Rental market snapshot for University Town Center, Irvine

University Town Center rental market summary

The rental market in University Town Center, California is showing signs of growth. In July 2023, there were 31 new listings, a significant increase from the previous month. The median rent in July 2023 was $3,155, an 11.5% increase from June 2023 and a 0.3% increase from July 2022. This indicates that the rental market in University Town Center is becoming increasingly competitive, with more people looking to rent in the area.

The increasing demand for rental properties in University Town Center is likely due to the area's desirable location and amenities. The area is close to universities, shopping centers, and other attractions, making it an attractive option for renters. Additionally, the area has seen an influx of new businesses, which has created more job opportunities and increased the demand for rental properties. As the rental market in University Town Center continues to grow, it is likely that the median rent will continue to increase as well.

Median rent for all residential properties in University Town Center

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The most expensive listings and top trending buildings in University Town Center

Most Expensive Listings

AddressRent PriceBed / Bath
1100 Stanford$3,6902 / 2.0
307 Berkeley Ave$3,6152 / 2.0
55 Exeter$3,6002 / 2.5
1100 Stanford$3,5852 / 2.0
307 Berkeley Ave$3,5352 / 2.0

Top Trending Buildings

building nameavg rent price
TICAC$2,697

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Bedroom Breakdown in University Town Center

Studio
$2,550
MEDIAN RENT
1 Bedroom
$2,705
MEDIAN RENT
2 Bedroom
$3,500
MEDIAN RENT

University Town Center neighborhood apartments rents

The rental market for studios in University Town Center, California appears to be relatively stable. In June 2023, there were two new studio listings, and the median rent for studios was $2,550. Unfortunately, no data is available for the median rent in May 2023, so it is not possible to calculate the percent change in rent from May to June. Overall, the rental market for studios in University Town Center appears to be relatively stable.

The rental market for 1-bedroom apartments in University Town Center, California is showing signs of growth. In July 2023, there were 7 new 1-bedroom listings, representing a 1.7% increase in median rent from June 2023. The median rent for 1-bedroom apartments in July 2023 was $2,705, indicating that the rental market is on the rise. This is good news for potential renters looking for a 1-bedroom apartment in University Town Center, California.

The rental market for 2-bedroom apartments in University Town Center, California is showing signs of growth. In July 2023, there were 10 new 2-bedroom listings, representing a 2.9% increase in median rent from June 2023. The median rent for 2-bedroom apartments in July 2023 was $3,500, indicating that the rental market is on the rise. This is good news for potential renters looking for a 2-bedroom apartment in University Town Center, California.

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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 University Town Center is $3,155.
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