Rental market snapshot for Forest Park, Springfield

Forest Park rental market summary

The rental market in Forest Park, Massachusetts is showing signs of growth. In July of 2023, there were 33 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,400, which is a 7.7% increase from the median rent in July 2022. This indicates that the rental market in Forest Park is becoming increasingly competitive, with more people looking to rent in the area.

The median rent in June 2023 was $1,395, a slight 0.4% increase from the previous month. This suggests that the rental market in Forest Park is stabilizing, with rents not increasing drastically month-to-month. Overall, the rental market in Forest Park is showing signs of growth, with more listings and increasing rents.

Median rent for all residential properties in Forest Park

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The most expensive listings and top trending buildings in Forest Park

Most Expensive Listings

AddressRent PriceBed / Bath
447 Trafton Rd$2,8003 / 1.5
48 Smithfield Ct$2,5002 / 2.5
54 Washington Rd$2,0002 / 1.0
70 Belmont Ave$1,6503 / 1.0
658 Sumner Ave$1,6003 / 1.0

Top Trending Buildings

building nameavg rent price
CT Metro Holdings$1,395
Schweb Partners$1,095

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Bedroom Breakdown in Forest Park

Studio
$1,100
MEDIAN RENT
1 Bedroom
$1,245
MEDIAN RENT
2 Bedroom
$1,250
MEDIAN RENT

Forest Park neighborhood apartments rents

The rental market for studios in Forest Park, Massachusetts appears to be relatively stable, with only one new listing in July 2023 and a median rent of $1,100. 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, it appears that the rental market for studios in Forest Park is relatively stable and consistent.

The rental market for 1-bedroom apartments in Forest Park, Massachusetts in July 2023 is relatively stable. There were only two new listings in the month, and the median rent remained the same as the previous month at $1,245. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.

The rental market for 2-bedroom apartments in Forest Park, Massachusetts, in July 2023 is relatively stable. There were only two new listings in the month, and the median rent remained the same as the previous month at $1,250. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.

Explore other Springfield Neighborhoods

We currently do not have this data but we are working to add this soon.

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 Forest Park is $1,400.
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