Rental Housing Studies
S. Patz & Associates is an approved market study provider for housing finance agencies in multiple states. Our studies support a wide range of clients and uses, from agency applications and conventional financing to acquisition decisions, unit mix and phasing strategy, and early-stage development planning.
Whether a client needs a preliminary assessment to evaluate site viability or a full-narrative study prepared to agency standards, we deliver analysis that is rigorous, defensible, and tailored to the specific demands of the assignment.
Our work reflects a thorough understanding of agency-specific guidelines, submission requirements, and reviewer expectations across a range of programs. Our studies are regularly used by tax credit syndicators, commercial lenders, public agencies, architects, engineers, and development teams throughout the project lifecycle.
Studies are prepared at the site-specific, neighborhood, citywide, regional, and statewide levels, and cover the full spectrum of rental housing types, including:
- Market-Rate Apartments
- Workforce Housing
- Mixed-Income Housing
- LIHTC Communities (9% and 4%), including income averaging and age-restricted affordable housing
- Senior Housing, including Independent Living, Assisted Living, and Memory Care
- Student Housing
- Special Needs and Supportive Housing
- Adaptive Reuse Developments
- Build-to-Rent Townhomes
- Single-Family Rental Communities
Our Approach
Every assignment begins with original research. We conduct in-person site inspections, survey comparable properties directly, and build our analyses from primary data rather than relying solely on third-party databases. Our analysts bring deep familiarity with local and regional housing markets across the states we serve, allowing us to interpret data in context and draw conclusions that reflect actual conditions on the ground.
We are meticulous about accuracy. Every table, calculation, and cross-reference in our reports is verified before delivery, and our narrative findings are grounded in the data presented throughout the study. The result is work that holds up under scrutiny, whether in response to agency reviewer comments, during a lender’s underwriting process, or as the analytical basis for a major investment decision.
We also understand that market studies do not exist in isolation. Our reports are written to support the full project team, and we remain available throughout the financing and development process to answer questions, respond to reviewer comments, and provide updated analysis as project parameters evolve.
Accessible, Rigorous Analysis
While market studies are inherently technical, our reports are written in a clear, full-narrative format that makes the findings accessible and useful to a broad range of users. Agency reviewers, lenders, investors, architects, planners, and public officials can rely on our work with confidence, knowing the analysis is thorough, transparent, and well-supported.
Frequently asked questions
What does a rental housing market study include?
Each study begins with original research. We inspect the site in person, survey comparable properties directly, and build the analysis from primary data rather than relying solely on third-party databases. Studies are prepared at the site-specific, neighborhood, citywide, regional, and statewide levels, in a full-narrative format written for agency reviewers, lenders, and development teams.
Which rental housing types do you cover?
We cover market-rate apartments, workforce housing, and mixed-income housing, along with LIHTC communities at 9% and 4%, including income averaging and age-restricted affordable housing. We also cover senior housing across independent living, assisted living, and memory care, student housing, special needs and supportive housing, adaptive reuse developments, build-to-rent townhomes, and single-family rental communities.
Are you an approved market study provider for state housing agencies?
Yes. S. Patz & Associates is an approved market study provider for housing finance agencies in multiple states, including Virginia Housing, the Maryland Community Development Administration, the Pennsylvania Housing Finance Agency, the Delaware State Housing Authority, and New Hampshire Housing. The rental housing practice itself is nationwide and covers market-rate properties as well as affordable ones.
Do you help after the report is delivered?
Yes. We remain available throughout the financing and development process to answer questions, respond to agency reviewer comments, and provide updated analysis as project parameters change. Every table, calculation, and cross-reference is verified before delivery, so the work holds up under agency review and lender underwriting.
Who uses your rental housing studies?
Tax credit syndicators, commercial lenders, public agencies, architects, engineers, and development teams use them throughout the project lifecycle. Uses include agency applications, conventional financing, acquisition decisions, unit mix and phasing strategy, and early-stage development planning. Reports are written in a clear narrative format, so a planning commission and an underwriter can both follow them.