Rental market snapshot for Upper Shockoe Valley, Richmond

Upper Shockoe Valley rental market summary

The rental market in Upper Shockoe Valley, Virginia is showing signs of stability. In July 2023, the number of new listings was 16, which is a slight increase from the previous month. The median rent for the area also remained the same at $1,380. This is a 3.6% increase from the same time last year, indicating that the rental market is slowly growing.

Overall, the rental market in Upper Shockoe Valley, Virginia is showing signs of stability and growth. The number of new listings is increasing, and the median rent is slowly increasing as well. This is a positive sign for the area, and it is likely that the rental market will continue to grow in the coming months.

Median rent for all residential properties in Upper Shockoe Valley

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

The most expensive listings and top trending buildings in Upper Shockoe Valley

Most Expensive Listings

AddressRent PriceBed / Bath
333 Oliver Hill Way$2,0382 / 2.0
333 Oliver Hill Way$1,4721 / 1.5
500 N 18th St$1,3800 / 1.0
500 N 18th St$1,3590 / 1.0

Top Trending Buildings

building nameavg rent price
Landmark Property Services Inc.$1,472

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

Bedroom Breakdown in Upper Shockoe Valley

Studio
$1,424
MEDIAN RENT
1 Bedroom
$1,472
MEDIAN RENT
2 Bedroom
$2,038
MEDIAN RENT

Upper Shockoe Valley neighborhood apartments rents

The rental market for studios in Upper Shockoe Valley, Virginia appears to be relatively stable, with only one new studio listing in April 2023. The median rent for studios in April 2023 was $1,424, though the median rent for March 2023 is not available, so it is not possible to determine the percent change in rent from March to April. Overall, the rental market for studios in Upper Shockoe Valley appears to be relatively stable.

The rental market for 1-bedroom apartments in Upper Shockoe Valley, Virginia is showing signs of growth. In July 2023, there was only one new 1-bedroom listing, but the median rent for 1-bedroom apartments increased by 23.2% from June 2023 to July 2023, from $1,195 to $1,472. This suggests that demand for 1-bedroom apartments is increasing, and that the rental market in Upper Shockoe Valley is becoming more competitive.

The rental market for 2-bedroom apartments in Upper Shockoe Valley, Virginia appears to be stable, with only two new listings in July 2023 and a median rent of $2,038. Unfortunately, no data is available for June 2023, so it is impossible to determine the percent change in rent from that month. Overall, the rental market for 2-bedroom apartments in Upper Shockoe Valley appears to be steady.

Explore other Richmond Neighborhoods

Union Hill
Shockoe Bottom
Monroe Ward
Carver
Jahnke
City Center

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 Upper Shockoe Valley is $1,380.
Made withDataherald