How many spare rooms are available now in the county?
Turns out, there’s an estimated 10,974 spare bedrooms occupying 2.6 percent of homes in Pierce County.
That’s according to real estate website Trulia. Here is how they calculated those figures:
“We looked at just households headed by someone over the age of 53 (1964 is last year of the baby boom generation) that are also owner-occupied residences, and non-multigenerational households (no kids/grandkids/parents cohabitating).
“From there, we calculated the number of available bedrooms as the (total number of bedrooms) minus (the number of household members) minus 1.
“We subtract 1 additional bedroom to account for various uses, such as an office space or use as a spare bedroom. So this is a fairly conservative estimate of the number of available bedrooms in homes owned by boomers or older.”
Hello, empty nesters.
Your spare room probably is stuffed with exercise equipment doubling as clothes racks, or holiday decorations, and in no way represents a true studio apartment with a beautiful breakfast nook.
Translation: You’re not about to clean that spare room out, let alone rent it.
But, if each one were rented as a studio (of which the average rent in Tacoma now is about $900), that’s close to $10 million a month collectively in a yet-untapped rental revenue stream.
Of course, with the glut of all those new studios, prices would bottom out. Unless you were the only one to decide to declutter this weekend.