Rental market snapshot for Upper Vailsburg, Newark
Upper Vailsburg rental market summary
The rental market in Upper Vailsburg, New Jersey is showing signs of growth. In July 2023, there were 98 new listings, a 4.1% increase from the same time last year. The median rent for the area has also increased, with a 1.4% jump from June to July and a 4.1% increase from July 2022. This indicates that the rental market in Upper Vailsburg is becoming more competitive, with more people looking to rent in the area.
Overall, the rental market in Upper Vailsburg is on the rise. With more new listings and increasing median rent prices, it is becoming a more attractive option for renters. This is good news for landlords and property owners, as they can expect to see higher returns on their investments. With the current trend of growth, it is likely that the rental market in Upper Vailsburg will continue to improve in the coming months.
Median rent for all residential properties in Upper Vailsburg
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The most expensive listings and top trending buildings in Upper Vailsburg
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 22 Cedar Ave | $3,000 | 4 / 2.5 |
| 41 Chelsea Ave | $2,500 | 4 / 1.0 |
| 130 Isabella Ave | $2,450 | 4 / 2.0 |
| 17 S Munn Ave | $2,300 | 2 / 1.0 |
| 223 Stuyvesant Ave | $2,300 | 4 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,250 |
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Bedroom Breakdown in Upper Vailsburg
Upper Vailsburg neighborhood apartments rents
The rental market for studios in Upper Vailsburg, New Jersey appears to be stable, with only one new studio listing in December 2022. The median rent for studios in December 2022 is $1,200, indicating that the rental market is not experiencing any significant changes in pricing. Unfortunately, no data is available for the median rent in November 2022 or the percent change in rent from November 2022 to December 2022. Overall, the rental market for studios in Upper Vailsburg appears to be relatively stable.
The rental market for 1-bedroom apartments in Upper Vailsburg, New Jersey, is showing signs of improvement. In May 2023, there were two new 1-bedroom listings, and the median rent decreased by 13.8% from April 2023 to May 2023, from $1,450 to $1,250. This suggests that the rental market is becoming more competitive, and renters may be able to find better deals in the area.
The rental market for 2-bedroom apartments in Upper Vailsburg, New Jersey is showing signs of stability. In May 2023, there were 5 new 2-bedroom listings, with a median rent of $1,650. This is a 5.7% decrease from the median rent of $1,750 in April 2023. This suggests that the rental market is stabilizing, with rents remaining relatively consistent.