Rental market snapshot for West Shore Palms, Tampa
West Shore Palms rental market summary
The rental market in West Shore Palms, Florida is showing signs of growth. In July 2023, there were 37 new listings, a significant increase from the previous month. The median rent also increased from $2,790 in June 2023 to $3,695 in July 2023, representing a 32.4% increase. This is a much larger increase than the 60.7% increase from July 2022 to July 2023. This indicates that the rental market in West Shore Palms is growing at a rapid rate.
Overall, the rental market in West Shore Palms is looking very promising. With more new listings and increasing median rents, it is a great time to invest in the area. With the right strategy, investors can take advantage of the current market conditions and make a good return on their investment.
Median rent for all residential properties in West Shore Palms
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The most expensive listings and top trending buildings in West Shore Palms
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
4515 W North A St unit 1 | $8,000 | 3 / 3.0 |
4311 W Fig St | $6,350 | 3 / 3.5 |
4215 W North A St unit 4 | $5,500 | 3 / 4.0 |
4215 W North A St | $5,400 | 3 / 4.0 |
4302 W Carmen St | $4,400 | 3 / 3.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Park Pointe Properties | $1,300 |
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Bedroom Breakdown in West Shore Palms
West Shore Palms neighborhood apartments rents
The rental market for studios in West Shore Palms, Florida appears to be stable, with only two new listings in October 2020. The median rent for studios in October 2020 was $1,001, though the median rent for September 2020 is not available. Therefore, it is not possible to determine the percent change in rent from September 2020 to October 2020. Overall, the rental market for studios in West Shore Palms appears to be steady.
The rental market for 1-bedroom apartments in West Shore Palms, Florida is showing signs of improvement. In June 2023, there was only one new 1-bedroom listing, but the median rent decreased by 18.5% from May 2023 to June 2023, from $1,595 to $1,300. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 2-bedroom apartments in West Shore Palms, Florida is showing signs of growth. In July 2023, there were 4 new 2-bedroom listings, representing a 13.9% increase in rent from June 2023. The median rent for 2-bedroom apartments in July 2023 was $2,150, indicating that the rental market is on the rise. With the increasing demand for 2-bedroom apartments, it is likely that the rental market in West Shore Palms will continue to grow in the coming months.