Wait! A medium sized home is 12 rooms? Are bath rooms "rooms" when calculating? I have a small ranch style home, 3 bedroom, 3 bath, living, dining, kitchen, all very small with full, unfinished basement. Value $145,000, taxes ...I forget...between $800- $1,200? I'll remember in a couple months when I get the bill!
A decent 2 bedroom is more like $700- $1,100. Most typical houses rent for $1,200 a month. In the dumpier areas, IE, the ghettos of greater Cincinnati, my friend rents a 2 bedroom $275 a month, and it is the kind of neighborhood you take the long way to drive around, and when visiting, you are surprised to see your car intact and where you left it when you look out the window.