Rental market snapshot for Friendship Heights, Washington

Friendship Heights rental market summary

The rental market in Friendship Heights, District of Columbia, is showing signs of growth. In July 2023, there were 13 new listings, indicating an increase in demand for rental properties. The median rent in July 2023 was $2,400, a 4.0% increase from the previous month and a 2.0% increase from the same time last year. This suggests that the rental market in Friendship Heights is becoming more competitive, with prices increasing as more people look to rent in the area.

Overall, the rental market in Friendship Heights appears to be healthy and growing. With more listings and increasing rents, it is a great time for landlords to invest in the area. With the right property and rental strategy, landlords can capitalize on the growing demand for rental properties in Friendship Heights.

Median rent for all residential properties in Friendship Heights

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The most expensive listings and top trending buildings in Friendship Heights

Most Expensive Listings

AddressRent PriceBed / Bath
4226 Fessenden St NW$7,5007 / 4.0
4600 Wisconsin Ave NW$3,4002 / 2.0
4710 41st St NW$2,6502 / 2.0
4600 Wisconsin Ave NW$2,4001 / 1.0
4600 Wisconsin Ave NW$2,3001 / 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 Friendship Heights

Studio
$1,850
MEDIAN RENT
1 Bedroom
$2,350
MEDIAN RENT
2 Bedroom
$3,400
MEDIAN RENT

Friendship Heights neighborhood apartments rents

The rental market for studios in Friendship Heights, District of Columbia, is showing a slight increase in March 2022. There is only one new studio listing in March 2022, but the median rent for studios has increased by 1.4% from February 2022 to March 2022, from $1,825 to $1,850. This indicates that the rental market for studios in Friendship Heights is slowly improving, and that demand for studio apartments is increasing.

The rental market for 1-bedroom apartments in Friendship Heights, District of Columbia, is expected to remain relatively stable in July 2023. There were only two new 1-bedroom listings in July 2023, indicating that the market is not likely to experience a significant influx of new rental units. The median rent for 1-bedroom apartments in July 2023 is $2,350, which is a 2.5% increase from the median rent in May 2023. This suggests that the rental market in Friendship Heights is likely to remain steady in the near future.

The rental market for 2-bedroom apartments in Friendship Heights, District of Columbia, remains relatively stable. In July 2023, there was only one new 2-bedroom listing, and the median rent for 2-bedroom apartments stayed the same as it was in June 2023, at $3,400. This indicates that the rental market for 2-bedroom apartments in Friendship Heights is not experiencing any significant changes in terms of rent prices.

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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 Friendship Heights is $2,400.
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