Rental market snapshot for Fairpark, Salt Lake City

Fairpark rental market summary

The rental market in Fairpark, Utah is showing signs of growth. In July of 2023, there were 29 new listings, indicating an increase in rental activity. The median rent for the month of July 2023 was $1,385, which is 11.8% lower than the median rent in June of the same year. This decrease in rent could be attributed to the influx of new listings, as more competition in the market could lead to lower prices.

When compared to the median rent in July of 2022, the current median rent is 22.6% lower. This suggests that the rental market in Fairpark, Utah is becoming more affordable for tenants. This could be a result of increased competition in the market, as more landlords are entering the market to take advantage of the growing demand for rental properties.

Median rent for all residential properties in Fairpark

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The most expensive listings and top trending buildings in Fairpark

Most Expensive Listings

AddressRent PriceBed / Bath
644 W North Temple St$2,4543 / 2.0
509 N Bright Ct W$2,1955 / 3.0
644 W North Temple St$1,7582 / 2.0
644 W North Temple St$1,7332 / 2.0
644 W North Temple St$1,7182 / 2.0

Top Trending Buildings

building nameavg rent price
Weidner Apartment Homes$1,278

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Bedroom Breakdown in Fairpark

1 Bedroom
$1,305
MEDIAN RENT
2 Bedroom
$1,733
MEDIAN RENT

Fairpark neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Fairpark, Utah, for studios.

The rental market for 1-bedroom apartments in Fairpark, Utah is relatively stable. In July 2023, there were 7 new 1-bedroom listings, and the median rent for 1-bedroom apartments only increased by .8% from June 2023 to July 2023, from $1,295 to $1,305. This indicates that the rental market is not experiencing any significant changes in pricing or availability.

The rental market for 2-bedroom apartments in Fairpark, Utah is showing signs of growth. In July 2023, there were 3 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $1,733, a 2.6% increase from the median rent in June 2023. This suggests that the rental market for 2-bedroom apartments in Fairpark is becoming more competitive, and renters should expect to pay more for these types of apartments 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 Fairpark is $1,385.
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