and its central location in northeastern Jersey makes it as convenient to Midtown Manhattan as it is to the rural highlands and even the Meadowlands. It’s also one of Jersey’s most affordable cities with one-bedrooms leasing for an average of $1,086 monthly and two-bedrooms for just $1,373.
The family-friendly commuter community offers five city parks, a number of playgrounds, the multipurpose Paul Robeson Stadium and the interactive Jersey Explorer Children’s Museum.
As part of one of the state’s Urban Enterprise Zones, residents pay sales taxes half that of the rest of Jersey. And the city is also home to East Orange General Hospital, as well as the East Orange Veterans Affairs Medical Center.
East Orange is one of the nation’s most established African-American communities. Nearly 90 percent of residents identify as Black, one of the highest rates in the nation. Within that demographic is a significant representation of those with Caribbean ancestry. In fact, Orange’s 2.9 percent population of Guyanese-Americans is the largest percentage in the country.
- Population: 129,361
- Average age: 38.6
- Median household income: $48,407
- Average commute time: 33.1 minutes
- Walk score: 77
- Studio average rent: $844
- One-bedroom average rent: $1,086
- Two-bedroom average rent: $1,373
Situated at the south end of Newark Bay just across from Bayonne is the city of Elizabeth. New Jersey’s fourth-largest city, Elizabeth is also one of America’s greenest. Based on its infrastructure including electricity, public transportation usage, recycling, certified buildings, public preserves, how residents view climate initiatives and more, it’s one of the top green cities in the nation.
With its relatively easy access to the Atlantic Ocean and channels to the Great Lakes, Elizabeth has long been one of the northeast’s shipping hubs. The Port Newark–Elizabeth Marine Terminal is one of the busiest ports in the entire world. And just to its north, Newark International Airport (the 12th busiest in the nation) actually lies half within Elizabeth. And right in the middle is The Mills at Jersey Gardens, the New York City area’s largest outlet mall.
But what sets Elizabeth out from the crowd is its affordable rents. With an average studio renting for $844 a month, a one-bedroom for $1,086 and a two for $1,373, you would be hard-pressed to find cheaper rent prices anywhere else in the tri-state region.
Photo source: Rent. / 210 Main Street
- Population: 44,719
- Average age: 43.3
- Median household income: $70,090
- Average commute time: 39.7 minutes
- Walk score: 72
- Studio average rent: $1,726
- One-bedroom average rent: $1,903
- Two-bedroom average rent: $2,365
A quarter-century ago, Richard Pryor’s “Brewster’s Millions” painted Hackensack as, well, kind of a sad sack city. Even Billy Joel asked, “Who needs a house out in Hackensack?” But both entertainers would be pleasantly surprised to find Hackensack the diverse, exciting, in-demand city it is today.
Just a half-hour northwest of Times Square, Hackensack is a vibrant suburb and a gateway to the natural lands of northwest Jersey.
It’s a walkable urban setting filled with parks and recreation and home to Hackensack University Medical Center and half the campus of Fairleigh Dickinson University. Its quaint downtown along Main Street is just a block from the river. And tucked away in its extreme northeastern corner are The Shops at Riverside, an upscale shopping center along the river at Hackensack River County Park.
One of Hackensack’s strengths is its diversity. Almost 40 percent of its residents are immigrants, and nearly half speak a language other than English at home. Upwards of 47 percent of Hackensackians are white, while nearly a quarter are Black and over a third are Hispanic.
- Population: 54,144
- Average age: 37.8
- Median household income: $147,620
- Average commute time: 48.8 minutes
- Walk score: 96
- Studio average rent: $2,675
- One-bedroom average rent: $3,252
- Two-bedroom average rent: $4,004
There are fewer rags to riches stories more robust in New Jersey than Hoboken. Just ask the Cake Boss. Once a smoggy, inaccessible industrial port city, today’s Hoboken is one of the most desirable and fashionable addresses in the Garden State.
Hoboken’s redeveloped riverfront sits directly across the Hudson from Chelsea and Greenwich Village. The city is rife with century-old brownstone apartments and houses, beloved by upscale residents and transplants from over the river in Manhattan. The homes are interspersed with gleaming apartment high-rises and reclaimed tenement towers with stellar views.
The city has quickly become home to young professionals, Wall Street commuters and artists and musicians. This has driven rent prices through the roof, to some of the highest in the state. An average studio runs $2,675 a month up to $5,741 for a three-bedroom.
With a walk score of 96, trendy cafes, retail shopping, gourmet restaurants, friendly parks and exciting nightlife are just out the front door for many in the city.
But while Hoboken has enough to occupy any lifestyle, many residents work and play across the river in New York. Hoboken Terminal is a major hub for New Jersey Transit, PATH and the MTA, and 56% of ‘Bokens use public transportation, the highest rate in America.
- Population: 265,871
- Average age: 39.4
- Median household income: $70,752
- Average commute time: 46.5 minutes
- Walk score: 89
- Studio average rent: $2,354
- One-bedroom average rent: $2,864
- Two-bedroom average rent: $3,980
Cradling Hoboken to its south and west is another Hudson River success story in Jersey City.
Covering most of the land on the upper Bergen Neck peninsula, Jersey City is home to Liberty State Park, the gateway to the Statue of Liberty and Ellis Island. It sits just across from New York City, facing Lower Manhattan and the Financial District, Battery Park and northwestern Brooklyn.
Jersey City’s downtown is along its waterfront. North of Liberty Park, downtown is a collection of bars and eateries, retail shopping, residential high rises and corporate towers. It’s also the heart of the Jersey City banking and finance industry. Exchange Place, also known as “Wall Street West,” is one of the nation’s largest finance hubs.
Outside of downtown, Jersey City has a number of shopping districts. Journal Square and Newport Mall are key retail cores, along with the Danforth, Central and West Side Avenue corridors.
Over 40 percent of Jersey City residents ride public transit, the second-highest percentage of any large city in the U.S. The city offers four PATH stations and 13 Hudson–Bergen Light Rail stations as well as a number of ferries into New York.
- Population: 18,795
- Average age: 42.1
- Median household income: $96,545
- Average commute time: 29.9 minutes
- Walk score: 71
- Studio average rent: $2,656
- One-bedroom average rent: $2,613
- Two-bedroom average rent: $3,333
If Morristown were good enough for George Washington, it’s surely good enough for you. The Morristown National Historical Park, spread throughout the borough, traces the history of where Washington and his troops encamped several times during the Revolutionary War.
Aside from its history and the tourists it attracts, Morristown is a residential exurban town close enough to Manhattan for a reasonable commute but far enough away to feel secluded from city life.
