Rental market snapshot for Lake Somerset, Lakeland

Lake Somerset rental market summary

The rental market in Lake Somerset, Florida is showing signs of growth. In July 2023, there were 63 new listings, a significant increase from the previous month. The median rent in July 2023 was $2,045, a 13.9% increase from the previous month and a 13.6% increase from the same time last year. This suggests that the rental market in Lake Somerset is becoming more competitive and that demand for rental properties is increasing.

The increasing median rent in Lake Somerset is likely due to the growing population in the area. With more people looking for rental properties, landlords are able to increase their prices and demand higher rents. This is likely to continue as the population continues to grow, and the rental market in Lake Somerset is likely to remain competitive in the coming months.

Median rent for all residential properties in Lake Somerset

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The most expensive listings and top trending buildings in Lake Somerset

Most Expensive Listings

AddressRent PriceBed / Bath
1534 Lagoon Rd$2,5003 / 2.0
1653 Turtle Rock Drive$2,0453 / 2.0
1624 Park Dr$1,8003 / 1.0
2909 Bellwood Avenue$1,7953 / 2.0
3625 New Jersey Rd$1,5502 / 2.0

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 Lake Somerset

2 Bedroom
$1,550
MEDIAN RENT

Lake Somerset neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Lake Somerset, Florida, for studios.

Uh-oh! Looks like we don't have any data in Lake Somerset, Florida, for 1-bedroom apartments.

The rental market for 2-bedroom apartments in Lake Somerset, Florida, remains steady in July 2023 with no change in median rent from the previous month. There were only two new listings in July, indicating that the market is relatively stable. With no change in median rent, it appears that the rental market for 2-bedroom apartments in Lake Somerset is not experiencing any significant fluctuations.

Explore other Lakeland Neighborhoods

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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 Lake Somerset is $2,045.
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