Consider Renting Our Primary Home

[Alex L.]

We are in the process of getting another personal residence and I'm considering renting the one we live in currently out. We did this with our first home which was a starter home and was more of a no-brainer. This was an upgraded home, currently valued at $750k or so. Is there a demand to rent at this price point? Comparative listings in terms of beds and baths are lower than what I would want to get, but those are starter homes at half the price of ours. Luxury apartments in our area are running $4000 - $6500. Would it be abnormal to charge 4k - 6k in rent? Is there a market for these types of rentals or should I just sell it?