Rental market snapshot for Old Northwest - West University, Reno

Old Northwest - West University rental market summary

The rental market in Old Northwest - West University, Nevada is showing signs of growth. In July 2023, there were 167 new listings, a 37.5% increase from the previous month. This indicates that the rental market in this area is becoming increasingly competitive. The median rent in July 2023 was $1,575, a 19.2% increase from the same time last year. This suggests that rental prices in the area are on the rise, likely due to increased demand.

Overall, the rental market in Old Northwest - West University, Nevada appears to be healthy and growing. With more new listings and rising rents, it is a great time for landlords to invest in the area. With the right strategies, landlords can capitalize on the current market conditions and maximize their returns.

Median rent for all residential properties in Old Northwest - West University

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The most expensive listings and top trending buildings in Old Northwest - West University

Most Expensive Listings

AddressRent PriceBed / Bath
780 West St$5,4006 / 3.0
2924 Bryan St$5,2004 / 2.5
46 Raymond Dr$3,6006 / 3.0
1205 Valley Rd$3,1504 / 2.0
2150 Ives Ave$3,1505 / 3.0

Top Trending Buildings

building nameavg rent price
MJD DEVELOPMENT LLC$1,325

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Bedroom Breakdown in Old Northwest - West University

Studio
$974
MEDIAN RENT
1 Bedroom
$1,325
MEDIAN RENT
2 Bedroom
$1,499
MEDIAN RENT

Old Northwest - West University neighborhood apartments rents

The rental market for studios in Old Northwest - West University, Nevada is showing signs of growth. In April 2023, there were two new studio listings, indicating an increase in demand for rental units in the area. The median rent for studios in April 2023 was $974, a 25.0% decrease from the median rent in March 2023, which was $1,300. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for studios in Old Northwest - West University, Nevada appears to be on the rise.

The rental market for 1-bedroom apartments in Old Northwest - West University, Nevada is showing signs of growth. In July 2023, there was only one new listing, but the median rent for 1-bedroom apartments increased by 32.5% from June 2023 to July 2023, from $1,000 to $1,325. This suggests that demand for 1-bedroom apartments is increasing, and that the rental market in Old Northwest - West University is likely to continue to grow in the coming months.

The rental market for 2-bedroom apartments in Old Northwest - West University, Nevada is relatively stable. In July 2023, there was only one new listing, and the median rent for 2-bedroom apartments increased by 1.6% from June 2023 to July 2023, from $1,475 to $1,499. This suggests that the rental market is not experiencing any significant changes in the near future.

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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 Old Northwest - West University is $1,575.
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