Rental market snapshot for West Park, Irvine
West Park rental market summary
The rental market in West Park, California is showing signs of growth. In July of 2023, there were 106 new listings, a significant increase from the previous month. The median rent also increased from $3,220 in June to $3,290 in July, a 2.2% increase. This is even more impressive when compared to the median rent in July of 2022, which was $3,180, a 3.5% increase. This suggests that the rental market in West Park is becoming more competitive and that prices are rising.
Overall, the rental market in West Park is looking positive. With more listings and rising prices, it is an attractive option for renters looking for a new home. With the continued growth of the rental market, it is likely that West Park will remain a desirable place to live for many years to come.
Median rent for all residential properties in West Park
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The most expensive listings and top trending buildings in West Park
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1 Avignon | $8,490 | 4 / 3.0 |
| 3652 Fenn St | $5,600 | 4 / 3.5 |
| 9 Estrella | $4,750 | 3 / 2.5 |
| 500 Cardiff | $4,710 | 3 / 2.5 |
| 500 Cardiff | $4,335 | 3 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| TICAC | $2,775 |
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Bedroom Breakdown in West Park
West Park neighborhood apartments rents
The rental market for studios in West Park, California is showing signs of a slight decrease in rent prices. In July 2023, there were two new studio listings, and the median rent for studios was $2,328, which is 7.5% lower than the median rent in June 2023, which was $2,515. This suggests that the rental market for studios in West Park is becoming more competitive, and renters may be able to find better deals in the near future.
The rental market for 1-bedroom apartments in West Park, California is showing signs of stability. In July 2023, there were 14 new 1-bedroom listings, and the median rent for 1-bedroom apartments only decreased by .5% from June 2023 to July 2023, from $2,730 to $2,715. This indicates that the rental market is not experiencing any major fluctuations, and that the prices of 1-bedroom apartments are staying relatively consistent.
The rental market for 2-bedroom apartments in West Park, California is showing signs of growth. In July 2023, there were 31 new 2-bedroom listings, a 2.4% increase in median rent from June 2023 to July 2023, and a median rent of $3,310. This indicates that the rental market for 2-bedroom apartments in West Park is becoming more competitive and that demand is increasing.