Rental market snapshot for First Hill, Seattle

First Hill rental market summary

The rental market in First Hill, Washington is showing signs of growth. In July 2023, there were 560 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,995, a 7.0% decrease from the previous month and an 11.5% decrease from the same time last year. This suggests that the rental market in First Hill is becoming more affordable, which could be attractive to potential renters.

Overall, the rental market in First Hill is showing signs of improvement. The number of new listings is increasing, and the median rent is decreasing, making it more affordable for renters. This could be a great opportunity for those looking to rent in the area, as they may be able to find a great deal on a rental property.

Median rent for all residential properties in First Hill

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The most expensive listings and top trending buildings in First Hill

Most Expensive Listings

AddressRent PriceBed / Bath
702 Spring St$12,5853 / 2.0
702 Spring St$8,2362 / 2.0
702 Spring St$7,9072 / 2.0
702 Spring St$7,4252 / 2.0
702 Spring St$7,0322 / 2.0

Top Trending Buildings

building nameavg rent price
Daydream Apartments$3,637
Thrive$3,090
Quarterra$2,981
Zillow Rental Network$2,455
Brookfield Properties Multifamily LLC$2,371

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Bedroom Breakdown in First Hill

Studio
$1,599
MEDIAN RENT
1 Bedroom
$2,420
MEDIAN RENT
2 Bedroom
$3,494
MEDIAN RENT

First Hill neighborhood apartments rents

The rental market for studios in First Hill, Washington is showing signs of growth. In July 2023, there were 95 new studio listings, a 4.4% increase from the median rent in June 2023. The median rent for studios in July 2023 was $1,599, a slight decrease from the median rent in June 2023 of $1,672. This suggests that the rental market for studios in First Hill is becoming more competitive, with more options available for renters.

The rental market for 1-bedroom apartments in First Hill, Washington is showing signs of growth. In July 2023, there were 109 new 1-bedroom listings, a 2.8% increase in median rent from June 2023 to July 2023, and a median rent of $2,420. This indicates that demand for 1-bedroom apartments in First Hill is increasing, and that the rental market is becoming more competitive.

The rental market for 2-bedroom apartments in First Hill, Washington is showing signs of growth. In July 2023, there were 44 new 2-bedroom listings, a 4.5% decrease in median rent from June 2023 to July 2023, and a median rent of $3,494. This indicates that the rental market is becoming more competitive, with more options available for renters.

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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 First Hill is $1,995.
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