Rental market snapshot for Fordham, Bronx
Fordham rental market summary
The rental market in Fordham, New York is showing signs of growth. In July 2023, there were 61 new listings, a 5.7% increase from the previous month. This is a significant increase from the same time last year, when there were only 47 new listings. The median rent in July 2023 was $2,500, a 29.4% increase from the same time last year when the median rent was $1,932. This indicates that the rental market in Fordham is becoming increasingly competitive and prices are rising.
The increasing number of new listings and rising median rent prices suggest that the rental market in Fordham is becoming increasingly attractive to potential renters. With more options available and higher prices, renters are likely to find a place that meets their needs and budget. This is good news for landlords, as they can expect to see higher returns on their investments. However, it is important to note that the rental market in Fordham is still relatively small and competitive, so it is important for landlords to stay up to date on the latest trends and prices in order to remain competitive.
Median rent for all residential properties in Fordham
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The most expensive listings and top trending buildings in Fordham
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2475 Hughes Ave | $7,000 | 5 / 2.0 |
| 2507 Hughes Ave | $6,000 | 4 / 1.0 |
| 2507 Hughes Ave | $4,800 | 3 / 1.0 |
| 2447 Beaumont Ave | $3,446 | 4 / 1.0 |
| 2591 Briggs Ave | $3,400 | 4 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,845 |
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Bedroom Breakdown in Fordham
Fordham neighborhood apartments rents
The rental market for studios in Fordham, New York is showing signs of growth. In May 2023, there was only one new studio listing, but the median rent for studios increased by 9.4% from April 2023 to May 2023, from $1,325 to $1,450. This suggests that the demand for studios in Fordham is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Fordham, New York is showing signs of growth. In May 2023, there were 5 new 1-bedroom listings, a 19.4% increase in median rent from April 2023 to May 2023, and a median rent of $2,000. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Fordham, New York appears to be stable, with four new listings in May 2023 and a median rent of $2,488. This suggests that the market is not experiencing any significant changes in rent prices from month to month. However, without data for April 2023, it is difficult to determine if there has been any significant change in rent prices from April to May.