Rental market snapshot for Central, Tacoma

Central rental market summary

The rental market in Central, Washington is showing signs of growth. In July 2023, there were 160 new listings, a 13.3% increase from the previous month. This is indicative of a healthy rental market, as more people are looking to rent in the area. The median rent in July 2023 was $1,774, a 5.4% increase from the same time last year. This suggests that the rental market in Central, Washington is becoming more competitive, as demand for rental properties is increasing.

Overall, the rental market in Central, Washington is showing signs of growth. The number of new listings and the median rent are both increasing, indicating that the rental market is becoming more competitive. This is good news for landlords, as they can expect to see higher rents and more tenants in the coming months.

Median rent for all residential properties in Central

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The most expensive listings and top trending buildings in Central

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Bedroom Breakdown in Central

Studio
$1,395
MEDIAN RENT
1 Bedroom
$1,648
MEDIAN RENT
2 Bedroom
$1,695
MEDIAN RENT

Central neighborhood apartments rents

The rental market for studios in Central, Washington is showing signs of growth. In July 2023, there were 8 new studio listings, representing an increase in the number of available units. The median rent for studios in July 2023 was $1,395, a 2.6% increase from the median rent in June 2023 of $1,360. This suggests that demand for studios in Central, Washington is increasing, leading to higher rental prices.

The rental market for 1-bedroom apartments in Central, Washington is showing signs of growth. In July 2023, there were 14 new 1-bedroom listings, a 3.8% increase in median rent from June 2023 to July 2023, and a median rent of $1,648. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.

The rental market for 2-bedroom apartments in Central, Washington is showing signs of growth. In July 2023, there were 7 new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in July 2023 was $1,695, which is a 4.4% decrease from the median rent in June 2023. This suggests that the rental market is becoming more affordable for tenants. Overall, the rental market for 2-bedroom apartments in Central, Washington is looking positive.

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 Central is $1,774.
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