Rental market snapshot for South Lake Morton, Lakeland

South Lake Morton rental market summary

The rental market in South Lake Morton, Florida is showing signs of growth. In July 2023, there were 13 new listings, a sign that the rental market is expanding. The median rent in July 2023 was $1,600, a 1.5% decrease from the previous month. However, compared to July 2022, the median rent has increased by 15.6%, indicating that the rental market is becoming more competitive. This is likely due to an influx of new renters looking for affordable housing in the area.

Overall, the rental market in South Lake Morton, Florida is showing signs of growth and stability. With the number of new listings increasing and the median rent increasing year-over-year, it is likely that the rental market will continue to expand in the coming months. This is good news for renters looking for affordable housing in the area.

Median rent for all residential properties in South Lake Morton

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The most expensive listings and top trending buildings in South Lake Morton

Most Expensive Listings

AddressRent PriceBed / Bath
905 Pennsylvania Ave$1,8002 / 2.0
754 Johnson Ave$1,6002 / 1.0
764 Johnson Ave$1,6002 / 1.0
944 Lexington St$1,0001 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$1,195

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Bedroom Breakdown in South Lake Morton

Studio
$1,100
MEDIAN RENT
1 Bedroom
$1,195
MEDIAN RENT
2 Bedroom
$1,612
MEDIAN RENT

South Lake Morton neighborhood apartments rents

The rental market for studios in South Lake Morton, Florida appears to be relatively stable, with only one new studio listing in December 2022. The median rent for studios in December 2022 is $1,100, which suggests that the rental market is not experiencing any significant changes. Unfortunately, no data is available for October 2022, so it is not possible to determine the percent change in rent from October 2022 to December 2022. Overall, the rental market for studios in South Lake Morton, Florida appears to be relatively stable.

The rental market for 1-bedroom apartments in South Lake Morton, Florida appears to be relatively stable, with only one new listing in February 2023 and a median rent of $1,195. Unfortunately, no data is available for January 2023, so it is not possible to determine the percent change in rent from that month. Overall, the rental market for 1-bedroom apartments in South Lake Morton appears to be relatively steady.

The rental market for 2-bedroom apartments in South Lake Morton, Florida appears to be stable, with only two new listings in May 2023 and a median rent of $1,612. Unfortunately, no data is available for April 2023, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for 2-bedroom apartments in South Lake Morton appears to be steady.

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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 South Lake Morton is $1,600.
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