Rental market snapshot for Montecito Heights, Los Angeles

Montecito Heights rental market summary

The rental market in Montecito Heights, California is showing signs of growth. In July 2023, there were 74 new listings, a significant increase from the previous month. The median rent in July 2023 was $2,795, a 5.1% increase from the previous month and a 16.5% increase from July 2022. This indicates that the rental market in Montecito Heights is becoming increasingly competitive, with more people looking to rent in the area.

The increasing demand for rental properties in Montecito Heights is likely due to the area's desirable location and amenities. The area is close to downtown Los Angeles, making it an ideal place to live for those who want to be close to the city but still have access to the outdoors. Additionally, the area is home to a variety of restaurants, shops, and entertainment venues, making it a great place to live for those who want to be close to the action. With the increasing demand for rental properties in the area, it is likely that the median rent will continue to rise in the coming months.

Median rent for all residential properties in Montecito Heights

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The most expensive listings and top trending buildings in Montecito Heights

Most Expensive Listings

AddressRent PriceBed / Bath
2324 Alta St$3,5952 / 2.0
2311 Pasadena Ave$3,4001 / 1.0
1836 N Sichel St$3,1503 / 3.0
2103 Eastlake Ave$3,1003 / 2.0
3337 Griffin Ave$3,1001 / 1.0

Top Trending Buildings

We currently do not have this data but we are working to add this soon.

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Bedroom Breakdown in Montecito Heights

Studio
$1,575
MEDIAN RENT
1 Bedroom
$2,162
MEDIAN RENT
2 Bedroom
$2,275
MEDIAN RENT

Montecito Heights neighborhood apartments rents

The rental market for studios in Montecito Heights, California, remains relatively stable in July 2023, with only one new studio listing and no change in median rent from June 2023 to July 2023. The median rent for studios in July 2023 is $1,575, which is the same as the median rent in June 2023. This indicates that the rental market for studios in Montecito Heights is not experiencing any significant changes in the short-term.

The rental market for 1-bedroom apartments in Montecito Heights, California appears to be stable, with only two new listings in July 2023. The median rent for 1-bedroom apartments in July 2023 was $2,162, indicating that the rental market is still relatively strong. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for 1-bedroom apartments in Montecito Heights appears to be stable.

The rental market for 2-bedroom apartments in Montecito Heights, California is relatively stable. In May 2023, there were only two new listings, and the median rent was $2,275, which is a 12.5% decrease from the median rent in April 2023 of $2,600. This suggests that the rental market is not experiencing any significant changes in the short-term.

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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 Montecito Heights is $2,795.
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