Rental market snapshot for Wood Park, Tempe

Wood Park rental market summary

The rental market in Wood Park, Arizona is showing signs of growth. In July 2023, there were 93 new listings, indicating an increase in the number of available rental properties. The median rent for the month of July 2023 was $2,270, which is the same as the median rent in June 2023. However, when compared to the median rent in July 2022, there has been a 21.1% increase in rent. This suggests that the rental market in Wood Park is becoming more competitive, with demand for rental properties increasing.

Overall, the rental market in Wood Park, Arizona is showing signs of growth. With an increase in the number of new listings and a rise in median rent, it is clear that the rental market is becoming more competitive. This could be due to an increase in population or a decrease in the number of available rental properties. Regardless, it is important for renters to be aware of the current market conditions in order to make informed decisions when searching for a rental property.

Median rent for all residential properties in Wood Park

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The most expensive listings and top trending buildings in Wood Park

Most Expensive Listings

AddressRent PriceBed / Bath
5716 South Roberts Road$2,5104 / 2.0
6168 S Colonial Way$2,4003 / 3.0
6102 S Parkside Dr$2,3903 / 2.0
1040 West Westchester Avenue$2,3653 / 2.0
1011 W Pisces Dr$2,2703 / 2.5

Top Trending Buildings

building nameavg rent price
TruAmerica Multifamily LLC$1,500
MEB$1,349
Asset Living$1,198

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Bedroom Breakdown in Wood Park

Studio
$1,235
MEDIAN RENT
1 Bedroom
$1,349
MEDIAN RENT
2 Bedroom
$1,575
MEDIAN RENT

Wood Park neighborhood apartments rents

The rental market for studios in Wood Park, Arizona appears to be relatively stable, with only one new listing in July 2023. The median rent for studios in July 2023 was $1,235, indicating that there has been no significant change in rent from the previous month. This suggests that the rental market for studios in Wood Park is relatively stable and that there is no significant increase or decrease in rent prices.

The rental market for 1-bedroom apartments in Wood Park, Arizona is relatively stable. In July 2023, there were 5 new 1-bedroom listings, and the median rent for 1-bedroom apartments only increased by .1%, from $1,348 in June 2023 to $1,349 in July 2023. This indicates that the rental market for 1-bedroom apartments in Wood Park is not experiencing any significant changes in terms of pricing or availability.

The rental market for 2-bedroom apartments in Wood Park, Arizona in July 2023 is relatively stable. With only 5 new listings, the median rent remains unchanged at $1,575, indicating that the market is not experiencing any significant changes. This suggests that the rental market for 2-bedroom apartments in Wood Park is relatively stable and that there is no significant increase or decrease in rent prices.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Wood Park is $2,270.
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