Rental market snapshot for Downtown, Hampton

Downtown rental market summary

The rental market in Downtown, Virginia is showing signs of growth. In July 2023, there were 23 new listings, indicating an increase in rental availability. The median rent also increased from $1,500 in July 2022 to $1,600 in June 2023, representing a 6.7% increase. This trend continued in July 2023, with the median rent increasing to $1,275, a 20.3% increase from the previous month.

Overall, the rental market in Downtown, Virginia is showing signs of growth and stability. The number of new listings and the median rent are both increasing, indicating that the rental market is becoming more attractive to potential tenants. This is good news for landlords and renters alike, as it means more options and better prices.

Median rent for all residential properties in Downtown

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The most expensive listings and top trending buildings in Downtown

Most Expensive Listings

AddressRent PriceBed / Bath
4006 Monitor Dr$2,4504 / 2.0
221 W Queen St$2,1001 / 1.0
5 E Queens Way$1,9501 / 1.5
813 Marshall St$1,8003 / 1.5
302 Chapel St$1,4002 / 1.5

Top Trending Buildings

building nameavg rent price
Proactive Property Mgmt Team$1,100

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Bedroom Breakdown in Downtown

Studio
$950
MEDIAN RENT
1 Bedroom
$1,100
MEDIAN RENT
2 Bedroom
$1,150
MEDIAN RENT

Downtown neighborhood apartments rents

The rental market for studios in Downtown, Virginia appears to be relatively stable, with only one new listing in March 2022. The median rent for studios in March 2022 is $950, though the median rent for February 2022 is not available. Therefore, it is not possible to determine the percent change in rent from February 2022 to March 2022. Overall, the rental market for studios in Downtown, Virginia appears to be relatively stable.

The rental market for 1-bedroom apartments in Downtown, Virginia is showing signs of growth. In July 2023, there were 5 new 1-bedroom listings, representing a 25.7% increase in rent from June 2023. The median rent for 1-bedroom apartments in July 2023 was $1,100, indicating that the market is becoming more competitive. With the influx of new listings and increasing rent prices, it is likely that the rental market for 1-bedroom apartments in Downtown, Virginia will continue to grow in the coming months.

The rental market for 2-bedroom apartments in Downtown, Virginia remains steady in July 2023, with only one new listing and no change in median rent from June 2023. This indicates that the market is relatively stable, with no significant changes in the number of available listings or the cost of rent.

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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 Downtown is $1,275.
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