The city offers a minimal half-hour average commute time. It is convenient to nearly all of Central and North Jersey, and a workable 70-minute train ride to Manhattan. Morristown Station serves the New Jersey Transit Midtown Direct train into Penn Station.
With a median household income of around $100,000, it’s a pretty exclusive locale. One- and two-bedroom apartments in Morristown lease for $2,613 and $3,333 a month, respectively. But limited opportunity creates demand as the town has a population of under 19,000.
- Population: 282,352
- Average age: 38.6
- Median household income: $35,199
- Average commute time: 44.2 minutes
- Walk score: 78
- Studio average rent: $1,691
- One-bedroom average rent: $2,139
- Two-bedroom average rent: $2,694
For those that enjoy the bustle of city life over suburban isolation, Newark is the perfect locale.
With a population of over 282,000, Newark is the largest city in New Jersey. It’s also one of the nation’s most convenient. It’s home to Newark-Liberty Airport and two major commuter train stations. Newark Broad Street offers access to four New Jersey Transit lines and Newark Light Rail, and Newark Penn Station is a stop for five NJT lines, 11 Amtrak and Acela runs, Light Rail and PATH service into Lower Manhattan.
As opposed to many other New Jersey cities, Newark is a hub for inbound commuters rather than a bedroom community. Pre-pandemic, over 100,000 workers commuted into Newark every day, though a large number continue to. It’s the leading economic center for the insurance, finance, healthcare, education, legal and international shipping industries in the state. And despite its gritty reputation, it’s a very livable city.
Newark is a diverse city of hardscrabble blue-collar workers, young professionals, singles and naturalized citizens.
The average age is a low 38.5. And the median household income is a hardworking $35,000. But there is much to do. The New Jersey Performing Arts Center features the New Jersey Symphony Orchestra and the New Jersey State Opera. The Newark Museum of Art is the largest museum of any kind in the state. The city offers a number of parks from Colonial Commons to the Passaic Riverfront.
And the 15-year-old Prudential Center is home to the NHL’s Devils, the state’s only indoor major league franchise, and Big East basketball as well as large-scale concerts and touring shows.
- Population: 30,723
- Average age: 41.6
- Median household income: $137,672
- Average commute time: 34.9 minutes
- Walk score: 26
- Studio average rent: $2,263
- One-bedroom average rent: $2,424
- Two-bedroom average rent: $3,024
Talk about a college town. Princeton is a leafy, convenient, high-quality small city. It’s just a 20-minute drive into Trenton, the state capital, and equidistant from Center City Philadelphia and Lower Manhattan. But one never needs to leave Princeton to enjoy the Ivy League life.
Of course, both the reputation and economy of Princeton surround the university. The centralized campus is an educational, cultural and entertainment hub for the city, but there is much to life off-campus. The most popular corridor is the shopping and dining district along Nassau Street. This includes popular locations like Princeton Record Exchange, P.J’s Pancake House, Hoagie Haven and the stores in Palmer Square.
With superior public and private schools, a stop on Amtrak and New Jersey Transit lines, high quality of life, and a low crime rate, Princeton often finds itself at the top of “Best Places to Live” rankings. But that quality comes at a price. The median household income climbs to near $140,000. And even with all those students, rents are pricy at $2,424 for an average one-bedroom and $3,024 for two.
- Population: 88,763
- Average age: 45.5
- Median household income: $79,607
- Average commute time: 37.1 minutes
- Walk score: 38
- Studio average rent: N/A
- One-bedroom average rent: $1,177
- Two-bedroom average rent: $1,744
The only Jersey Shore location on this list. Is it Wildwood? Beach Haven? Asbury Park? Nope. It’s the residential, family-friendly beach-and-shore town of Toms River.
The suburban ying to nearby Seaside Heights’ yang, Toms River is less Snooki and more Little League baseball, strollers at the park and mall food courts. That doesn’t mean Toms River is in any way boring.
Situated about 80 minutes from both New York and Philadelphia, Toms River is a popular summer home destination for families. But for most, it’s a year-round compromise between suburbs and shore.
Most of the township is on the mainland. Inland sites include Ocean County College, which features Novins Planetarium and The Grunin Center for the Arts. Also nearby is Community Medical Center. And the super-regional Ocean County Mall is one of the largest suburban-style indoor malls along the shore.
Toms River’s downtown is on the south end along Main and Water streets, featuring a number of restaurants, cafes, bakeries and retail stores, along with recreational Huddy Park. On the north end jutting out into Barnegat Bay is marshy Cattus Island County Park. And held annually is the Toms River Halloween Parade, the second-largest Halloween parade in the world behind only New York City’s.
But it’s not all malls and soccer fields. Dover Beaches North and South are also part of Toms River Township. These beach towns lie on Barnegat Peninsula, the oceanfront barrier shore across the bay. Just north of the infamous MTV beach town of Seaside Heights, the Dovers offer gorgeous beaches without all of the drama.
Find your own best place to live in New Jersey
The best places to live in New Jersey range from densely populated New York ‘burbs with bustling nightlife to family-friendly suburban retreats. But no matter where you live in Jersey, there are amazing places to call home. And you can find your next great Jersey city right here on rent.com. Just don’t forget the Springsteen CDs.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory of one-bedroom apartments in March 2021. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
Other demographic data comes from the U.S. Census Bureau.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Source: rent.com
Apache is functioning normally
East Sister Rock Island, a miniature private island and dream getaway that doubles as a thriving vacation rental, is on the market for $16,499,999, offering one lucky buyer the rare opportunity to own a secluded retreat in the Florida Keys.
This 1.4-acre island is a mere quarter-mile from Marathon, Florida, and is accessible only by boat or helicopter, providing a level of privacy and exclusivity unmatched by mainland properties.
The island’s history is as unique as its location.
Built in the 1970s, before the implementation of stricter environmental laws, the island was created for a New Jersey gastroenterologist, Klaus Meckler.
Its structure, a concrete home resting on 75 pillars drilled into coral rock and elevated on a 15-foot high plateau, showcases both engineering ingenuity and a deep respect for the surrounding natural beauty.
The 2,304-square-foot main residence, complemented by a detached guest house, features three bedrooms and two bathrooms — and has been operating as a popular vacation rental in recent years, with stellar reviews from travelers.
The property’s eco-friendly design includes a solar and wind power system, a 15,000-gallon freshwater cistern, and its own desalination plant. This off-grid setup ensures a self-sufficient living experience that aligns with modern sustainability values.
Notable for its luxurious amenities, East Sister Rock Island boasts an outdoor pool, a helicopter pad, and a dock, catering to various modes of transportation and leisure activities.
