Rental market snapshot for City Center, Richmond

City Center rental market summary

The rental market in City Center, Virginia is showing signs of stability. In July 2023, there were 103 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $1,445, a slight decrease of 1.8% from the previous month. This indicates that the rental market is not experiencing any significant changes in prices. When compared to the median rent from July 2022, the current median rent is only 0.3% higher, suggesting that the rental market is not experiencing any significant inflation.

Overall, the rental market in City Center, Virginia is showing signs of stability. Prices have remained relatively consistent over the past year, and the number of new listings is still high. This suggests that the rental market is healthy and that tenants can expect to find a good selection of rental properties in the area.

Median rent for all residential properties in City Center

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The most expensive listings and top trending buildings in City Center

Most Expensive Listings

AddressRent PriceBed / Bath
230 N 6th St$2,3802 / 2.0
230 N 6th St$2,2852 / 2.0
326 E Broad St$2,1693 / 2.0
101 N 5th St$2,0332 / 2.0
421 E Franklin St$1,9631 / 1.0

Top Trending Buildings

building nameavg rent price
Dominion Realty Partners$1,574
DF Apartments$1,498
HRI Management LLC$1,450
Dodson Property Management LLC$1,149

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Bedroom Breakdown in City Center

Studio
$1,336
MEDIAN RENT
1 Bedroom
$1,482
MEDIAN RENT
2 Bedroom
$1,495
MEDIAN RENT

City Center neighborhood apartments rents

The rental market for studios in City Center, Virginia is showing signs of stability. In July 2023, there were two new studio listings, and the median rent for studios decreased by 6.2% from June 2023 to July 2023, from $1,425 to $1,336. This suggests that the rental market is becoming more competitive, and renters may be able to find better deals on studios in the area.

The rental market for 1-bedroom apartments in City Center, Virginia is showing signs of stability. In July 2023, there were 28 new 1-bedroom listings, and the median rent for 1-bedroom apartments only decreased by .8% from June 2023 to July 2023, from $1,495 to $1,482. This indicates that the rental market is not experiencing any major fluctuations, and that the prices of 1-bedroom apartments are staying relatively consistent.

The rental market for 2-bedroom apartments in City Center, Virginia is showing signs of improvement. In July 2023, there were 11 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,495, which is a 23.0% decrease from the median rent in June 2023. This indicates that the rental market is becoming more affordable for tenants, and that there is an increasing number of options available.

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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 City Center is $1,445.
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