The subject of today’s snapshot is for the Denver neighborhood, Five Points. Based on our analysis, Five Point’s year-over-year average rents have varied based on bedroom unit type.
Our standard neighborhood analysis uses a 12-month “LookBack” to establish an average baseline rent. The results from the 12-month LookBack analysis are presented in the tables below for Five Points 1-3 bedroom rents from July 1, 2020 – July 1, 2021:
As the table shows, 1BR units decreased by 5% from last year or $91 less. The 2BR units decreased by 2% or $56 less, while the 3BR units increased their rents by 2% or $44 more. As demonstrated by the table, year-over-year performance increased for 3BR units, while 1BR and 2BR units remained stable.
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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology.