Rental market snapshot for Detroit Shoreway, Cleveland

Detroit Shoreway rental market summary

The rental market in Detroit Shoreway, Ohio is showing signs of growth. In July 2023, there were 102 new listings, a 9.6% increase from the previous month. This indicates that the rental market is becoming more competitive, as more people are looking for housing in the area. The median rent in July 2023 was $1,395, the same as it was in July 2022. This suggests that the rental market is stable, with no major changes in rent prices over the past year.

Overall, the rental market in Detroit Shoreway, Ohio is showing signs of growth and stability. With more listings and no major changes in rent prices, the rental market in the area is becoming more competitive and attractive to potential renters.

Median rent for all residential properties in Detroit Shoreway

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The most expensive listings and top trending buildings in Detroit Shoreway

Most Expensive Listings

AddressRent PriceBed / Bath
6060 Father Caruso Dr$3,6092 / 2.0
1448 W 54th St$2,4003 / 2.0
6060 Father Caruso Dr$2,2752 / 2.0
6060 Father Caruso Dr$2,1552 / 2.0
6060 Father Caruso Dr$2,0771 / 1.0

Top Trending Buildings

building nameavg rent price
Village Green$1,900
Coastal Ridge Real Estate$1,727
Winwood Properties$745

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Bedroom Breakdown in Detroit Shoreway

Studio
$1,570
MEDIAN RENT
1 Bedroom
$1,680
MEDIAN RENT
2 Bedroom
$2,215
MEDIAN RENT

Detroit Shoreway neighborhood apartments rents

The rental market for studios in Detroit Shoreway, Ohio is showing signs of stability. In July 2023, there were two new studio listings, indicating that the market is still growing. The median rent for studios in July 2023 was $1,570, which is a 5.1% decrease from the median rent in June 2023. This suggests that the rental market is becoming more affordable for tenants, and that the market is becoming more competitive. Overall, the rental market for studios in Detroit Shoreway, Ohio appears to be healthy and stable.

The rental market for 1-bedroom apartments in Detroit Shoreway, Ohio is showing signs of growth. In July 2023, there were 7 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,680, a 6.7% decrease from the median rent in June 2023 of $1,800. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Detroit Shoreway, Ohio is looking positive.

The rental market for 2-bedroom apartments in Detroit Shoreway, Ohio is relatively stable. In July 2023, there were 4 new 2-bedroom listings, and the median rent for 2-bedroom apartments increased by only .9% from June 2023 to July 2023, from $2,196 to $2,215. This indicates that the rental market is not experiencing any significant changes in pricing or availability.

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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 Detroit Shoreway is $1,395.
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