Rental market snapshot for Shelby Forest-Frayser, Memphis

Shelby Forest-Frayser rental market summary

The rental market in Shelby Forest-Frayser, Tennessee is showing signs of growth. In July 2023, 97 new listings were added to the market, indicating that more people are looking to rent in the area. The median rent in July 2023 was $995, a 1.0% increase from the previous month and a 0.5% increase from the same time last year. This suggests that rental prices are slowly increasing in the area, likely due to the influx of new listings.

Overall, the rental market in Shelby Forest-Frayser, Tennessee appears to be on the rise. With more listings and a slight increase in rent prices, the area is becoming an attractive option for renters. As the market continues to grow, it is likely that rental prices will continue to increase, making it a great time to rent in the area.

Median rent for all residential properties in Shelby Forest-Frayser

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The most expensive listings and top trending buildings in Shelby Forest-Frayser

Most Expensive Listings

AddressRent PriceBed / Bath
2949 Kingston St$1,4503 / 2.0
1845 Warner Ave$1,3504 / 2.0
2094 Belover Dr$1,3504 / 2.0
3221 Debby St$1,2853 / 1.5
3046 Saint Croix Pl$1,2503 / 1.5

Top Trending Buildings

building nameavg rent price
Zillow$588

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Bedroom Breakdown in Shelby Forest-Frayser

1 Bedroom
$588
MEDIAN RENT
2 Bedroom
$650
MEDIAN RENT

Shelby Forest-Frayser neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Shelby Forest-Frayser, Tennessee, for studios.

The rental market for 1-bedroom apartments in Shelby Forest-Frayser, Tennessee remains relatively stable, with only one new listing in May 2023 and no change in median rent from April to May 2023. The median rent for 1-bedroom apartments in May 2023 is $588, which is slightly lower than the average rent for 1-bedroom apartments in the area. Despite the lack of new listings, the rental market for 1-bedroom apartments in Shelby Forest-Frayser remains steady and affordable.

The rental market for 2-bedroom apartments in Shelby Forest-Frayser, Tennessee appears to be relatively stable, with only one new listing in May 2023. The median rent for 2-bedroom apartments in May 2023 was $650, though it is not known what the median rent was in April 2023 or what the percent change in rent was from April to May. Overall, it appears that the rental market for 2-bedroom apartments in Shelby Forest-Frayser is relatively stable and consistent.

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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 Shelby Forest-Frayser is $995.
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