Rental market snapshot for Petworth, Washington
Petworth rental market summary
The rental market in Petworth, District of Columbia, is showing signs of growth. In July 2023, there were 62 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $3,100, a 25.7% increase from the previous month and a 12.1% increase from the same time last year. This suggests that the rental market in Petworth is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Petworth is likely due to its close proximity to the city center and its many amenities. With its vibrant nightlife, diverse restaurants, and easy access to public transportation, Petworth is becoming an increasingly attractive option for renters. As the rental market continues to grow, it is likely that rents will continue to rise in the area.
Median rent for all residential properties in Petworth
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The most expensive listings and top trending buildings in Petworth
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1322 Shepherd St NW | $5,300 | 4 / 2.5 |
4520 Georgia Ave NW | $5,030 | 4 / 2.0 |
4605 Blagden Ter NW | $4,990 | 4 / 3.0 |
3650 11th St NW | $4,700 | 4 / 3.5 |
1524 Buchanan St NW | $4,250 | 4 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Bernstein Management Corp. | $2,573 |
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Bedroom Breakdown in Petworth
Petworth neighborhood apartments rents
The rental market for studios in Petworth, District of Columbia, is expected to remain relatively stable in the coming months. In June 2023, there will be only one new studio listing, indicating that the market is not likely to experience a significant influx of new rental units. The median rent for studios in April 2023 was $1,322, and this is expected to decrease slightly to $1,285 in June 2023, representing a 2.8% decrease. This suggests that the rental market for studios in Petworth is likely to remain steady in the near future.
The rental market for 1-bedroom apartments in Petworth, District of Columbia, is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, and the median rent for 1-bedroom apartments increased by 22.1% from June 2023 to July 2023, from $2,235 to $2,730. This indicates that demand for 1-bedroom apartments in Petworth is increasing, and that the rental market is likely to continue to grow in the coming months.
The rental market for 2-bedroom apartments in Petworth, District of Columbia, is showing signs of growth. In June 2023, there was only one new 2-bedroom listing, but the median rent for 2-bedroom apartments increased by 2.2% from April 2023 to June 2023, from $2,965 to $3,030. This suggests that demand for 2-bedroom apartments is increasing, and that the rental market is becoming more competitive.