One of the main factors driving high rents across European cities is the same as any other consumer-driven business. If demand outweighs supply, prices will inflate. The drive for high paid professionals to be located centrally in prime locations, mixed with the low levels of available space, high land, and construction costs, all keep rental prices increasing. Renting in European cities In the third quarter of 2023, Munich was the most expensive city to rent a furnished studio. For one-bedroom apartments or a furnished private room, the most expensive city was Amsterdam. At almost 1,650 euros per month, renting a studio in Munich cost about 1,000 euros more than a studio in Budapest. Owning a home In many European countries owning your home is more commonplace than renting – for instance, in Romania, the homeownership rate is over 95 percent. In the UK, affordability of housing is one of the leading housing concerns, with the majority of adults agreeing that first-time buyers getting on a property ladder is a very or somewhat serious problem. More in-depth information on the topic can be found in the report on residential real estate in Europe.

The District of Columbia is the most expensive U.S. state for studio apartments, with monthly rents nearly 300 U.S. dollars higher than in Hawaii. As of February 2021, renters in District of Columbia paid on average 1,625 U.S. dollars monthly for a studio apartment. In comparison, studios in Arkansas were approximately three times more affordable.

Between 2020 and 2021, the average monthly rent in the U.S. saw an overall increase. Nevertheless, this was not the case in some states that experienced dramatic negative rental growth.

In 2024, New York, NY, was the most expensive rental market for one-bedroom apartments in the United States. The median monthly rental rate of an apartment in New York was 4,280 U.S. dollars, while in San Francisco, CA which ranked second highest, renters paid on average 3,160 U.S. dollars.

As of October 2024, Cluj-Napoca had the highest rent for one-room apartments, on average, renting a studio apartment costs 400 euros per month. Arad was the most affordable city to live in on the given list — 220 euros per month, even reaching an average of 180 euros in January and February 2024.

VITAL SIGNS INDICATOR List Rents (EC9)

FULL MEASURE NAME List Rents

LAST UPDATED October 2016

DESCRIPTION List rent refers to the advertised rents for available rental housing and serves as a measure of housing costs for new households moving into a neighborhood, city, county or region.

DATA SOURCE real Answers (1994 – 2015) no link

Zillow Metro Median Listing Price All Homes (2010-2016) http://www.zillow.com/research/data/

CONTACT INFORMATION vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator) List rents data reflects median rent prices advertised for available apartments rather than median rent payments; more information is available in the indicator definition above. Regional and local geographies rely on data collected by real Answers, a research organization and database publisher specializing in the multifamily housing market. real Answers focuses on collecting longitudinal data for individual rental properties through quarterly surveys. For the Bay Area, their database is comprised of properties with 40 to 3,000+ housing units. Median list prices most likely have an upward bias due to the exclusion of smaller properties. The bias may be most extreme in geographies where large rental properties represent a small portion of the overall rental market. A map of the individual properties surveyed is included in the Local Focus section.

Individual properties surveyed provided lower- and upper-bound ranges for the various types of housing available (studio, 1 bedroom, 2 bedroom, etc.). Median lower- and upper-bound prices are determined across all housing types for the regional and county geographies. The median list price represented in Vital Signs is the average of the median lower- and upper-bound prices for the region and counties. Median upper-bound prices are determined across all housing types for the city geographies. The median list price represented in Vital Signs is the median upper-bound price for cities. For simplicity, only the mean list rent is displayed for the individual properties. The metro areas geography rely upon Zillow data, which is the median price for rentals listed through www.zillow.com during the month. Like the real Answers data, Zillow's median list prices most likely have an upward bias since small properties are underrepresented in Zillow's listings. The metro area data for the Bay Area cannot be compared to the regional Bay Area data. Due to afore mentioned data limitations, this data is suitable for analyzing the change in list rents over time but not necessarily comparisons of absolute list rents. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Due to the limited number of rental properties surveyed, city-level data is unavailable for Atherton, Belvedere, Brisbane, Calistoga, Clayton, Cloverdale, Cotati, Fairfax, Half Moon Bay, Healdsburg, Hillsborough, Los Altos Hills, Monte Sereno, Moranga, Oakley, Orinda, Portola Valley, Rio Vista, Ross, San Anselmo, San Carlos, Saratoga, Sebastopol, Windsor, Woodside, and Yountville.

