Rental market snapshot for North Central, Philadelphia

North Central rental market summary

The rental market in North Central, Pennsylvania is showing signs of growth. In July 2023, there were 1,572 new listings, a significant increase from the previous month. This indicates that more people are looking to rent in the area. The median rent in July 2023 was $1,320, a 17.0% decrease from the previous month and a 14.8% decrease from the same time last year. This suggests that rental prices are becoming more affordable for potential tenants.

Overall, the rental market in North Central, Pennsylvania is becoming more attractive to potential tenants. With more new listings and lower rental prices, it is becoming easier for people to find a place to rent in the area. This is good news for landlords and tenants alike, as it means that more people can find a place to live that is within their budget.

Median rent for all residential properties in North Central

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The most expensive listings and top trending buildings in North Central

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Bedroom Breakdown in North Central

Studio
$1,064
MEDIAN RENT
1 Bedroom
$1,440
MEDIAN RENT
2 Bedroom
$1,628
MEDIAN RENT

North Central neighborhood apartments rents

The rental market for studios in North Central, Pennsylvania is showing signs of growth. In July 2023, there were two new studio listings, which is an increase from the previous month. The median rent for studios in July 2023 was $1,064, which is a 12.8% increase from the median rent in June 2023 of $943. This indicates that the rental market for studios in North Central, Pennsylvania is on the rise and is becoming more competitive.

The rental market for 1-bedroom apartments in North Central, Pennsylvania is showing signs of growth. In July 2023, there were 22 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,440, a 6.5% decrease from 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 1-bedroom apartments in North Central, Pennsylvania appears to be on the rise.

The rental market for 2-bedroom apartments in North Central, Pennsylvania is showing signs of growth. In July 2023, there were 11 new 2-bedroom listings, which is a 6.9% increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,628, which is 6.9% 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.

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 North Central is $1,320.
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