You know the one: A $300 to $400,000 house that doesn’t have much of a kitchen and no bathroom, but still offers the perks of home ownership, such as a pool and gym.
Well, there’s a solution.
Read MoreIt’s the “dream house,” according to a new study published in the American Journal of Housing Economics.
The researchers at the University of Michigan’s Ann Arbor School of Business surveyed more than 700 homeowners and found that the dream house was becoming more common as more people move into the rental market.
“In the last few years, it has become more common for people to be renting,” said Dr. Daniel Sperber, a professor of economics and the study’s lead author.
“In the past, it was often a single person living in a single-family house, but now it is more of a mixed-family home.
The dream house is becoming more popular.”
The study, which was conducted by the Institute for Housing Research, surveyed nearly 2,000 households, of which 2,934 were renters.
In addition to asking them what kind of living space they desired, the researchers asked how many bedrooms, bathrooms and closets they could use.
The researchers then compared those answers with the average price of the area where the house was located, as well as the average number of units in the area.
Overall, they found that more people are renting than were purchasing homes, and the average rent for the dream home increased from $300 a month to $350 a month in the years from 2011 to 2017.
This trend is consistent with other research that shows that the more people rent, the more expensive they get.
Rental housing is not cheap.
A typical rental house in the United States runs about $250,000 a year.
And it costs more to buy than a home, at about $500,000.
The average price for a typical one-bedroom apartment in the U.S. has increased more than 50 percent since 2010, from $1,200 to $2,200, according to Zillow.
The median price for two-bedroom apartments has increased nearly 70 percent since 2008, from about $1.3 million to $1 million.
A typical one bedroom apartment in Manhattan cost an average of $2.9 million in 2010.
Today, it costs nearly $3 million, according the ZillOW site.
For the study, the authors analyzed data from the Federal Housing Finance Agency’s (FHFA) American Community Survey (ACS) for 2012 through 2017.
They also analyzed data for three states: California, New York and Illinois.