Rental market snapshot for Monroe Ward, Richmond

Monroe Ward rental market summary

The rental market in Monroe Ward, Virginia, has seen a steady increase in new listings over the past year, with 84 new listings in July 2023. This is a sign of a healthy rental market, as more people are looking to rent in the area.

The median rent in Monroe Ward has also seen a significant increase over the past year, with a 17.8% increase from July 2022 to July 2023. This is a positive sign for landlords, as they can expect to receive higher rents for their properties. The median rent in July 2023 was $1,355, which is a 3.1% increase from June 2023. This indicates that the rental market is continuing to grow in Monroe Ward.

Median rent for all residential properties in Monroe Ward

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The most expensive listings and top trending buildings in Monroe Ward

Most Expensive Listings

AddressRent PriceBed / Bath
307 W Grace St$2,6003 / 3.0
1650-A W Grace St$2,4953 / 2.0
119 S 1st St$2,4393 / 3.0
307 W Grace St$2,4003 / 3.0
17 W Broad St$2,1172 / 2.0

Top Trending Buildings

building nameavg rent price
Legend Property Group$1,358
Gates Hudson$1,228

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Bedroom Breakdown in Monroe Ward

Studio
$1,064
MEDIAN RENT
1 Bedroom
$1,329
MEDIAN RENT
2 Bedroom
$1,542
MEDIAN RENT

Monroe Ward neighborhood apartments rents

The rental market for studios in Monroe Ward, Virginia, is showing signs of stability. In July 2023, there were three new studio listings, and the median rent for studios decreased by 3.0% from June 2023 to July 2023, from $1,097 to $1,064. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.

The rental market for 1-bedroom apartments in Monroe Ward, Virginia is showing signs of growth. In July 2023, there were 11 new 1-bedroom listings, a 6.3% increase in median rent from June 2023 to July 2023, and a median rent of $1,329. 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 Monroe Ward, Virginia is showing signs of improvement. In July 2023, there were 4 new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in July 2023 was $1,542, which is a 15.2% decrease from the median rent in June 2023 of $1,818. This suggests that the rental market is becoming more affordable for tenants.

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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 Monroe Ward is $1,355.
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