Rental market snapshot for Boerum Hill, Brooklyn

Boerum Hill rental market summary

The rental market in Boerum Hill, New York is showing signs of stability. In July 2023, there were 193 new listings, indicating a healthy supply of rental properties. The median rent for the month was $4,480, which is only a 0.6% increase from the previous month and a 0.4% increase from the same time last year. This suggests that the rental market in Boerum Hill is not experiencing any significant fluctuations in prices.

Overall, the rental market in Boerum Hill is relatively stable and shows no signs of significant changes in the near future. With a healthy supply of new listings and only minor changes in median rent prices, renters can expect to find a good selection of rental properties in Boerum Hill at reasonable prices.

Median rent for all residential properties in Boerum Hill

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The most expensive listings and top trending buildings in Boerum Hill

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Bedroom Breakdown in Boerum Hill

Studio
$3,500
MEDIAN RENT
1 Bedroom
$3,325
MEDIAN RENT
2 Bedroom
$5,000
MEDIAN RENT

Boerum Hill neighborhood apartments rents

The rental market for studios in Boerum Hill, New York appears to be stable, with only one new listing in May 2023. The median rent for studios in May 2023 was $3,500, indicating that the rental market is still relatively expensive. Unfortunately, no data is available for April 2023, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for studios in Boerum Hill appears to be relatively stable.

The rental market for 1-bedroom apartments in Boerum Hill, New York is showing signs of stability. In May 2023, there were 10 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $3,325, a 4.3% decrease from the median rent in April 2023. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 1-bedroom apartments are staying relatively consistent.

The rental market for 2-bedroom apartments in Boerum Hill, New York appears to be stable, with 10 new listings in May 2023 and a median rent of $5,000. Unfortunately, no data is available for April 2023, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for 2-bedroom apartments in Boerum Hill appears to be steady.

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 Boerum Hill is $4,480.
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