Rental market snapshot for The Port - Area 4, Cambridge

The Port - Area 4 rental market summary

The rental market in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 163 new listings, a 10% increase from the same time last year. The median rent has also increased by 10%, from $4,138 in July 2022 to $4,550 in July 2023. This is a 1.1% increase from the previous month.

The rental market in The Port - Area 4, Massachusetts is becoming increasingly competitive. With more listings and higher rents, it is becoming more difficult for renters to find affordable housing. As the demand for rental properties continues to increase, it is likely that rents will continue to rise in the future.

Median rent for all residential properties in The Port - Area 4

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The most expensive listings and top trending buildings in The Port - Area 4

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Bedroom Breakdown in The Port - Area 4

Studio
$3,380
MEDIAN RENT
1 Bedroom
$3,935
MEDIAN RENT
2 Bedroom
$3,492
MEDIAN RENT

The Port - Area 4 neighborhood apartments rents

The rental market for studios in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 3 new studio listings, representing a 1.5% increase in median rent from June 2023. The median rent for studios in July 2023 was $3,380, indicating that the rental market is on the rise. This is a positive sign for potential renters in the area, as it suggests that the rental market is becoming more competitive and that prices are increasing.

The rental market for 1-bedroom apartments in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, representing an increase in the available rental options. The median rent for 1-bedroom apartments in July 2023 was $3,935, a 7.6% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.

The rental market for 2-bedroom apartments in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, a 33.1% increase in median rent from June 2023 to July 2023, and a median rent of $3,492. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.

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 The Port - Area 4 is $4,550.
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