The island’s location on a coral reef, surrounded by protective rocks, offers stunning 360-degree ocean views and a serene environment, perfect for relaxation and outdoor entertainment.
In addition to its private use, the island has also been operating successfully as a vacation rental.
Related: Tour a $20M mansion in Key Biscayne, Florida with its own private yacht dock
Guests have consistently rated their stays as exceptional, highlighting the island’s tranquility, convenience, and unique experience of seclusion close to necessary amenities.
Reviews praise the comfort of the property and its amazing location, noting its easy access to nearby attractions and the fantastic fishing opportunities it offers.
This property was nothing short of amazing! My wife and I had dreamed of doing a trip like this since we’ve been married, due to the season we were in when we tied the knot a honeymoon just wasn’t in the cards. 9 years later we arrived on East Sister Rock, and enjoyed this incredible home with our family. The home was well kept, the bathrooms were gorgeous, and the home is nothing short of captivating.
One VRBO review reads
Currently listed for $16.5 million with Ember Duran of The Agency Miami, East Sister Rock Island is a testament to luxurious, sustainable living. Its blend of privacy, eco-conscious design, and modern amenities makes it a one-of-a-kind property in the heart of the Florida Keys.
Whether as a private retreat or a high-end vacation rental, this island promises a unique and unforgettable experience in one of the most beautiful locations in the United States, and we’re looking forward to seeing who its lucky future owners will be — and how much East Sister Rock Island will end up selling for.
Until then, we’ll add it to our vision boards and daydream about one day owning our own slice of paradise in the azure waters of the Florida Keys.
More stories
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Mar-a-Lago neighboring mansion undergoing a massive renovation eyes $40 million sale
Source: fancypantshomes.com
Apache is functioning normally
RICHLAND TWP., Pa. – Eagles, Flyers, 76ers and Phillies fans will soon have a new spot to score jerseys, hats and other fan gear in upper Bucks County.
Rally House, a specialty sports store chain offering an expansive selection of apparel, gifts, home decor and other types of merchandise representing local NCAA, NFL, NBA, MLB, NFL and MLS teams, is planning to open a new location in a few months at 244 N. West End Blvd. in Richland Township.
The new store will fill the space previously occupied by Tuesday Morning, a home goods retailer, in the Trainer’s Corner shopping center, just outside Quakertown.
“We are opening a new Rally House location in Quakertown and excited to get it open to residents and fans,” stated Colin Novick, Rally House’s media and production manager. “We are aiming to have this store open in early spring in April.”
Rally House traces its origins to 1989, when Tim and Mabel “Peg” Liebert started “Mabel’s Kitchen,” a catalog featuring Kansas-related apparel, gifts and other merchandise.
Mabel’s Kitchen evolved into another business, “Kansas Sampler,” which featured five Kansas City area stores selling Kansas Jayhawks, Kansas State Wildcats, Kansas City Chiefs and Kansas City Royals gear.
The company experienced great success, and the Lieberts eventually decided to expand the business to other markets under the “Rally House” name in 2008, according to a company description.
Today, Rally House has more than 180 locations across 18 states. The new Quakertown area store will supplement more than a dozen other regional locations, including a Lehigh Valley shop in Lower Macungie Township, two other Bucks County stores and several locations in Montgomery County.
Rally House stays true to its roots by providing “an impeccable selection of local and team-related apparel and gifts, including exclusive designs available only at Rally House,” according to the company’s website.
Regional stores offer a wide array of merchandise, including clothing, blankets, glassware and signs, featuring logos and designs of Philadelphia and surrounding area teams.
Customers at the Lehigh Valley store, for example, can shop plenty of Philadelphia Eagles, Flyers, 76ers and Phillies items, along with merchandise showcasing designs of various regional universities, including Lehigh, Kutztown, Penn State, Temple, Villanova, Drexel, St. Joseph’s and West Chester.
Other area sports teams, including Lehigh Valley IronPigs and Philadelphia Union, are also represented.
Philadelphia area teams are primarily featured, but there is also a selection of merchandise featuring other popular teams such as the New York Yankees, Pittsburgh Steelers and New York Giants.
Customers can browse apparel such as T-shirts, sweatshirts, coats and shorts, along with footwear and fashion accessories such as slippers, hats, scarves and jewelry.
A wide variety of other gifts and home décor include items such as glassware, coasters, garden gnomes and flags, foam fingers, stuffed animals, keychains, pens, pennants, ornaments, cornhole boards, trash cans, calendars and umbrellas.
“Much like each person, no two Rally House stores are identical,” a message on the company’s website reads.
“They each carry merchandise customized and tailored to the specific collegiate and professional teams in that area. In additional to team apparel, Rally House offers a wide selection of local styles. This includes our very own exclusive line of RALLY Brand™ merchandise. The same items we have in our stores can also be found online at any time. We want to make things as easy and seamless as possible for fans who want to show their unique team spirit, regardless of wherever they live or shop.”
In addition to selling items relating to local sports teams, Rally House also works in conjunction with local sports stars and celebrities. These partnerships manifest themselves in the form of ticket giveaways, autograph sessions, radio remote contests and meet-and-greet events.
For the latest Rally House updates, follow the business’ pages on Facebook and Instagram. Info: rallyhouse.com.
Allentown updates
New Wawa could take Brass Rail’s spot next to Sheetz
ALLENTOWN, Pa. – The Allentown Planning Commission discussed a preliminary/final land development plan for a proposed Wawa convenience store Tuesday afternoon at city hall.
The proposal is offered for 3015 Lehigh St., the site of the former Brass Rail property. The plan involves consolidating two of the three existing lots, demolishing existing features on the consolidated lot and constructing the convenience store.
Should the proposed Wawa come to fruition, it would operate about 100 yards away from a Sheetz convenience store and gas station. Sheetz opened in August 2023 at the southeast corner of Lehigh Street and 29th Street, near Auto Zone. Additional nearby convenience stores and gas stations include a Turkey Hill on the other side of Sheetz and another Wawa about a mile north on Lehigh Street. Full story here.
Downtown Allentown Market welcomes new food vendor, says goodbye to another
ALLENTOWN, Pa. – The new year is bringing more changes to the Downtown Allentown Market, with one food vendor recently setting up shop and another bidding farewell.
Joining the 27 N. Seventh St. market is Randevoo, offering a twist on traditional Asian fusion cuisine.
Randevoo held a soft opening on Jan. 5 in space that was previously occupied by two other Asian concepts, Shinsen and Honmono Sushi, the latter of which closed in June following the owner’s move to Florida. Read more here.
