Rental market snapshot for Hillcrest, Boise City
Hillcrest rental market summary
The rental market in Hillcrest, Idaho is showing signs of growth. In July 2023, there were 34 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,375, a 1.9% increase from the previous month and a 13.8% increase from July 2022. This indicates that the rental market in Hillcrest is becoming increasingly competitive and that demand for rental properties is on the rise.
The increasing median rent in Hillcrest is likely due to the growing population and the limited availability of rental properties. With more people looking for a place to live, the competition for rental properties is increasing, driving up prices. This trend is likely to continue in the coming months, as the demand for rental properties continues to grow.
Median rent for all residential properties in Hillcrest
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The most expensive listings and top trending buildings in Hillcrest
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
5055 W Targee St | $1,595 | 2 / 1.5 |
5315 W Malad St | $1,550 | 2 / 1.0 |
2265 S Pond St | $1,500 | 2 / 1.0 |
2267 S Pond St | $1,500 | 2 / 1.0 |
4141 W Nez Perce St | $1,445 | 2 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
11Residential Inc. | $1,375 |
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Bedroom Breakdown in Hillcrest
Hillcrest neighborhood apartments rents
The rental market for studios in Hillcrest, Idaho is relatively stable. In December 2022, there will be only one new studio listing, and the median rent for studios will remain the same as it was in November 2022 at $500. This indicates that the rental market for studios in Hillcrest is not experiencing any significant changes in terms of rent prices, suggesting that the market is relatively stable.
The rental market for 1-bedroom apartments in Hillcrest, Idaho appears to be stable, with only two new listings in July 2023. The median rent for 1-bedroom apartments in July 2023 was $1,375, indicating that the rental market is not experiencing any significant changes in pricing. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for 1-bedroom apartments in Hillcrest, Idaho appears to be stable.
The rental market for 2-bedroom apartments in Hillcrest, Idaho is showing signs of growth. In July 2023, there were two new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $1,445, which is a 9.4% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Hillcrest, Idaho is looking positive.