Rental market snapshot for Navy Yard, Philadelphia

Navy Yard rental market summary

The rental market in Navy Yard, Pennsylvania is showing signs of growth. In July 2023, there were 60 new listings, a sign that the rental market is expanding. The median rent in July 2023 was $2,010, a 2.0% increase from the previous month, and a 1.8% increase from the same time last year. This indicates that the rental market is continuing to grow and that demand is increasing.

Overall, the rental market in Navy Yard, Pennsylvania is healthy and growing. With more new listings and increasing median rent prices, it is a great time to be a renter in the area. With the continued growth of the rental market, it is likely that the area will continue to be a desirable place to live.

Median rent for all residential properties in Navy Yard

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The most expensive listings and top trending buildings in Navy Yard

Most Expensive Listings

AddressRent PriceBed / Bath
1841 Hartranft St$2,2502 / 2.0
1843 Hartranft St$2,2502 / 2.0
1843 Hartranft St$2,2002 / 2.0
1841 Hartranft St$2,1752 / 2.0
1843 Hartranft St$2,1752 / 2.0

Top Trending Buildings

building nameavg rent price
Lindy Communities$1,640

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Bedroom Breakdown in Navy Yard

Studio
$2,150
MEDIAN RENT
1 Bedroom
$1,658
MEDIAN RENT
2 Bedroom
$2,010
MEDIAN RENT

Navy Yard neighborhood apartments rents

The rental market for studios in Navy Yard, Pennsylvania appears to be stable, with only one new listing in September 2022. The median rent for studios in September 2022 is $2,150, though the median rent for August 2022 is not available. Therefore, it is not possible to determine the percent change in rent from August 2022 to September 2022. Overall, the rental market for studios in Navy Yard appears to be relatively stable.

The rental market for 1-bedroom apartments in Navy Yard, Pennsylvania is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,658, a 2.0% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.

The rental market for 2-bedroom apartments in Navy Yard, Pennsylvania is showing signs of growth. In July 2023, there were 3 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $2,010, which is 7.8% lower than the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Navy Yard, Pennsylvania is looking positive.

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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 Navy Yard is $2,010.
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