Rental market snapshot for Forest, Buffalo

Forest rental market summary

The rental market in Forest, New York is showing signs of growth. In July 2023, there were 45 new listings, a significant increase from the previous month. The median rent also increased from $1,400 in June 2023 to $1,500 in July 2023, representing a 7.1% increase. This is even more impressive when compared to the median rent in July 2022, which was $1,350, representing an 11.1% increase in rent over the course of a year.

Overall, the rental market in Forest, New York is looking strong. With a steady increase in new listings and a significant increase in median rent, it is clear that the rental market is on the rise. This is great news for both landlords and tenants, as it means that there are more options available and that rental prices are increasing.

Median rent for all residential properties in Forest

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The most expensive listings and top trending buildings in Forest

Most Expensive Listings

AddressRent PriceBed / Bath
1080 Elmwood Ave$1,9954 / 1.0
27 Manchester Pl$1,9003 / 1.0
1080 Elmwood Ave$1,7952 / 1.0
20 Ardmore Pl$1,7002 / 1.0
1040 Elmwood Ave$1,6003 / 1.0

Top Trending Buildings

building nameavg rent price
United Group of Companies$1,616

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Bedroom Breakdown in Forest

Studio
$800
MEDIAN RENT
1 Bedroom
$1,612
MEDIAN RENT
2 Bedroom
$1,976
MEDIAN RENT

Forest neighborhood apartments rents

The rental market for studios in Forest, New York is expected to remain relatively stable in August 2022, with only one new studio listing. The median rent for studios in August 2022 is estimated to be $800, though no data is available for July 2022 to calculate the percent change in rent. Overall, the rental market for studios in Forest, New York is expected to remain relatively steady in the near future.

The rental market for 1-bedroom apartments in Forest, New York is showing signs of growth. In June 2023, there were 3 new 1-bedroom listings, a 27.9% increase in median rent from May 2023 to June 2023, and a median rent of $1,612. This indicates that demand for 1-bedroom apartments in Forest is increasing, and that the rental market is becoming more competitive.

The rental market for 2-bedroom apartments in Forest, New York is showing signs of growth. In June 2023, there were 4 new 2-bedroom listings, a 23.1% increase in median rent from May 2023 to June 2023, and a median rent of $1,976. This indicates that demand for 2-bedroom apartments is increasing, and that the rental market is becoming more competitive.

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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 Forest is $1,500.
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