Lower Macungie news
Lower Macungie planners recommend approval for Topgolf
L. MACUNGIE TWP., Pa. – The Lower Macungie Township Planning Commission recommend approval of a preliminary/final plan of an open-air entertainment facility Tuesday night at the administration building.
The plan, offered by Jaindl Land Co., involves the proposed Topgolf facility at the Lehigh Valley Town Center, slated for 361 Schantz Road and 4511 Cedarbrook Road. The proposed Topgolf and Town Center have already received conditional use approval.
Tuesday night’s recommendation involved the Topgolf facility, which includes a 72-bay golf driving range with a two-story, 20,460-square-foot building and associated parking on 11.5 acres within the Lehigh Valley Town Center. Topgolf will have site access from a private drive in association with the Town Center development. Read more.
New Lehigh County car wash to open later this month, joining 2 sister locations
LOWER MACUNGIE TWP., Pa. – Drivers looking to keep their vehicles in tip-top shape will soon have a new car wash to frequent in the Lehigh Valley.
The Car Wash on Hamilton, committed to providing customers with a “seamless and efficient car wash experience,” is expected to open by the end of January at 6794 Hamilton Blvd. in Lower Macungie Township.
The newly constructed car wash, totaling around 4,000 square feet, will supplement two sister locations: The Car Wash on Broadway, which opened in 2015 at 4540 Broadway in South Whitehall Township, and The Car Wash on West Main, which opened in October at 200 W. Main St. in Macungie. Full story here.
Bethlehem area buzz
Bethlehem restaurant closes, but owners continuing to serve customers via food trailers
BETHLEHEM, Pa. – The owners of a Bethlehem restaurant, serving up burgers, ice cream and more, have closed their eatery to focus on mobile operations.
Husband and wife Norman and Jill Matthews of Bangor have decided to shutter their 3.5-year-old south Bethlehem eatery, Dinky’s Ice Cream Parlor & Grill, and transition to a “completely mobile” business model, according to a post on Dinky’s Facebook page.
“That means we have two trailers, one that is just purely ice cream and the other is a food/ice cream truck,” they announced on the business’ Facebook page. “We will be going to different events, fairs, parties, food truck gatherings and hopefully breweries in the in the surrounding areas. Then we can get caught up with our loyal customers. Read more here.
Family-run restaurant rebrands with new name, look in Bethlehem
BETHLEHEM, Pa. – A popular fast-casual eatery, serving “gourmet quality comfort food,” is kicking off the new year with some changes in Northampton County.
Hummus House, a family-run restaurant known for its fresh sandwiches, salads, wraps and more, has rebranded to HandHeldz at 518 E. Third St. on Bethlehem’s South Side.
New signage was installed on Monday, and the business’ first day as HandHeldz was on Tuesday. Read more.
New expansive facility offers prime training space for athletes, teams in Northampton County
BETHLEHEM TWP., Pa. – A new indoor training facility is helping sports teams, clubs and athletes stay at the top of their game in the Lehigh Valley.
Powerballers Athletic Center, offering year-round training opportunities and a top-tier environment where youth and individuals of all ages can passionately pursue and enjoy their sport, opened in late November at 2550 Brodhead Road in Bethlehem Township.
The 14,000-square-foot facility features 10,000 square feet of flexible turf space, over 1,200 square feet of strength training space, batting cages, certified coaches and a climate-controlled environment. Full story here.
Expanding businesses
HiJinx Brewing Company to bring ‘fun and friendly’ vibe to 2nd Lehigh Valley location
A popular Allentown brewery is expanding its footprint in Lehigh County.
HiJinx Brewing Company, producing a wide array of craft beers that include IPAs, pilsners, porters and stouts, on Thursday announced plans to open an additional location at Sports Factory of the Lehigh Valley, 6616 Ruppsville Road, Upper Macungie Township.
The new location will supplement HiJinx’s original taproom and production facility, a 4,000-square-foot venue that opened in 2014 at the Allentown Economic Development Corporation’s Bridgeworks Enterprise Center, 905 Harrison St., Allentown. The brewery is in Suite 111. Read more here.
A-Treat Birch Beer expands as a fountain soda option at more Lehigh Valley restaurants
A month after announcing a partnership with Lehigh Valley hot dog shop chain Yocco’s, Jaindl Beverage Company – owner of A-Treat soda brand – has announced more local venues carrying A-Treat soda on tap.
In addition to being served at all five Yocco’s locations, A-Treat Birch Beer is now available as a fountain drink at Westside Grill in Upper Macungie Township, Wild Turkey Grill (at The Club at Twin Lakes) in North Whitehall Township and Moselem Springs Golf Club in Richmond Township, Berks County.
Westside Grill, Wild Turkey Grill and Moselem Springs Golf Club are owned by Jaindl Land Development. Read more.
Odds and ends
‘The store of the future’: Dave & Buster’s gears up for grand reopening after remodel
WHITEHALL, Pa. – A popular entertainment facility is ready to level up its services in Lehigh County.
Dave & Buster’s, the entertainment and dining chain that invites guests to “eat, drink, play and watch,” on Friday debuted its reimagined Lehigh Valley location on Friday.
The Whitehall Township location, at 1491 MacArthur Road, opened in October 2020 at a Lehigh Valley Mall outparcel, which was previously home to Friendly’s and Wendy’s restaurants as well as an office building. Full story here.
The Promenade Shops welcomes new tenant, hosting ‘Wonderland on Main’ event
UPPER SAUCON TWP., Pa. – The new year has brought a new tenant to The Promenade Shops at Saucon Valley.
Fulton Bank, offering a broad array of financial products and services in Pennsylvania, New Jersey, Maryland, Delaware and Virginia, on Monday opened its newest Lehigh Valley branch at 3060 Center Valley Parkway, Suite 839, Upper Saucon Township.
The branch offers a variety of services, including deposits, loans, check cashing and safe deposit boxes. Read more here.
Schuylkill County winery earns ‘best white wine’ in Pa. distinction from prominent wine critic
WEST PENN TWP., Pa. – A Schuylkill County winery is making a splash in 2024, with high praise on a well-known wine media platform.
Galen Glen Winery, at 255 Winter Mountain Drive in the Andreas section of West Penn Township, earlier this week received acclaim on JamesSuckling.com, a prominent wine media platform and events company with offices in Hong Kong.
Senior Editor Stuart Pigott labeled the Galen Glen Riesling Lehigh Valley Stone Cellar 2022 as “the best white wine he has ever tasted from Pennsylvania,” according to a Weekly Tasting Report. Read more.
Berks buzz
‘Stay and sip a while’: Folino Estate owners open 2nd Vintner’s Table wine bar and restaurant
WYOMISSING, Pa. – The owners of Folino Estate Winery near Kutztown have opened another tasty venue in Berks County.
