Rental market snapshot for Phinney Ridge, Seattle

Phinney Ridge rental market summary

The rental market in Phinney Ridge, Washington is showing signs of growth. In July 2023, there were 41 new listings, indicating that the market is expanding. The median rent for the month of July 2023 was $1,749, which is 6.0% higher than the median rent in June 2023. This indicates that the rental market is becoming more competitive, as demand for rental properties is increasing. Furthermore, the median rent in July 2023 was 32.6% higher than the median rent in July 2022, suggesting that the rental market in Phinney Ridge is experiencing a period of sustained growth.

Overall, the rental market in Phinney Ridge is looking positive. With the number of new listings increasing and the median rent rising, it is likely that the rental market will continue to grow in the coming months. This is good news for both renters and landlords, as it indicates that the rental market is becoming more competitive and that rental prices are increasing.

Median rent for all residential properties in Phinney Ridge

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The most expensive listings and top trending buildings in Phinney Ridge

Most Expensive Listings

AddressRent PriceBed / Bath
6008 Palatine Ave N$6,5004 / 2.5
6820 Fremont Ave N$6,5004 / 3.5
412 NW 70th St$4,1992 / 2.0
6408 Phinney Ave N$3,0252 / 2.0
5041 Baker Ave NW$2,7952 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$1,608

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Bedroom Breakdown in Phinney Ridge

Studio
$1,585
MEDIAN RENT
1 Bedroom
$1,625
MEDIAN RENT
2 Bedroom
$1,750
MEDIAN RENT

Phinney Ridge neighborhood apartments rents

The rental market for studios in Phinney Ridge, Washington is relatively stable. In July 2023, there were two new studio listings, and the median rent for studios remained relatively unchanged from June 2023 to July 2023, increasing by only .6%. This indicates that the rental market for studios in Phinney Ridge is not experiencing any significant changes in terms of availability or cost.

The rental market for 1-bedroom apartments in Phinney Ridge, Washington is showing signs of growth. In May 2023, there were 3 new 1-bedroom listings, with a median rent of $1,625. This is a 33.6% decrease from the median rent of $2,448 in April 2023. This suggests that the rental market is becoming more competitive, with more options available for renters.

The rental market for 2-bedroom apartments in Phinney Ridge, Washington appears to be relatively stable, with only one new listing in April 2023 and a median rent of $1,750. Unfortunately, no data is available for the median rent in March 2023 or the percent change in rent from March to April, so it is difficult to draw any conclusions about the rental market in the area.

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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 Phinney Ridge is $1,749.
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