Rental market snapshot for Union Hill, Richmond

Union Hill rental market summary

The rental market in Union Hill, Virginia is showing signs of growth. In July 2023, there were 26 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,153, a decrease of 11.3% from the previous month and a decrease of 17.6% from the same month in 2022. This suggests that the rental market in Union Hill is becoming more affordable for tenants, as rents are decreasing.

Overall, the rental market in Union Hill appears to be on the rise. With more listings and decreasing rents, tenants are able to find more affordable housing options in the area. This is good news for tenants looking for a place to call home in Union Hill, Virginia.

Median rent for all residential properties in Union Hill

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The most expensive listings and top trending buildings in Union Hill

Most Expensive Listings

AddressRent PriceBed / Bath
2117 Carrington St$2,5503 / 2.5
815 N 22nd St$2,2253 / 2.0
805 N 23rd St$1,7992 / 2.0
2416 Jefferson Ave$1,5991 / 1.0
804 N 22nd St$1,2091 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$1,222

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Bedroom Breakdown in Union Hill

1 Bedroom
$1,272
MEDIAN RENT
2 Bedroom
$1,799
MEDIAN RENT

Union Hill neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Union Hill, Virginia, for studios.

The rental market for 1-bedroom apartments in Union Hill, Virginia is showing signs of growth. In April 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in April 2023 was $1,272, which is 5.7% lower than the median rent in March 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Union Hill, Virginia is looking positive.

The rental market for 2-bedroom apartments in Union Hill, Virginia, is relatively stable. In April 2023, there was only one new listing, and the median rent for 2-bedroom apartments was $1,799, only a 1.4% decrease from the median rent in March 2023. This suggests that the rental market in Union Hill is not experiencing any significant changes in the near future.

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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 Union Hill is $1,153.
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