Rental market snapshot for Oak Creek, Irvine

Oak Creek rental market summary

The rental market in Oak Creek, California is showing signs of growth. In July 2023, there were 51 new listings, a significant increase from the previous month. The median rent also increased from $3,300 in June 2023 to $3,410 in July 2023, representing a 3.3% increase. This is a larger increase than the 4.1% increase from July 2022 to July 2023. This suggests that the rental market in Oak Creek is continuing to grow and that rental prices are increasing.

Overall, the rental market in Oak Creek is looking positive. With more new listings and increasing rental prices, it is a good time for renters to consider the area. With the market continuing to grow, it is likely that rental prices will continue to increase in the coming months.

Median rent for all residential properties in Oak Creek

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

The most expensive listings and top trending buildings in Oak Creek

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

Bedroom Breakdown in Oak Creek

1 Bedroom
$2,718
MEDIAN RENT
2 Bedroom
$3,715
MEDIAN RENT

Oak Creek neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Oak Creek, California, for studios.

The rental market for 1-bedroom apartments in Oak Creek, California is showing signs of growth. In July 2023, there were 6 new 1-bedroom listings, representing an increase in the available rental options. The median rent for 1-bedroom apartments in July 2023 was $2,718, a 4.8% increase from the median rent in June 2023 of $2,592. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.

The rental market for 2-bedroom apartments in Oak Creek, California is showing signs of stability. In July 2023, there were 13 new listings, and the median rent for 2-bedroom apartments remained relatively unchanged from June 2023, increasing by only 1.0%. This suggests that the rental market is not experiencing any significant fluctuations, and that the demand for 2-bedroom apartments is steady.

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 Oak Creek is $3,410.
Made withDataherald