Inflation-adjusted data are presented to illustrate how rents have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself. Percent change in inflation-adjusted median is calculated with respect to the median price from the fourth quarter or December of the base year.

The average monthly rent for all apartment types in the U.S. soared in 2021 and 2022, followed by a slight decline in the next two years. In January 2025, the monthly rent for a two-bedroom apartment amounting to 1,356 U.S. dollars. That was an increase from 1,136 U.S. dollars in January 2021 but a decline from the peak value of 1,427 U.S. dollars in August 2022. Where are the most expensive apartments in the U.S.? Apartment rents vary widely from state to state. To afford a two-bedroom apartment in California, for example, a renter needed to earn an average hourly wage of nearly 42 U.S. dollars, which was approximately double the average wage in North Carolina and three times as much as the average wage in Arkansas. In fact, rental costs were considerably higher than the hourly minimum wage in all U.S. states. How did rents change in different states in the U.S.? In 2024, some of the most expensive states to rent an apartment only saw a moderate increase in rental prices. Nevertheless, rents increased in most states as of January 2025. In West Virginia, the annual rental growth was the highest, at seven percent.

Clackamas, Multnomah, and Washington counties as well as Metro-area median studio, 1 bedroom, and 2 bedroom rental prices for 2011 - 2019.Data sourced from https://www.zillow.com/research/data/

The U.S. Department of Energy's (DOE) Building America team, Consortium for Residential Buildings (CARB), is working with the EcoVillage cohousing community in Ithaca, New York, on the Third Residential EcoVillage Experience neighborhood. This community-scale project consists of 40 housing units-15 apartments and 25 single-family residences. Units range in size from 450 ft2 to 1,664 ft2 and cost from $80,000 for a studio apartment to $235,000 for a three- or four-bedroom single-family home. The community is pursuing certifications for DOE Zero Energy Ready Home, U.S. Green Building Council Leadership in Energy and Environmental Design Gold, and ENERGY STAR for the entire project. Additionally, seven of the 25 homes, along with the four-story apartment building and community center, are being constructed to the Passive House (PH) design standard.

RealFacts Report, Market Overview, 2Q2014, 8/25/2014. Includes average asking rent and average occupancy.Average asking rent is average for all (studio, 1 bedroom/1 bathroom, 2 bedroom/1 bathroom, etc.).

In June 2019, apartment rental prices peaked in Budapest at nearly four thousand forints per square meter and subsequently decreased to 3.2 thousand by June 2021. However, the average rental price of apartments in the whole country maintained rather similar values over the considered time period.

Overview: This dataset was collected and curated to support research on predicting real estate prices using machine learning algorithms, specifically Support Vector Regression (SVR) and Gradient Boosting Machine (GBM). The dataset includes comprehensive information on residential properties, enabling the development and evaluation of predictive models for accurate and transparent real estate appraisals.Data Source: The data was sourced from Department of Lands and Survey real estate listings.Features: The dataset contains the following key attributes for each property:Area (in square meters): The total living area of the property.Floor Number: The floor on which the property is located.Location: Geographic coordinates or city/region where the property is situated.Type of Apartment: The classification of the property, such as studio, one-bedroom, two-bedroom, etc.Number of Bathrooms: The total number of bathrooms in the property.Number of Bedrooms: The total number of bedrooms in the property.Property Age (in years): The number of years since the property was constructed.Property Condition: A categorical variable indicating the condition of the property (e.g., new, good, fair, needs renovation).Proximity to Amenities: The distance to nearby amenities such as schools, hospitals, shopping centers, and public transportation.Market Price (target variable): The actual sale price or listed price of the property.Data Preprocessing:Normalization: Numeric features such as area and proximity to amenities were normalized to ensure consistency and improve model performance.Categorical Encoding: Categorical features like property condition and type of apartment were encoded using one-hot encoding or label encoding, depending on the specific model requirements.Missing Values: Missing data points were handled using appropriate imputation techniques or by excluding records with significant missing information.Usage: This dataset was utilized to train and test machine learning models, aiming to predict the market price of residential properties based on the provided attributes. The models developed using this dataset demonstrated improved accuracy and transparency over traditional appraisal methods.Dataset Availability: The dataset is available for public use under the [CC BY 4.0]. Users are encouraged to cite the related publication when using the data in their research or applications.Citation: If you use this dataset in your research, please cite the following publication:[Real Estate Decision-Making: Precision in Price Prediction through Advanced Machine Learning Algorithms].

