Dwellsy Offers the Press Hyper-Local Rental Market Data
Written by Jonas Bordo
KTLA Ask the Expert - LA Rental Market Insights with Jonas Bordo
As the largest home rental listing platform in the country, we have access to unique data on housing affordability across the country. The price of multi-family and single-family home rentals continue to fluctuate, and renters face great difficulty navigating the market. We provide this data in hopes that it will better equip people with comprehensive residential rental property information, empowering them to make informed decisions while evaluating, investing in, or managing properties. Check out our latest rental data breakdown here.
To the surprise of many, the general ebb and flow of rental prices for the nation as a whole are not always reflective of the changes in individual markets across the country. We have broken our rental data down regionally across the US so you can see the trends in rental housing and affordability in your area.
Over the past few years, there has been a significant transformation in consumer housing preferences. The most prominent shift has been towards a greater appreciation for larger homes, driven by the increasing number of people working remotely and spending more time in their residences. In many instances, this change has prompted renters to allocate more of their budget towards securing additional space, possibly utilizing savings previously spent on commuting expenses.
Furthermore, many individuals and families have taken advantage of the newfound freedom to reside in more budget-friendly locations, no longer tethered to proximity to their workplaces. Consequently, they have been able to upgrade to larger homes while maintaining or even reducing their housing expenses. To illustrate, in December 2023, a monthly budget of $2,030 could secure a three-bedroom home in Nashville, whereas $2,017 could only cover a one-bedroom apartment in Washington, D.C.
Regardless of the market Dwellsy has data metrics for all states and regions to help all those in the rental home industry stay informed. For more information on Dwellsy's methodology and how we sort and collect our data click here.
What We Provide
Within the data we offer, you can find information on rent prices in different states and regions all across the country. We provide data that can be sorted on three different levels: MSA, city, and zip code. You can use this data to track how markets shift from month to month and year to year. For each location, the data set includes:
- The median listing price
- The maximum listing price
- The minimum listing price
- The number of listings Dwellsy has in that location
Our data is comprehensive, including a wide range of rentals and data metrics that allow you to analyze your local rental market as a whole. If you're looking for more information on our comprehensive data insight, please check out Dwellsy IQ. To sign up for Dwellsy's rental market updates subscribe to our data newsletter here.
If you’re interested in receiving similar data on an ongoing basis or featuring Jonas as a rental market resource, please reach out to press@dwellsy.com.