All-new Rental Heatmaps!

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 atย Curbed NYย wrote about the Heatmaps last week!)

What are Rental Heatmaps?

Theย Rental Heatmapsย 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:

  • 25thย percentile, 50thย percentile and 75thย percentile rents for different floorplans in each neighborhood;
  • For each neighborhood, a comparison of the neighborhoodโ€™s median rent to the overall metro areaโ€™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.ย The Heatmaps allow youย to make โ€˜apples to applesโ€™ 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

Theย Heatmaps are free to access and easy to use:

  • On RentHop, select โ€œView Mapโ€;
  • Go to the metro area in which youโ€™re interested;
  • Click โ€œShow Neighborhoodsโ€ 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.ย 

lawrence
lawrence
Lawrence part of the RentHop Data Science team with over a decade of experience in the real estate industry. In addition, he is a software developer and quantitative analyst with over 12 years of experience in software development and quantitative modeling. Lawrence merges two of his passions together to help renters across the nation with their home search.

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