Hi All,
I am looking at a park where the median income in the area is approximately $68k and the average home price is approximately $154k. Average 2 bedroom rent is $854 and lot rent is $289.
Although only 15% of people in this location are renters (which I don’t love about this deal) probabaly due to the high income. Is there a point where the income is too high compared to the average home price?