Rental market snapshot for MLK, Austin

MLK rental market summary

The rental market in MLK, Texas is showing signs of growth. In July 2023, there were 29 new listings, a significant increase from the previous month. The median rent for July 2023 was $2,999, an 11.1% increase from June 2023 and a 6.3% increase from July 2022. This suggests that the rental market in MLK is becoming increasingly competitive, with more people looking to rent in the area and landlords raising their prices.

Overall, the rental market in MLK is on the rise. With more listings and higher median rents, it is becoming a desirable place to live. This could be due to the area's proximity to major cities, its growing economy, or its attractive amenities. Whatever the reason, it is clear that the rental market in MLK is on the upswing.

Median rent for all residential properties in MLK

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The most expensive listings and top trending buildings in MLK

Most Expensive Listings

AddressRent PriceBed / Bath
4504 Night Owl Ln$4,3003 / 2.5
3405 Pennsylvania Ave$4,0003 / 3.0
5002 Pecan Springs Rd$3,9903 / 2.5
1800 Loreto Dr$3,7503 / 2.0
4604 Windy Brook Dr$3,2903 / 2.5

Top Trending Buildings

building nameavg rent price
REZI$1,399
Zillow$1,399

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Bedroom Breakdown in MLK

Studio
$1,400
MEDIAN RENT
1 Bedroom
$1,399
MEDIAN RENT
2 Bedroom
$2,450
MEDIAN RENT

MLK neighborhood apartments rents

The rental market for studios in MLK, Texas appears to be relatively stable, with only two new listings in January 2023 and no available data on the median rent in December 2022. This suggests that the rental market for studios in MLK is not experiencing any significant changes in terms of supply or demand. However, without more data, it is difficult to draw any definitive conclusions about the rental market in MLK.

The rental market for 1-bedroom apartments in MLK, Texas in April 2023 is relatively stable. There were only two new listings in April, and the median rent remained the same as the previous month at $1,399. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.

The rental market for 2-bedroom apartments in MLK, Texas in May 2023 is relatively stable, with only one new listing and no change in median rent from April 2023. This suggests that the rental market is not experiencing any significant changes in the short-term, and that the current rental prices are likely to remain steady in the near future.

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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 MLK is $2,999.
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