Our last post which cataloged Philly’s most expensive places to rent in May got a lot of attention around the local real estate blogosphere (see here and here for examples). Our approach was to use rent price per square foot to rank neighborhoods’ relative rental costs.
While this approach is great for comparing neighborhoods to one another (look out for another post for June’s top 10 coming soon), it’s not as useful to individuals who are interested in understanding how much they can expect to pay for a particular unit in a particular neighborhood.
With that problem in mind, we created a new heatmap (shown above) where you can visualize the median rent price for a certain type of unit across neighborhoods (using bedroom and bathroom sliders to adjust the map values.) This map is updated daily to reflect the newest listings coming on to the market. Blank areas on the map reflect areas where we don’t have a enough data in the last 90 days to give a value.