Husband and wife Marco and Andrea Folino, who opened Folino Estate in Greenwich Township in 2015, on Tuesday opened a second location of Vintner’s Table – a wine bar and restaurant serving up Folino’s hand-crafted, award-winning wines along with charcuterie and light bites – at 945 Hill Have. Suite 100 in Wyomissing.
“We welcome you to reserve a seat at our table,” an announcement on Vintner’s Table’s Facebook page reads. “Our menu was a labor of love carefully curated to bring you an elevated dining experience full of rustic Italian flavors paired with our award winning wines in a chic and cozy atmosphere that invites you to stay and sip a while.” Full story here.
New golf simulator at Sly Fox has golfers hitting the virtual links
WYOMISSING, Pa. – There’s a new gathering place inside an already familiar spot in Wyomissing that can transport you to dozens of golf courses around the world.
While it’s winter outside, the basement of Sly Fox Brewing, dubbed the Foxskeller, features a whole different vibe.
Golfers are teeing up and taking their swings on brand new golf simulators. Read more here.
Vinyl enthusiasts to descend on Leesport Farmers Market this weekend for ‘Record Riot’
ONTELAUNEE TWP., Pa. – It’s about the search for something special.
“Number one, I’m a collector. All these guys that sell records they all are interested in records, so I’m looking at his records saying ‘What does he have?’ And I saw something I want to buy,” said Record Riot event organizer Stephen Gritzan.
Thumbing through crates of creative work put to vinyl is a physical interaction that seems increasingly rare. Read more.
‘Heavy heart’: Moe’s Southwest Grill location to close after 10 years in Berks County
EXETER TWP., Pa. – An eatery serving up made-to-order burritos, quesadillas, nachos and tacos is ending operations this weekend in Berks County.
A location of Moe’s Southwest Grill, a fast-casual restaurant franchise serving “high quality and fresh southwestern food,” will close on Sunday at 4725 Perkiomen Ave. in Exeter Township.
The restaurant is located in the Exeter Commons, between a Fine Wine & Good Spirits store and L.A. Nails Day Spa. Full story here.
Closing notes
Rite Aid closes Bethlehem store, with another Lehigh Valley location set to shutter on Jan. 15
Two Rite Aid stores in the Lehigh Valley are ceasing operations this month, joining several other regional locations of the pharmacy chain that closed in 2023.
First, a Rite Aid store at 104 E. Third St. on Bethlehem’s South Side shuttered on Wednesday, Jan. 10, according to storefront signage, addressed “Attention: store closure.” Read more here.
American Eagle Outfitters closing Lehigh Valley store
PALMER TWP., Pa. – A well-known clothing retailer is reducing its brick-and-mortar footprint in the Lehigh Valley.
American Eagle Outfitters, a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products, will close its American Eagle store at the Palmer Park Mall in Palmer Township on Jan. 20, a store manager said.
The manager could not comment on the reasons surrounding the upcoming closure. Read more.
Discount variety store closes in Easton area
PALMER TWP., Pa. – A destination for affordable snacks, household items, party supplies and more has closed in Northampton County.
One Dollar Zone!, a discount variety store “where you can find trusted brands and thousands of great quality items for as low as $1.00,” closed a couple of weeks ago at 785 S. 25th St. in Palmer Township.
It’s unclear what led to the store’s closure. A company representative did not return a message seeking more information, and a sign on the door simply reads, “WE ARE CLOSED.” Full story here.
Source: wfmz.com
Apache is functioning normally
Every year, I set goals and review my goals from the previous year. Not only do I set goals and review them but I publish them here for the world to see! This helps keep me accountable for my actions and keeps the goals fresh in my mind.
When I set goals, my main objective is not to achieve those goals but to do better. Many of my goals I do not achieve and that is okay because I know I did more and better with the goals than if I did not have them.
My previous goals and how I did
It is crazy to think of how much I have accomplished over the years and I know that setting goals helped me do much more than I ever thought possible. I own more than $22 million worth of real estate and have accomplished many of my dreams. I still have a long way to go and I will keep this going as long as I can. Every year I write this article that goes over my previous goals and my future goals. You can see those other goal articles from previous years below:
Things have changed over the years as my business has changed and new things have come into my life. I started a real estate brokerage, started investing in commercial real estate, wrote many books, started brick-and-mortar businesses, and much more.
What were my goals for 2023?
I don’t make the same goals every year because not every goal works. Some goals may seem like great ideas until I realize achieving them was too easy or not impactful on me or my business. Some goals may be too difficult to measure or track and some are just oo boring. These were my goals for 2023
Sell 20 properties
I usually make a goal to flip a certain amount of homes which means I sell a flip. I felt the need to bring a goal like that back since I need to be selling properties fairly quickly to keep my business model sustainable since I am buying new ones and spending a lot on repairs. I did not sell as many properties in 2022 as I usually do. These may be rentals or flips that I sell in 2023. I have sold rentals in the past that were not the best performing and that is my plan now as well. I have had some properties that I had big plans for but those plans fell through for various reasons. I need to sell those and move on to other properties while keeping the good ones.
I believe I only sold 10 properties in 2023! This was way below my goal and a few things made this difficult. For one, I was not able to buy as many flips as I hoped to. Rising interest rates also made it more difficult to sell some of the multifamily flips that I had planned to sell. This was not the end of the world because I am making money on those properties every month but I do have a lot of capital tied up in them that I would like to get out eventually.
Here is one of the properties I sold:
Buy 12 Flips
I think we only bought 6 flips in 2022! That was the fewest number of flips I have bought in many years but that number is also a little deceiving. Some of the flips I bought were multiunit properties that will take more work than a normal flip and some of the properties that I considered to be rental property purchases in 2022 may end up being long-term flips too. I have a few duplexes and triplexes that I was thinking of keeping or selling and I think I may sell them after fixing them up a bit.
I did not buy 12 flips in 2023 either! We only bought 7 flips which was not much better than 2022. The silver lining of this is that most of the flips we bought we in the last half of 2023 so we may see some light at the end of the tunnel for finding more deals. The lack of inventory has made it very hard to find properties that will be a worthwhile flip.
Here is one of the flips I bought:
Buy $2,000,000 worth of rental properties
I have had goals to buy a certain amount of rentals (my goal to purchase 100 rentals) and to buy a certain amount of square footage of rentals (my goal to purchase 1 million square feet of rentals) but this year I am changing it to a dollar amount. I liked both goals but they both had issues. The 100 property goal was for houses I started buying large commercial properties. The 1 million square feet of rentals goal was cool but then I bought some crazy big properties that were mostly money pits. We will see how this goal goes.
I did absolutely horrible with this goal as well! I only bought one rental property and it was a small one and a business too. The small laundromat in Kersey Colorado had an apartment in it and that is the only rental I was able to -purchase for $300k. I did have another property that I almost bought for $1.3 million but the seller backed out at the last second. Even though the market for selling rentals is not very good, there still are not many deals out there to buy either!
Refinance $2 million worth of debt
This is one goal that I have been accomplishing and makes a huge difference in my finances. By refinancing private money into bank money, I free up those private money lenders to lend me more private money and reduce my interest payments while locking in loans for the long term. I have some new lenders to try this year and I can reach out to my old ones as well on a few properties.
Well, this is another goal that I completely missed. I had some ideas to refinance properties but those ideas fell through. I knew it would be tough refinancing properties with traditional bank loans and I was hoping to use some DSCR loans. The issue I ran into with DSCR loans, is that most of them have huge prepayment penalties and it is very hard to find them on commercial or mixed-use properties.
Make $500k in revenue from Investfourmore
I have this same goal again! I have some new things to try and I may really focus on that business this year myself as well. I think there is a lot of opportunity there that I have not been fully tapping into. I would love to have people in my office who work on this business.
Are you getting used to me missing my goals because it happened again! I actually saw a decrease in revenue from investfourmore. Investfourmore is this blog, my YouTube channel, social media, real estate coaching products, and a few other things. One of the big problems with Investfourmore is that real estate is really hard right now and I think many people have lost interest or given up. While my revenue did not go up, I was able to accomplish some great things in 2023 with my brand.
Add 250k social media followers
I think this goal is diable and at the same time challenging as well. The tricky part with social media is you never know what will do well or how your account will do. Some things I think will never do well end up being awesome and some that I think are awesome do horrible! One of the sub-goals in this is to hit 100k subscribers on YouTube. I have 90k now and gained 10k in the last 2 months but without crazy evictions, YouTube stops pushing my channel as much and that crazy run is over for now. Hopefully, I can get more steady and consistent growth without craziness.
Here is a goal that I was much more successful at achieving. I hit 100k Subscribers on YouTube! I did not add 250k social media followers, but I added about 100k through YouTube, Facebook, and TikTok. Instagram has actually been losing followers because I think Instagram shadow banned me and hates me. I am not sure why.
Raise Revenues at my store from $65k to $95k per month
I bought a liquor store and mini-market in 2022 which was a goal of mine for a while. I have always wanted a brick-and-mortar store for some reason. I got my wish and it has been fun but also challenging. The store makes money even after paying rent to myself who owns the building as well. While it makes money, I think it can do so much better! One big change is we can serve more food options since I just upped our food license to a grocery with a deli which allows us to prepare some foods. We will see how that goes!
This goal I hit in the summer of 2023 and then sales dropped back down again. Sales are seasonal at the store and that was to be expected. While sales were way up, our profits were not as much as they should have been due to some staffing issues and cost problems. Making money is not all about revenue, but the bottom line, or profit as well. The store is going great.
Interesting 2023 accomplishments that weren’t goals
While I did not accomplish many of my goals I was able to do some new things I was not expecting. I have wanted a laundromat for many years and tried to build one from scratch in a small town in Northern Colorado. That did not work out because of the build and utility costs. However, I was able to buy one small laundromat and car wash in June that was already existing and then I took over another laundromat in September! The small laundromat has had many challenges but the larger one is doing pretty well. It was very exciting learning the business and trying to improve sales.
My goals for 2024
As always I am going to change up how I do my goals this year. I am always tweaking and changing things as I said previously. I am going to do something new which maybe I should have done before but for some reason, I did not. I am going to post an income goal. I have always been about investing and revenue in some of my businesses but I have never done a total income goal. Many people think I make way more money than I do.
I want to make one million dollars in taxable income in 2024
I have multiple companies that have made close to or more than one million dollars in revenue a year but taxable income is not revenue! If I am able to make one million dollars in taxable income it will mean that I brought in way more income than that because my rentals and other businesses provide a tremendous amount of writeoffs and deductions. I plan to do this with a mix of online profit, store profit, flip profit, rental property profit, and laundromat profits. I broke down that goal into smaller goals like making $100k profit at the store.
I want to sell 20 properties in 2024
I am repeating this goal again because there are about 5 rentals I would like to sell that are underperforming or have a lot of equity compared to the cash flow coming in. I also have 7 flips that should sell in 2024 and I plan to buy more that will sell in 2024 as well. It is not the end of the world if I do not sell this many but it would be nice and free up capital to buy properties with more potential or value-added possibilities if I can find them!
Here is one of the properties I sold in 2023:
I want to buy at least 12 flips in 2024
I made this goal in 2023 and did not reach it either but I think I can in 2024 or at least come close. It is fun doing flips and I love creating videos and buying more flips allows me to make more videos! I am hoping with interest rates going down (fingers crossed) more inventory will come on the market and I will be able to find more deals.
I want to buy $2 million worth of rentals
I am repeating this goal again too! Rental properties that make money have been in short supply in my market. There have been a few properties that came up for sale that were close to good enough deals for me and other investors jumped on them. I am thinking I may have to try a different market soon but I am not giving up on Colorado yet. I did make a post about the most landlord-friendly states which could help others and myself make a decision if I decide to invest in other markets.
I want to refinance $2 million worth of debt
I am still looking to refinance some of my properties that have private money loans on them. Luckily my lenders are very flexible and are willing to keep taking the interest I am paying them. If interest rates come down a bunch that would be awesome but I am not sure how far down they will go. I would also love to find a DSCR lender that doesn’t have huge prepayment penalties!
Social media and blog goals
I have many goals for social media. I want to continue to grow my YouTube channel and I would love for it to take off and focus my time on it but my other social media channels like Facebook and TikTok drive people to my YouTube channel. I also have not been writing as much on Investfourmore.com because I have been focussing on social media and I think that is one reason I have not been as successful online as I had hoped. I want to write more on my blog and make sure I am taking advantage of the brand I have built over many years!
Here are some of the social media goals:
- 150k YouTube Subscribers
- 400k Facebook followers
- 100k Tiktok followers
- Increase traffic on Investfourmore to 50k users a month
- I still want to hit that $50k a month revenue goal as well!
Conclusion
Setting goals is very important and something I do every year and keep track of all the time. To be honest, I could have kept better track of my goals in 2023. I had them written on a whiteboard and I looked at them but I did not set time away to plan as much as I should have. Another goal of mine is to focus more on my goals in 2024!
To learn more about goals and why I use them check this out.
