Rental market snapshot for Wakefield, Bronx
Wakefield rental market summary
The rental market in Wakefield, New York is showing signs of growth. In July 2023, there were 150 new listings, a 15.8% increase from July 2022. The median rent also increased from $2,600 in July 2022 to $3,010 in July 2023, a 18.0% increase. This indicates that the rental market in Wakefield is becoming more competitive and that demand is increasing.
The increase in median rent and the number of new listings suggests that the rental market in Wakefield is becoming more attractive to potential renters. This could be due to the area's increasing popularity, or it could be due to the availability of more rental options. Either way, it is clear that the rental market in Wakefield is on the rise.
Median rent for all residential properties in Wakefield
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The most expensive listings and top trending buildings in Wakefield
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 752 E 227th St | $4,194 | 5 / 2.0 |
| 959 E 223rd St | $4,194 | 5 / 1.0 |
| 843 E 232nd St | $3,900 | 6 / 1.0 |
| 4331 Matilda Ave | $3,600 | 3 / 1.0 |
| 1120 E 222nd St | $3,500 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,900 |
| RPPM | Properties Managed | $1,850 |
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Bedroom Breakdown in Wakefield
Wakefield neighborhood apartments rents
The rental market for studios in Wakefield, New York is showing signs of improvement. In May 2023, there was only one new studio listing, but the median rent decreased by 15.9% from April 2023 to May 2023, from $2,015 to $1,695. This suggests that the rental market is becoming more competitive, with landlords offering lower rents to attract tenants. It is likely that this trend will continue in the coming months, as more people look for affordable housing options in the area.
The rental market for 1-bedroom apartments in Wakefield, New York is showing signs of growth. In May 2023, there were 4 new 1-bedroom listings, representing a 7.7% increase in rent from April 2023. The median rent for 1-bedroom apartments in May 2023 was $1,925, which is a significant increase from the median rent of $1,788 in April 2023. This indicates that the rental market for 1-bedroom apartments in Wakefield is on the rise and is likely to continue to increase in the coming months.
The rental market for 2-bedroom apartments in Wakefield, New York is showing signs of growth. In May 2023, there was only one new 2-bedroom listing, but the median rent for 2-bedroom apartments increased by 5.2% from April 2023 to May 2023, from $2,425 to $2,550. This suggests that demand for 2-bedroom apartments is increasing, and that the rental market is likely to continue to grow in the coming months.