Rental market snapshot for Portage Bay, Seattle

Portage Bay rental market summary

The rental market in Portage Bay, Washington is showing signs of growth. In July 2023, there were 12 new listings, a significant increase from the previous month. The median rent for July 2023 was $2,950, a 47.9% increase from June 2023 and a 55.7% increase from July 2022. This indicates that the rental market in Portage Bay is becoming increasingly competitive, with more people vying for the same rental units.

The rising median rent in Portage Bay is likely due to the increasing demand for rental units in the area. With more people looking for housing, landlords are able to charge higher prices for their units. This trend is likely to continue in the coming months, as more people move to the area in search of affordable housing. As such, renters should be prepared to pay higher prices for rental units in Portage Bay.

Median rent for all residential properties in Portage Bay

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The most expensive listings and top trending buildings in Portage Bay

Most Expensive Listings

AddressRent PriceBed / Bath
2812 Boyer Ave E$6,3003 / 2.0
3218 Eastlake Ave E$3,4952 / 1.5
3218 Eastlake Ave E$3,0952 / 1.5
2400 Boyer Ave E$1,3950 / 1.0

Top Trending Buildings

building nameavg rent price
Bonavista Management LLC$2,121
Zillow$1,797

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Bedroom Breakdown in Portage Bay

Studio
$1,695
MEDIAN RENT
1 Bedroom
$1,650
MEDIAN RENT
2 Bedroom
$3,295
MEDIAN RENT

Portage Bay neighborhood apartments rents

The rental market for studios in Portage Bay, Washington is showing signs of growth. In June 2023, there was one new studio listing, and the median rent increased by 6.3% from May 2023 to June 2023, from $1,595 to $1,695. This suggests that the demand for studio apartments in Portage Bay is increasing, and that the rental market is becoming more competitive.

The rental market for 1-bedroom apartments in Portage Bay, Washington is relatively stable. In May 2023, there were 5 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $1,650, only a .2% increase from the median rent in April 2023. This suggests that the rental market is not experiencing any significant changes in pricing or availability.

The rental market for 2-bedroom apartments in Portage Bay, Washington is showing signs of growth. In July 2023, there were two new 2-bedroom listings, representing a 6.5% increase in median rent from June 2023 to July 2023. The median rent for 2-bedroom apartments in July 2023 was $3,295, which is a significant increase from the median rent of $3,095 in June 2023. This suggests that the rental market for 2-bedroom apartments in Portage Bay is on the rise and is likely to continue to increase in the coming months.

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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 Portage Bay is $2,950.
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