Context

The dataset consists of lists of unique objects of popular portals for the sale of real estate in Russia. More than 540 thousand objects. The dataset contains 540000 real estate objects in Russia.

Content

The Russian real estate market has a relatively short history. In the Soviet era, all properties were state-owned; people only had the right to use them with apartments allocated based on one's place of work. As a result, options for moving were fairly limited. However, after the fall of the Soviet Union, the Russian real estate market emerged and Muscovites could privatize and subsequently sell and buy properties for the first time. Today, Russian real estate is booming. It offers many exciting opportunities and high returns for lifestyle and investment. The real estate market has been in a growth phase for several years, which means that you can still find properties at very attractive prices, but with good chances of increasing their value in the future.

Dataset

The dataset has 13 fields. - date - date of publication of the announcement; - time - the time when the ad was published; - geo_lat - Latitude - geo_lon - Longitude - region - Region of Russia. There are 85 subjects in the country in total. - building_type - Facade type. 0 - Other. 1 - Panel. 2 - Monolithic. 3 - Brick. 4 - Blocky. 5 - Wooden - object_type - Apartment type. 1 - Secondary real estate market; 2 - New building; - level - Apartment floor - levels - Number of storeys - rooms - the number of living rooms. If the value is "-1", then it means "studio apartment" - area - the total area of ​​the apartment - kitchen_area - Kitchen area - price - Price. in rubles

Attention.

The dataset may contain erroneous data due to input errors on services, as well as outliers, and so on.

:)

Using this dataset, we offer Kagglers algorithms that use a wide range of functions to predict real estate prices. Competitors will rely on a vast dataset that includes housing data and macroeconomic models. An accurate forecasting model provides more confidence to its clients in a volatile economy.

The average monthly rent of apartments in California increased substantially 2021, followed by a period of stabilization. In May 2024, the average rent of a two-bedroom apartment cost over 2,200 U.S. dollars, up from 1,849 U.S. dollars in December 2020 before rents started to rise. Nevertheless, not all cities saw rents rise at the same pace.

Analysis of ‘Housing Prices in London’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/arnavkulkarni/housing-prices-in-london on 28 January 2022.

--- Dataset description provided by original source is as follows ---

Content

This dataset comprises of various house listings in London and neighbouring region. It also encompasses the parameters listed below, the definitions of which are quite self-explanatory. • Property Name • Price • House Type - Contains one of the following types of houses (House, Flat/Apartment, New Development, Duplex, Penthouse, Studio, Bungalow, Mews) • Area in sq ft • No. of Bedrooms • No. of Bathrooms • No. of Receptions • Location • City/County - Includes London, Essex, Middlesex, Hertfordshire, Kent, and Surrey. • Postal Code

Inspiration

This dataset has various parameters for each house listing which can be used to conduct Exploratory Data Analysis. It can also be used to predict the house prices in various regions of London by means of Regression Analysis or other learning methods.

--- Original source retains full ownership of the source dataset ---

In the first quarter of 2024, Amsterdam was the most expensive city to rent a furnished one-bedroom apartment among the 23 leading European cities surveyed. At 2,300 euros per month, rent in Amsterdam was more than twice as high as in Brussels. Amsterdam was also the most expensive city to rent a private room.One of the main factors driving high rents across European cities is the same as any other consumer-driven business. If demand outweighs supply, prices will inflate. The drive for high paid professionals to be located centrally in prime locations, mixed with the low levels of available space, high land, and construction costs, all help keep rental prices increasing.

Depending on the location, the average price for a two-bedroom apartment in Mexico City could exceed 300,000 U.S. dollars in 2024. In Miguel Hidalgo, the most expensive borough to buy an apartment in Mexico City, the average apartment price was nearly 439,000 U.S. dollars for a two-bedroom apartment, while a three-bedroom apartment cost over 918,000 U.S. dollars. Among the boroughs ranked in the statistic, Coyoacán had the most affordable prices for a one-bedroom apartment, averaging 121,000 U.S. dollars. Overall, Mexico City has the highest average house price per square meter in Mexico.

