Rental market snapshot for Belknap Lookout, Grand Rapids

Belknap Lookout rental market summary

The rental market in Belknap Lookout, Michigan is showing signs of growth. In July 2023, there were 38 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,449, which is 6.5% higher than the median rent in June 2023 and 11.5% higher than the median rent in July 2022. This suggests that the rental market is becoming more competitive and that prices are increasing.

Overall, the rental market in Belknap Lookout, Michigan is on the rise. With more new listings and increasing prices, it is becoming a more attractive option for renters. As the market continues to grow, it is likely that rental prices will continue to rise, making it a great investment opportunity for landlords.

Median rent for all residential properties in Belknap Lookout

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The most expensive listings and top trending buildings in Belknap Lookout

Most Expensive Listings

AddressRent PriceBed / Bath
600 Monroe Ave NW$3,8002 / 2.0
940 Monroe Ave NW$2,2502 / 1.5
940 Monroe Ave NW$2,1002 / 1.0
201 Michigan St NW$2,0102 / 2.0
940 Monroe Ave NW$1,7001 / 1.0

Top Trending Buildings

building nameavg rent price
Red Tail Residential$1,510

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Bedroom Breakdown in Belknap Lookout

Studio
$1,090
MEDIAN RENT
1 Bedroom
$1,510
MEDIAN RENT
2 Bedroom
$2,010
MEDIAN RENT

Belknap Lookout neighborhood apartments rents

The rental market for studios in Belknap Lookout, Michigan appears to be relatively stable, with only two new listings in February 2023 and a median rent of $1,090. Unfortunately, no data is available for January 2023, so it is not possible to determine the percent change in rent from that month. Overall, the rental market for studios in Belknap Lookout appears to be relatively steady.

The rental market for 1-bedroom apartments in Belknap Lookout, Michigan is showing signs of growth. In June 2023, there were two new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in June 2023 was $1,510, a 37.3% increase from the median rent in May 2023 of $1,100. This suggests that the rental market is becoming more competitive, with landlords able to charge higher prices for their units.

The rental market for 2-bedroom apartments in Belknap Lookout, Michigan is relatively stable, with only one new listing in July 2023. The median rent for 2-bedroom apartments in July 2023 is $2,010, which is a 24.2% decrease from the median rent in June 2023 of $2,650. This suggests that the rental market is not experiencing any significant changes in the short-term.

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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 Belknap Lookout is $1,449.
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