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RENTAL INSIGHTS BY AREA

Renters Portal

Radix was founded with a singular mission: provide the best analytics and insights to promote economic liberty by giving users market performance transparency to make informed decisions. Our data is fully accessible to prospective renters so you can understand market dynamics, review rents, and make informed decisions as you search for your next place to live.

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Get estimated rents based on location, bedroom type and square footage.

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Select a market to see which areas best fit your financial goals.

Data Definitions and Insights

NER stands for Net Effective Rent, which includes all concessions and discounts for a 12-month lease. When looking for best rental rates, consider different neighborhoods or ZIP codes, as sometimes availability can be drastically different thus offering much better rental rates. It is also recommended to ask each property what additional monthly charges are mandatory or elective, such as trash collections, renter’s insurance, internet, or package lockers. This will allow you to budget exactly how much you will pay on monthly basis.

Occupancy is the percentage of overall units (apartments) that are occupied. This is helpful to understand in context of NER (Net Effective Rent), as the higher the occupancy in an apartment the more likely it is that rental rates will also be higher. Like airfares or hotels, the fuller a property gets the more rents will go up on the remaining units that are available.

ATR stands for Apartments to Rent, or units (apartments) available in the next 60 days. When stated as a percentage, this means the portion of the property that will have availability in the next 60 days. As an example, an 8% ATR means that roughly 8% of the units in a property will be available in the next 60 days. This number is very fluid since leases are signed/cancelled or renewed on daily basis, but it is a good barometer to check where there might be more apartments available as you search for the next place to live. Consider different ZIP codes or neighborhoods as availability can vary greatly. There are many factors that go into a rental price, such as product, location, amenities offered and the like, but generally the higher the availability the more likely price will be favorable (similar to occupancy percentage). Keep in mind that sometimes overall availability might be high for a property, but it is low or non-existent on certain floorplans or unit types (or vice-versa), thus impacting pricing on those units.

Traffic denotes the number of visitors per week looking for an apartment. This metric is mainly used for property’s internal purposes to understand visibility and drive marketing. However, it is only a portion of possible visitors looking for apartments as it might not include those who are looking online, calling a property, or have visited the property multiple times. As you look for an apartment, this metric will be helpful to see which ZIP codes or neighborhoods are seeing interest from other potential renters.

Leases denotes the number of leases signed per week for a property. Number of leases is a rough estimate of how many renters have expressed interest to live in that property. As you look for an apartment, this metric will be helpful to see which ZIP codes or neighborhoods are seeing interest from other potential renters. This number is fluid and changes as renters sometimes delay, postpone, or cancel entirely their expected move-ins.

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