How much more rent over market can you charge for an HOA with a gym and pool?

[Bradley Buxton]

If I'm looking at buying a townhome or condo and the HOA is high because there is a nice pool and nice gym. How much more rent per month are that worth to a long term renter or midterm renter? Will a tenant pay over market rents for those amenities? What percentage?

[Ned J.]

Market rent is set by the comparable units in the area. If none of them have pool/gym but everything else is very comparable, then you may be able to squeeze a bit more out above market but not much. Depending on the demographic for the area, some people may be interested in the pool, but most are not going to pay much more vs not having one to access. 

So basically it may make your unit more appealing... but wont raise the rent much if at all.