Rental market snapshot for Scott's Addition, Richmond
Scott's Addition rental market summary
The rental market in Scott's Addition, Virginia is showing signs of growth. In July 2023, there were 76 new listings, a 4.5% increase from the same time last year. The median rent also increased from $1,815 in July 2022 to $1,734 in July 2023, a 2.1% increase from the previous month. This suggests that the rental market in Scott's Addition is becoming more competitive, with more people looking to rent in the area.
Overall, the rental market in Scott's Addition is on the rise. With more new listings and an increase in median rent, it is becoming a more desirable place to live. The increase in rent is likely due to the area's growing popularity, as more people are looking to move to the area. With more people looking to rent, the competition is increasing, and the rental market is becoming more competitive.
Median rent for all residential properties in Scott's Addition
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The most expensive listings and top trending buildings in Scott's Addition
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1900-3A Roseneath Rd | $4,850 | 4 / 3.0 |
1900-3A Roseneath Rd | $4,650 | 4 / 3.0 |
1661 N Roseneath Rd | $3,500 | 3 / 2.5 |
2900 W Clay St | $3,149 | 2 / 1.0 |
1661 N Roseneath Rd | $2,800 | 3 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar Real Estate Partners LLC | $1,857 |
GIG | $1,628 |
Gates Hudson | $1,619 |
Main Street Realty | $1,564 |
Thalhimer | $1,252 |
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Bedroom Breakdown in Scott's Addition
Scott's Addition neighborhood apartments rents
The rental market for studios in Scott's Addition, Virginia is showing signs of growth. In July 2023, there were three new studio listings, and the median rent for studios increased by 2.1% from June 2023 to July 2023, from $1,532 to $1,565. This suggests that the rental market for studios in Scott's Addition is becoming increasingly competitive, and renters should expect to pay more for their desired studio space.
The rental market for 1-bedroom apartments in Scott's Addition, Virginia is showing signs of growth. In July 2023, there were 24 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,645, a slight increase of .6% from the median rent in June 2023. This suggests that the rental market is slowly but steadily increasing, and that demand for 1-bedroom apartments is on the rise.
The rental market for 2-bedroom apartments in Scott's Addition, Virginia is showing signs of growth. In July 2023, there were 9 new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in July 2023 was $2,350, which is a 3.9% increase from the median rent in June 2023 of $2,262. This indicates that the rental market for 2-bedroom apartments in Scott's Addition is on the rise and is likely to continue to increase in the coming months.