Market-rate co-ops are a type of housing arrangement where residents own shares in a cooperative corporation that owns the building. Unlike subsidized housing, these co-ops do not have income restrictions, allowing individuals to purchase shares at market prices. This means that the cost of living in these co-ops can vary based on the local real estate market. Residents in market-rate co-ops typically pay monthly fees that cover maintenance, property taxes, and other shared expenses. These fees can fluctuate based on the building's operating costs. Market-rate co-ops offer a sense of community while providing the benefits of homeownership without the responsibilities of traditional property ownership.