We’ve been hard at work building exciting new site features that will help you find a new rental home faster and more effectively than ever. One of those new features is our Rental Heatmaps. (Our friends at Curbed NY wrote about the Heatmaps last week!)
What are Rental Heatmaps?
The Rental Heatmaps give access for the first time to aggregated real-time rental price data at the neighborhood level for many major metro areas in an easy-to-use map-based format. The Heatmaps show:
- 25th percentile, 50th percentile and 75th percentile rents for different floorplans in each neighborhood;
- For each neighborhood, a comparison of the neighborhood’s median rent to the overall metro area’s median rent; and
- Year-over-year rent trends on a per-neighborhood basis.
Why are we so excited? Sometimes a more expensive apartment may actually be a better deal than a cheaper apartment when you look at all of the neighborhood data. The Heatmaps allow you to make ‘apples to apples’ comparisons so you can identify those great deals and have an early-mover advantage to nabbing a great apartment or rental home.
How to Use Rental Heatmaps
The Heatmaps are free to access and easy to use:
- On RentHop, select “View Map”;
- Go to the metro area in which you’re interested;
- Click “Show Neighborhoods” on the right side of the screen, and
- Roll your cursor over the neighborhoods you want to see.
You can easily toggle between the regular view, the Neighborhood Price Heatmap and YoY Price Heatmap and can view listings while the Rental Heatmaps are activated. No login is required to use the Rental Heatmaps.
Go have a look and let us know what you think!
Editor’s Note: We updated this article to enhance readability. RentHop no longer uses Rental Heatmaps, but offers the Average Rents page to help renters understand how affordable neighborhoods are in New York City.
