Rental market snapshot for Mansion Area, Albany

Mansion Area rental market summary

The rental market in Mansion Area, New York is showing signs of growth. In July 2023, there were 19 new listings, representing an increase in available rental units. The median rent for the area has also increased significantly over the past year, with a 50% jump from June to July 2023 and a 28.6% increase from July 2022 to July 2023. This indicates that the rental market in Mansion Area is becoming increasingly competitive, with more people looking to rent in the area and landlords able to increase their asking prices.

The increased demand for rental units in Mansion Area is likely due to its attractive location and amenities. The area is close to many popular attractions, restaurants, and shopping centers, making it an ideal place to live for those looking for a convenient and comfortable lifestyle. With the increasing number of listings and rising rents, it is likely that the rental market in Mansion Area will continue to be strong in the coming months and years.

Median rent for all residential properties in Mansion Area

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The most expensive listings and top trending buildings in Mansion Area

Most Expensive Listings

AddressRent PriceBed / Bath
5 Madison Pl$2,9953 / 2.0
92 Grand St$2,0504 / 2.0
130 S Pearl St$1,9002 / 1.5
44 Park Ave$1,3503 / 1.0
181 Eagle St$1,2001 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$1,033

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Bedroom Breakdown in Mansion Area

1 Bedroom
$1,000
MEDIAN RENT
2 Bedroom
$1,195
MEDIAN RENT

Mansion Area neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Mansion Area, New York, for studios.

The rental market for 1-bedroom apartments in Mansion Area, New York is showing signs of growth. In May 2023, there were 9 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in May 2023 was $1,000, though the percent change in rent from April 2023 is not known. This suggests that the rental market is becoming more competitive, as more people are looking for 1-bedroom apartments in the area.

The rental market for 2-bedroom apartments in Mansion Area, New York is showing signs of growth. In May 2023, there were 5 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in May 2023 was $1,195, a 40.1% decrease from the median rent in April 2023 of $1,995. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.

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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 Mansion Area is $1,800.
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