Rental market snapshot for Gage Park, Chicago

Gage Park rental market summary

The rental market in Gage Park, Illinois is showing signs of growth. In July 2023, there were 27 new listings, indicating an increase in demand for rental properties. The median rent in July 2023 was $1,595, the same as the median rent in June 2023. This suggests that the rental market is stable and that prices are not fluctuating significantly. However, when compared to the median rent in July 2022, there has been a 63.6% increase in rent, indicating a strong upward trend in the rental market.

Overall, the rental market in Gage Park, Illinois is showing signs of growth. The number of new listings and the median rent have both increased over the past year, indicating that the demand for rental properties is increasing. This could be due to a variety of factors, such as an influx of new residents or an increase in job opportunities. Regardless, it is clear that the rental market in Gage Park is on the rise.

Median rent for all residential properties in Gage Park

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The most expensive listings and top trending buildings in Gage Park

Most Expensive Listings

AddressRent PriceBed / Bath
3520 W 59th St$1,6003 / 1.0
5353 South Sacramento Avenue$1,5953 / 1.0
3055 W 55th St$1,4003 / 1.0
2230 W Garfield Blvd$1,3002 / 1.0
3014 W 59th St$1,2002 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$1,000

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Bedroom Breakdown in Gage Park

Studio
$725
MEDIAN RENT
1 Bedroom
$1,000
MEDIAN RENT
2 Bedroom
$1,200
MEDIAN RENT

Gage Park neighborhood apartments rents

The rental market for studios in Gage Park, Illinois is showing signs of a slight decrease in rent prices. In February 2023, there was only one new studio listing, and the median rent for studios decreased by 9.4% from $800 in January 2023 to $725 in February 2023. This could indicate that the rental market is becoming more competitive, as fewer new listings are being added and prices are dropping.

The rental market for 1-bedroom apartments in Gage Park, Illinois is relatively stable. In May 2023, there were two new 1-bedroom listings, and the median rent was $1,000. This is a 3.4% decrease from the median rent in April 2023, which was $1,035. This suggests that the rental market is not experiencing significant fluctuations in prices, and that the market is relatively stable.

The rental market for 2-bedroom apartments in Gage Park, Illinois is relatively stable. In April 2023, there was only one new listing, and the median rent for 2-bedroom apartments remained virtually unchanged from the previous month, decreasing by only .4%. This suggests that the rental market in Gage Park is not experiencing any significant changes in terms of availability or pricing.

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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 Gage Park is $1,595.
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