Rental market snapshot for West Hills, West Hollywood

West Hills rental market summary

The rental market in West Hills, California is showing signs of growth. In July of 2023, there were 52 new listings, which is a significant increase from the previous month. The median rent for the month of July 2023 was $3,770, which is the same as the median rent in June 2023. This indicates that the rental market in West Hills is stable and that prices are not fluctuating significantly.

When comparing the median rent in July 2023 to the median rent in July 2022, there has been a 6.3% increase. This suggests that the rental market in West Hills is growing and that prices are increasing. This could be due to an increase in demand for rental properties in the area, or it could be due to a decrease in the availability of rental properties. Either way, it is clear that the rental market in West Hills is on the rise.

Median rent for all residential properties in West Hills

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The most expensive listings and top trending buildings in West Hills

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Bedroom Breakdown in West Hills

Studio
$1,700
MEDIAN RENT
1 Bedroom
$2,525
MEDIAN RENT
2 Bedroom
$3,995
MEDIAN RENT

West Hills neighborhood apartments rents

The rental market for studios in West Hills, California is showing signs of improvement. In May 2023, there was only one new studio listing, indicating that the market is becoming more competitive. The median rent for studios in May 2023 was $1,700, a decrease of 14.8% from the median rent in March 2023 of $1,995. This suggests that the rental market is becoming more affordable for tenants, and that landlords are becoming more willing to negotiate on rent prices.

The rental market for 1-bedroom apartments in West Hills, California is expected to remain strong in June 2022, with four new listings entering the market. The median rent for 1-bedroom apartments is expected to increase by 9.8% from May 2022 to June 2022, from $2,300 to $2,525. This indicates that demand for 1-bedroom apartments in West Hills is likely to remain high, and that renters should expect to pay more for their rental in June 2022 than they did in May 2022.

The rental market for 2-bedroom apartments in West Hills, California appears to be relatively stable, with only one new listing in April 2023 and a median rent of $3,995. Unfortunately, no data is available for the median rent in March 2023, so it is not possible to determine the percent change in rent from March to April. Overall, it appears that the rental market for 2-bedroom apartments in West Hills is relatively stable and consistent.

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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 West Hills is $3,770.
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