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!)
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 neighborhoodโs median rent to the overall metro areaโs 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 โapples to applesโ comparisons so you can identify those great deals and have an early-mover advantage to nabbing a great apartment or rental home.
Theย Heatmaps are free to access and easy to use:
- On RentHop, select โView Mapโ;
- Go to the metro area in which youโre interested;
- Click โShow 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!