Rental market snapshot for Cherokee Park, Nashville

Cherokee Park rental market summary

The rental market in Cherokee Park, Tennessee is showing signs of growth. In July 2023, there were 157 new listings, a 6.1% increase from the previous month. This indicates that the rental market is becoming increasingly competitive, as more people are looking for housing in the area.

The median rent in Cherokee Park, Tennessee has also increased over the past year. In July 2023, the median rent was $1,963, a 6.7% increase from the same time last year. This suggests that the rental market in Cherokee Park is becoming more expensive, as demand for housing continues to rise.

Median rent for all residential properties in Cherokee Park

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

The most expensive listings and top trending buildings in Cherokee Park

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

Bedroom Breakdown in Cherokee Park

Studio
$1,450
MEDIAN RENT
1 Bedroom
$1,632
MEDIAN RENT
2 Bedroom
$2,614
MEDIAN RENT

Cherokee Park neighborhood apartments rents

The rental market for studios in Cherokee Park, Tennessee is showing signs of a slight decrease in rent prices. In July 2023, there were 6 new studio listings, with a median rent of $1,450, which is 7.6% lower than the median rent of $1,570 in June 2023. This suggests that the rental market for studios in Cherokee Park is becoming more competitive, with landlords offering lower prices to attract tenants.

The rental market for 1-bedroom apartments in Cherokee Park, Tennessee is showing signs of growth. In July 2023, there were 18 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,632, which is 8.7% 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 1-bedroom apartments in Cherokee Park, Tennessee is looking positive.

The rental market for 2-bedroom apartments in Cherokee Park, Tennessee is showing signs of growth. In July 2023, there were 13 new 2-bedroom listings, a 22.3% increase in median rent from June 2023 to July 2023, and a median rent of $2,614. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.

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 Cherokee Park is $1,963.
Made withDataherald