That means a value of $9,000 a unit if the average rent is $500 a month.

The average rent in the authority's projects is just under $300 a month, officials said.

From 1974 through 1977, the average monthly rent was $140.

"They do not have any problem paying the average rent," he said.

Average rents for such space have risen over the last year.

Average rents range from $45 to $75 a square foot per year.

He said average rents were expected to be $20 a square foot.

The rates in the table below are based on the average rent of the lease.

At the same time, the average rent for families did not exceed 3% of the family income.

Average rents over the same period rose from $23.47 to $24.80 a square foot.