Rental market snapshot for Olney, Philadelphia

Olney rental market summary

The rental market in Olney, Pennsylvania is showing signs of stability. In July 2023, there were 52 new listings, indicating that the market is still active. The median rent in July 2023 was $1,025, which is only 1.1% lower than the median rent in June 2023 and the same as the median rent in July 2022. This suggests that the rental market in Olney is not experiencing any significant changes in rent prices.

Overall, the rental market in Olney appears to be stable and healthy. The number of new listings and the median rent prices are both relatively consistent, indicating that the market is not experiencing any major fluctuations. This is good news for renters in the area, as it suggests that they can expect to find affordable housing in the near future.

Median rent for all residential properties in Olney

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The most expensive listings and top trending buildings in Olney

Most Expensive Listings

AddressRent PriceBed / Bath
127 Fern St$1,9503 / 1.0
127 Fern St$1,9003 / 1.0
131 W Olney Ave$1,8003 / 2.0
532 W Somerville Ave$1,5953 / 1.0
164 W Ruscomb St$1,3503 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$913

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Bedroom Breakdown in Olney

Studio
$1,200
MEDIAN RENT
1 Bedroom
$912
MEDIAN RENT
2 Bedroom
$1,000
MEDIAN RENT

Olney neighborhood apartments rents

The rental market for studios in Olney, Pennsylvania appears to be relatively stable, with only one new listing in April 2023 and a median rent of $1,200. Unfortunately, no data is available for the median rent in March 2023 or the percent change in rent from March to April, so it is difficult to draw any conclusions about the rental market in Olney.

The rental market for 1-bedroom apartments in Olney, Pennsylvania is showing signs of growth. In May 2023, there were two new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in May 2023 was $912, a 10.6% increase from the median rent in April 2023 of $825. This suggests that the rental market in Olney is becoming more competitive, with landlords able to increase their prices due to the increased demand.

The rental market for 2-bedroom apartments in Olney, Pennsylvania in March 2023 is relatively stable. There was only one new listing in March, and the median rent remained the same as it was in February at $1,000. This indicates that the rental market is not experiencing any significant changes in terms of 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 Olney is $1,025.
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