Somerville Apartment Vacancy Rate At Surprising Low

Jan. 22, 2013 - PRLog -- This number was determined by analyzing data from their massive apartment listing database. Excluding luxury rental units, the 3,321 apartments listed in Somerville produced the 1.02% vacancy rate. Somerville Pads acknowledged that this is the lowest amount of available apartments that they have ever recorded.

This low number of available apartments will have different effects for Somerville landlords and prospective tenants.

For landlords with apartments in Somerville, the low vacancy rate means that demand for their units will be higher than it has been in the past. They will be able to benefit from charging higher rental prices on their units, since the demand for Somerville apartments is so high.

For renters, the outlook in Somerville may not look good, but that should serve as motivation for them to get going on finding a new Somerville apartment as soon as possible. Renters determined to rent in Somerville should make sure that they’re connected with a qualified real estate agent that knows the ins and outs of the Somerville real estate market. With so few apartments available, getting a head start on the competition is of paramount importance.

To connect with a real estate agent or learn more about available Somerville apartment listings and landlord services, visit http://www.SomervillePads.com