This statistic shows the average selling price of apartments, flats and studios in Belgium from 1990 to 2017 (in euros). The European housing, or residential real estate, market has recently shown clear signs of recovery, with an increasing house price being the main trend. In 2017, the average selling price of apartments, flats and studios in Belgium was approximately 226,314 euros.

During the coronavirus (COVID-19) crisis in 2020, apartment prices in Belgium continued increasing. Unsurprisingly, the Brussels-Capital Region was the region with the highest apartment prices.

In 2023, the most expensive residential rental market in Europe was London (inner) with rental costs of approximately 33.8 euros per square meter. Dublin and Paris followed with rental costs of 31.5 and 31.3 euros per square meter. Rents increased across most markets - a trend that could also be observed in the housing market. How much does an apartment cost in different European cities? Renting a furnished studio apartment in some of the leading cities in Europe can cost anywhere between 500 euros monthly (Budapest) and 2,000 euros (Amsterdam) per month. For afurnished one-bedroom apartment in Paris, France, one may be expected to pay on average 1,900 euros monthly. Which countries have the most affordable housing? The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries and is calculated as the nominal house prices divided by a rent price index. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index base was 100. As of the fourth quarter of 2021, Finland, Italy, and Belgium had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to renting.

The Centenary City Plc (CCP) in collaboration with Eagle Hills properties (EHP) is undertaking the construction of a mixed-use community in Federal Capital Territory, Nigeria.The project involves the construction of a master-planned community on a 1,267ha of land comprising residential, commercial, hospitality, retail, leisure, entertainment, arts and cultural facilities. It is being constructed in multiple phases. It includes the construction of The Address serviced apartments, The Address serviced villas, The Address hotels and resorts, International Commercial Center, The Africa Tower, The Mall of Nigeria, an amusement park, an 18-hole golf course, Nigeria heritage park and museum of African arts.The first phase, named as "The Address and Residence", includes the construction of residential and hotel facilities on 25ha of land. It includes the construction of total 21,000 villas and 170 apartment buildings.The Address hotels + resorts includes the construction of a five-star hotel, villas and serviced apartments comprising 10.5ha area for hotel and residential development and 6.3ha area for villas, with gross floor area (GFA) of 520,000m2. It includes the construction of luxury hotel with a spa and wellness center, business center, ballroom and executive club, five residential buildings with 244 serviced apartments (one, two, three-bedroom apartments), 21 luxury villas (four to nine bedrooms) and parking facilities.International Commercial Center includes the construction of six office buildings of 120,000m2 GFA. The Africa Tower includes the construction of a 76-story mixed-use tower comprising 30 levels of apartments and 46 levels of premium offices.The Mall of Nigeria includes the construction of five major retail centers, entertainment and leisure facilities and dining outlets.The Amusement Park includes the construction of a 100,000m2 entertainment complex comprising leisure facilities, retail and dining outlets.The project also includes the construction of a 2,270,000m2 integrated golf community comprising an 18-hole international golf course, a green city on a 500ha area, 13 waterfront retail areas and a 5.5km Formula I Track .In February 2013, the federal government revealed the plans to develop the project.Arkitekt Studio has been appointed as architect, Sterling Partners as legal adviser, Price Waterhouse Coopers as financial consultant, Messrs DDB as marketing consultant, Aecom Technology Corporation as cost consultant, RTKL Associates as master planner, The Address Hotels + Resorts as management contractor for hotel and resort, Hirsch Bedner Associates International Ltd as interior designer, Wimberly, Allison, Tong & Goo (WATG) as architect for villas, HKS Architects as façade contractor, Dar AL-Handasah Consultants as engineering and infrastructure consultant, Arup & Partners International Ltd as consulting engineer and Julius Berger Nigeria Plc as construction contractor. On June 2, 2014, the groundbreaking ceremony held.In November 2014, the actual construction works on the first phase was commenced and are underway with completion scheduled by 2018. Read More

The median monthly apartment rental rate for a one bedroom apartment in San Francisco Bay Area was the highest in Mountain View as of May 2023, at nearly 3,500 U.S. dollars. The median monthly rent for a one bedroom apartment in Vallejo, on the other hand, was aproximately 1,600 U.S. dollars per month.