Build a Rental Property Empire
Source: investfourmore.com
Apache is functioning normally
Philadelphia is a modern, glittering, cosmopolitan city on the east coast. Settled between massive New York and powerful Washington, D.C., Philly is a keystone of the Northeast Corridor as its state’s nickname suggests.
So as a representative major northeastern city, you would expect it as an expensive place to live. Well, not so fast. While Philadelphia stands as the nation’s sixth-biggest city by population, it’s just the 41st most expensive city in the U.S. among the top 270 largest. The cost of living in Philadelphia is pretty affordable for all you get. In fact, the city’s COL Index is a realistic 111.7, meaning it’s just 11.7 percent more expensive than the national average.
The cost of living in Philadelphia involves a number of expense factors. These include budget items such as housing, utilities, transportation, food and more.
The individual indexes range from nearly 20 percent over the national average for groceries to just 0.4 percent for health care. But regardless of category, including average rent in Philadelphia, the City of Brotherly Love is an affordable place to live.
Housing costs in Philadelphia
With about 30 percent of a household budget going towards housing, paying for where you live will be your single highest expense no matter where that is. But how is the affordability of the literal cost of living in Philadelphia? The answer is simple — not bad.
Despite its size as the sixth most populous city in America, housing in Philadelphia is 16.8 percent more expensive than average.
In fact, the cost of living in Philadelphia for housing is only the 46th most expensive in the nation. That makes it cheaper to live than such cities as Baltimore, Stockton, Flagstaff, Denver and Portland, Maine. Compare that to New York City. Manhattan is just 70 miles from Center City, but its Housing Index is a whopping 442.3.
The average rent in Philadelphia for a one-bedroom apartment is $2,142 a month. That’s just over $500 a month above the national average of about $1,600. The cost of that average Philly one-bedroom rose just 2.52 percent from the same period last year.
Philadelphia’s least and most expensive neighborhoods
Considering there are over 300,000 rental units in Philadelphia, the average one-bedroom figure varies widely depending on where in the city you wish to live. The top four least expensive neighborhoods in Philly sit in Near Northeast Philadelphia.
Melrose Park Garden, Pennypack Woods, East Oak Lane and Burholme all rent one-bedrooms for under $1,175 on average, with Melrose Park Garden the only district in the city under a grand a month. East Falls, a popular residential neighborhood for young professionals just south of Manayunk, is the fifth least expensive at $1,226.
On the flip side, the majority of the most expensive neighborhoods surround the city’s downtown. Washington Square West, Logan Square, Avenue of the Arts South and greater Center City itself all rent a lone bedroom for over $2,300 a month.
Washington Square West, home of the Gayborhood district, is the only region in town where rents top $3,000 monthly. Graduate Hospital, just across Broad Street, saw the highest year-to-year increase in the city at nearly 55 percent.
Home values in Philadelphia
If your life path has moved you from renting to homeownership, Philadelphia is an affordable place to buy as well. The average home — a new construction house with 2,400 square feet of living area for the purposes of this survey — is priced at $426,000.
While that is $115,500 above the nationwide average, Philly ranks an impressive 50th among cities with the most expensive new homes.
Mortgage rates, which by their nature fluctuate wildly, tend to hover around 3 percent.
Food costs in Philadelphia
Compared to other large cities, the price of food in Philadelphia is reasonable but not cheap. Philly’s Food Index is just under 20 percent above the national average. The city falls 16th among all cities, cheaper than some smaller locales like Seattle, Wilmington and suburban DC.
If you know anything about Philadelphians, they are big fans of party foods, backyard barbecues and sandwiches (particularly local faves hoagies, roast pork and cheesesteaks). And as incredible as the restaurant scene is in Philly, locals love to eat at home both in the dining room and on the patio. That means residents buy a lot of family and snack food.
Unfortunately, several of these common grocery items are pricey. For example, the city is among the top five most expensive for popular party items including potato chips, pork sausage and Coca-Cola, and a loaf of whole wheat bread ranks eleventh.
Not only is Philadelphia high nationally, but it’s unsurprisingly more expensive for food than other major cities in Pennsylvania.
For nearly every food item surveyed, Philadelphia is priciest compared to Pittsburgh, Allentown, Scranton and Wilkes-Barre. For example, frozen meal prices are over 30 percent higher than the average of all of the state’s population centers. A dozen eggs are nearly 30 percent higher as well and a head of lettuce is a 14.5 percent increase.
Looking for grocery bargains? They do exist. Shampoo is 5.6 percent cheaper than the state average. And both a bag of potatoes and can of peaches are 3 percent under, with the latter the cheapest in the state. While a bottle of table wine is steep at $12.11, ranked 14th and over $3 above the national average, beer is cheap.
In the town known for the “Citywide Special,” a six-pack runs 58 cents below the national average — the 64th cheapest city for beer in the U.S.
Dining out in Philadelphia
But not all food fun in Philly comes from the kitchen. Philadelphia is known as one of America’s top restaurant cities. No wonder, considering it’s home to the nation’s best pizza, best coffee shop, best chef and America’s best restaurant.
Philly folks love dining out. City households spend on average 45.7 percent of their yearly food budget on restaurants, delivery or take out. That’s 5.6 percent of the entire household budget and translates to slightly over $4,000 a year. Comparatively, that number is just under $2,500 on average statewide and $2,700 nationwide.
Is eating out affordable in Philadelphia? On average, a meal at a cheap restaurant runs about $15. That’s the same as the national price. A three-course meal for two at a mid-range restaurant will leave you with a $55 check, five bucks below the national average. Even a combo meal at Mcdonald’s is the same as the rest of the country at about $8.
Transportation costs in Philadelphia
It’s no secret that commuting in Philadelphia is tough if you’re driving your own car. The city is known as the second-worst for traffic congestion, behind only New York City in the number of hours spent in the car to and from work.
But at least the cost of commuting in Philly isn’t horrifically pricey. The city has a Transportation Index of 13.5 percent, good enough for just the 29th most expensive in America.
Like in many major east coast cities, it’s expensive to own a car. Thankfully, the price of a gallon of gas (unleaded regular including all taxes) in Philly averages $2.43, just 28 cents above average. That last part is key, as Pennsylvania has one of the highest gasoline taxes — currently 58 cents per gallon.
One of the biggest auto expenses in the city is parking. In Philadelphia, monthly parking averages $275 a month. The cheapest lots, in outlying areas, run about $140 a month while lots and garages near or in Center City can run as much as $500.
And while there are no toll roads within the Philly city limits, the Pennsylvania Turnpike runs east/west just north of town. On average, the PA Turnpike charges 13 cents a mile if you pay with EZPass (and about double that without).
However, the city features four toll bridges that run to and from New Jersey: the Walt Whitman, Betsy Ross, Ben Franklin and Tacony Palmyra Bridges. All are free from Philly into Jersey but carry a toll of five dollars to return (except the Tacony Palmyra which is three).
Public transit in Philadelphia
Thankfully, Philadelphia has a robust public transportation system. The city’s transit authority SEPTA offers four subway and elevated train lines, 13 regional rail lines and dozens of bus and trolley routes. Nearly a quarter of Philadelphia workers commute via public transit. The city’s transit score is 68.
All city rapid transit, which includes trolleys, buses and trolley buses, costs $2.50 for a single trip regardless of distance or time of day. That goes down to two dollars when using the city’s new smart card program, SEPTA Key. Those are the same prices for Philly’s rapid rail lines as well, which includes the Broad Street, Market Frankford, Ridge Spur and Norristown High Speed lines subways and elevated trains. A transfer is a dollar, with the first one free.
As with most systems, prices are cheaper when purchased in bulk in advance. A weekly transit pass in Philly runs $25.50 and $96 for a monthly ride pass. Overall, this is one of the lowest prices of any city in its category (when calculated as a percent of income).
SEPTA’s commuter rail network is known as Regional Rail and operates within the city and to the suburbs as well as New Jersey and Delaware. Trains depart any of the 150 stations across the region about once an hour on average. All of its 13 lines pass through the city’s three Center City stations: Suburban, Jefferson and 30th Street (also home of the city’s Amtrak hub).
Prices for regional rail vary depending on distance and day traveling. For travel entirely within the city, a one-way ticket runs $5.25 during the week and $4.25 on the weekend and holidays.
For travel to and from the suburbs, tickets cost up to $6.75 on weekdays and $5.25 on the weekend depending on to and from which “zone” you are traveling. Pricing is higher if purchased on board with cash rather than in advance or with a smart card. Seniors and children riding with adults ride free on any mode while riders with disabilities travel at half price.
Walking and biking in Philadelphia
Philadelphia is also an eminently commutable city without requiring power transport. The gorgeous city streets are highly walkable, with an excellent walk score of 84.
As well, Philly is a haven for bikers with designated bike lanes and bike paths throughout the city and a bike score of 76.
The city also provides a convenient bicycle ride share program called Indego. The program offers over 1,000 bikes at 125 stations throughout the city. Pricing varies from four dollars for an individual half-hour to $17 a month for unlimited hour-long rides.
Healthcare costs in Philadelphia
Pennsylvania Hospital, founded in 1751 by Benjamin Franklin, is the oldest hospital in the U.S. Today there are over a dozen major hospitals in Philadelphia, along with a slew of smaller ones, a number of children’s hospitals and several cancer specialty centers. Philly is a hotbed for quality healthcare.
The Philly healthcare scene’s excellence balances by the breadth of available service. This has kept healthcare prices in the city stunningly low. The cost of living in Philadelphia for healthcare is 0.4 percent above the national average and the 111th most expensive in America.
A visit to a doctor (specifically a general practitioner) is $133 on average. This is good enough to rank 51st nationwide. Need your teeth checked? An appointment with a dentist for a cleaning is just the 141st priciest in the country, nearly 70 cents below average.
The best value in health care in Philly? Prescriptions within the survey are $88 below the national average, the 14th cheapest of all cities.
However, if your furry roommate needs attention, you might be paying a bit more. A veterinary visit (for an annual exam) is the 17th most costly in the nation.
While these numbers are promising, it is difficult to determine an average cost of healthcare overall as needs vary depending on your individual health.
Goods and services costs in Philadelphia
Most everything else that isn’t included above falls as goods and services. Goods covers everything you buy that’s not consumable or isn’t a tangible item. This could be anything from paper clips to potting soil to concert tickets. Services include most visits with professionals that don’t involve health care or your car. This is any personal business trade from dog grooming to plumbing repair, yoga instruction to landscaping.
As far as a goods and service economy, Philadelphia is incredibly affordable for its size. In fact, the cost of living in Philadelphia for goods and services is 5.6 percent above the national average. Despite its ranking as the sixth-largest city in the nation, its goods and services rank is 61st.
There are a number of items that are inexpensive in Philly. For example, a newspaper subscription averages just $14, just the 60th priciest in the nation. An average movie ticket for a first-run film ranks 61st at just $12.
Think it is expensive to get your hair done in a cosmopolitan east coast city? It’s not cheap, but a visit to a salon will run you $61, that’s just the 20th most expensive in the nation. In fact, it’s comparable to a visit to a stylist in Manhattan or Queens, about $23.50 above the national average.
Taxes in Philadelphia
The full sales tax rate in Philadelphia is 8 percent. This represents 6 percent from the state and the remaining 2 percent from Philadelphia County. The county is conterminous with the city, which has no sales tax of its own.
In general, non-sales-taxed items in the state include food (both grocery and dining), medicine and drug store items and most clothing. If you purchase $1,000 of taxable items in Philadelphia, you’ll be paying $80 in sales tax.
The city also charges a sugary drink tax. The 1.5 cents per ounce tax applies to sodas and any non-alcoholic beverage that lists sugar or any sweetener as an ingredient. The proceeds primarily benefit city education and recreation programs.
Philadelphia’s current property tax rate hovers around 1.4 percent. City income wage tax sits just under 3.9 percent. The wage tax applies to all Philadelphia residents regardless of where they work and all Philadelphia-based employees regardless of where they live.
How much do I need to earn to live in Philadelphia
The monthly rent in Philadelphia is $2,152 on average for a one-bedroom apartment. That represents a 2.56 percent increase in similar units year to year.
Experts suggest spending no more than 30 percent of your annual income on housing. Multiplying the rent on average for a one-bedroom by 12, you determine the average yearly rent is $25,824. This means you should have an annual household income of at least $86,080.
However, according to Payscale.com, the average salary in Philadelphia is $69,000. That means that a resident earning the average salaried wage would be budgeted to spend $21,000 a year or $1,750 a month on rent. That’s over $400 less than the average one-bedroom apartment.
Check out our rent calculator to see how much you can afford each month.
Living in Philadelphia
There are a number of factors to consider when moving to, within or around Philadelphia. But regardless of the category, the cost of living in Philadelphia is moderate compared to many cities its size. It’s a budget-friendly city especially when it comes to health care, housing and other channels.
No matter your budget, there’s a perfect Philly neighborhood and comfortable home waiting for you. Check out the great places to lay your head at night in the Philadelphia apartment rental listings or for homes to buy.
Cost of living information comes from The Council for Community and Economic Research.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory of one-bedroom apartments in April 2021. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Source: rent.com