Rental market snapshot for Bancroft, Minneapolis

Bancroft rental market summary

The rental market in Bancroft, Minnesota is showing signs of growth. In July 2023, there were 14 new listings, indicating an increase in demand for rental properties. The median rent for the month of July 2023 was $1,100, a 22.9% increase from the previous month and an 8.3% increase from the same period in the previous year. This suggests that the rental market in Bancroft is becoming more competitive and that rental prices are on the rise.

The increasing number of new listings and the rising median rent indicate that the rental market in Bancroft is becoming more attractive to potential tenants. This could be due to the area's growing population, the availability of jobs, or the increasing demand for rental properties. Regardless, it is clear that the rental market in Bancroft is becoming increasingly competitive and that rental prices are likely to continue to rise in the near future.

Median rent for all residential properties in Bancroft

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The most expensive listings and top trending buildings in Bancroft

Most Expensive Listings

AddressRent PriceBed / Bath
4017 18th Ave S$2,3003 / 2.0
3904 14th Ave S$2,1953 / 2.0
4153 Chicago Ave S$1,3252 / 1.0
4035 Bloomington Ave$9951 / 1.0
1818 E 41st St$8951 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$1,128

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Bedroom Breakdown in Bancroft

Studio
$825
MEDIAN RENT
1 Bedroom
$1,128
MEDIAN RENT
2 Bedroom
$1,200
MEDIAN RENT

Bancroft neighborhood apartments rents

The rental market for studios in Bancroft, Minnesota appears to be relatively stable, with only two new listings in September 2022. The median rent for studios in September 2022 is $825, though the median rent for August 2022 is not available. Therefore, it is not possible to determine the percent change in rent from August 2022 to September 2022. Overall, the rental market for studios in Bancroft, Minnesota appears to be relatively stable.

The rental market for 1-bedroom apartments in Bancroft, Minnesota appears to be stable, with only two new listings in September 2022. The median rent for 1-bedroom apartments in September 2022 is $1,128, indicating that the rental market is not experiencing any significant changes in pricing. It is unclear what the median rent was in August 2022, or what the percent change in rent was from August 2022 to September 2022. Overall, the rental market for 1-bedroom apartments in Bancroft, Minnesota appears to be stable.

The rental market for 2-bedroom apartments in Bancroft, Minnesota is showing signs of improvement. In May 2023, there were 3 new 2-bedroom listings, and the median rent decreased by 14.6% from April 2023 to May 2023, from $1,405 to $1,200. This indicates that the rental market is becoming more affordable for those looking for 2-bedroom apartments in Bancroft.

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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 Bancroft is $1,100.
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