Rental market snapshot for Mercury Central, Hampton

Mercury Central rental market summary

The rental market in Mercury Central, Virginia is showing signs of growth. In July 2023, there were 90 new listings, a 9.9% increase from the previous month. This is a sign that the rental market is becoming more active and that more people are looking for rental properties. The median rent in July 2023 was $1,519, a 6.8% increase from the same time last year. This suggests that rental prices are increasing, likely due to increased demand for rental properties.

Overall, the rental market in Mercury Central, Virginia appears to be growing. With more new listings and increasing rental prices, it is a good time for landlords and renters alike. With the right strategies, landlords can maximize their profits and renters can find the perfect rental property.

Median rent for all residential properties in Mercury Central

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The most expensive listings and top trending buildings in Mercury Central

Most Expensive Listings

AddressRent PriceBed / Bath
2 Abbott Dr$2,9793 / 3.5
25 Wheatland Dr$2,9005 / 3.0
2 Abbott Dr$2,5543 / 2.5
100 Monticello Mews$2,4292 / 2.0
2 Abbott Dr$2,2372 / 2.5

Top Trending Buildings

building nameavg rent price
Franklin Johnston$1,660
Signature Management Corporation$1,439
DF Apartments$1,179

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Bedroom Breakdown in Mercury Central

Studio
$800
MEDIAN RENT
1 Bedroom
$1,336
MEDIAN RENT
2 Bedroom
$1,828
MEDIAN RENT

Mercury Central neighborhood apartments rents

The rental market for studios in Mercury Central, Virginia appears to be relatively stable, with only one new studio listing in March 2022. The median rent for studios in March 2022 is $800, though no data is available for February 2022 to calculate the percent change in rent. This suggests that the rental market for studios in Mercury Central is relatively stable, with no significant changes in rent from month to month.

The rental market for 1-bedroom apartments in Mercury Central, Virginia is showing signs of growth. In July 2023, there were 16 new 1-bedroom listings, a 13.5% increase in median rent from June 2023 to July 2023, and a median rent of $1,336. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.

The rental market for 2-bedroom apartments in Mercury Central, Virginia is showing signs of stability. In July 2023, there were 23 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 2.5% from June 2023 to July 2023, settling at $1,828. This suggests that the rental market is not experiencing any major fluctuations, and that the prices of 2-bedroom apartments are staying relatively 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 Mercury Central is $1,519.
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