Rental market snapshot for Mid-Cambridge, Cambridge

Mid-Cambridge rental market summary

The rental market in Mid-Cambridge, Massachusetts is showing signs of growth. In July 2023, there were 237 new listings, a significant increase from the previous month. The median rent for the area also increased from $3,000 in June 2023 to $3,025 in July 2023, representing a 0.8% increase. This is a significant increase from the median rent in July 2022, which was $2,795, representing an 8.2% increase. This suggests that the rental market in Mid-Cambridge is becoming increasingly competitive.

The increasing number of listings and rising median rent prices indicate that the rental market in Mid-Cambridge is becoming more attractive to potential tenants. With more options available, tenants can find the perfect rental for their needs. The increasing median rent prices also suggest that landlords are able to charge higher prices for their properties, which can lead to higher profits. As the rental market in Mid-Cambridge continues to grow, it is likely that more people will be drawn to the area in search of a place to call home.

Median rent for all residential properties in Mid-Cambridge

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The most expensive listings and top trending buildings in Mid-Cambridge

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Bedroom Breakdown in Mid-Cambridge

Studio
$2,500
MEDIAN RENT
1 Bedroom
$2,550
MEDIAN RENT
2 Bedroom
$3,325
MEDIAN RENT

Mid-Cambridge neighborhood apartments rents

The rental market for studios in Mid-Cambridge, Massachusetts is showing signs of growth. In June 2023, there was only one new studio listing, but the median rent for studios increased by 4.2% from $2,400 in May 2023 to $2,500 in June 2023. This suggests that demand for studio apartments is increasing, and that the rental market is becoming more competitive.

The rental market for 1-bedroom apartments in Mid-Cambridge, Massachusetts in July 2023 is relatively stable, with only one new listing and a 4.7% decrease in median rent from June 2023 to July 2023. The median rent for 1-bedroom apartments in July 2023 is $2,550, which is slightly lower than the median rent of $2,675 in June 2023. This suggests that the rental market in Mid-Cambridge is relatively stable and that there is a good balance between supply and demand.

The rental market for 2-bedroom apartments in Mid-Cambridge, Massachusetts is showing signs of stability. In July 2023, there were only two new listings, indicating that the market is not experiencing a large influx of new rental units. The median rent for 2-bedroom apartments in July 2023 was $3,325, a slight increase of 1.1% from the median rent in June 2023. This suggests that the rental market is not experiencing significant fluctuations in pricing, indicating that it is a stable market.

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 Mid-Cambridge is $3,025.
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