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Silver Spring (Aspen Hill) Md. 20906 - Rental Market report - January 2010

By
Real Estate Agent with Weichert Realtors - Aspen Hill MD581725

Silver Spring (Aspen Hill) Md. 20906 - Rental Market report - January 2010

This market report is to cover RENTALS in the Silver Spring Md. 20906 zip code, except for those in the senior citizen's community of Leisure World.  A report on conditions in that community can be found in a separate post.  For more Market Reports on the area check on the index of similiar reports.

At the time of this report (01/23/2010) there are 30 units available for rent in the area cover by this report.  Since December 23, 2009 there have been a total of eight leases signed to rent homes in the report area, with the average time on market being two months (60 days).  Some of the homes are condo, townhouses, and couple of detached home too.

 

One Bedroom

Currently there are two one-bedroom apartments on the market for rent.  These apartments are listed for rent at $850 and $1050; both include your utilities short of telephone.  They have been on the market with the current Realtor for an average just short of two months (56 days).

 At this time there are no applications being considered by landlords to rent one-bedroom units in the report area.  Since December 23, 2009 no one-bedroom unit has had a lease signed on it.  

Two bedroom

Currently there are three two-bedroom units on the market for rent.  The least expensive unit is for $1250/month while the most expensive is $1350/month, with the average being $1316/month.  While the most recent rental has been on the market for less than one week (5 day) the longest has been on the market for nearly seven months (215 days), with the average being nearly three months (88 days).

At this time there is one application being considered by landlords to rent two-bedroom units in the report area.  The apartment was last listed at $1100/month and had been on the market for just over a month (38 days).

Since December 23, 2009 only one two-bedroom units have had leases signed in the report area.  The homes were rented from  $1200  and was on the market for less than a month (26 days).

Three Bedroom

Currently there are 13 three-bedroom units on the market for rent.  The least expensive unit is for $1375/month while the most expensive is $2000/month, with the average being $1687/month.  While the most recent one has been on the market for less than a week (2 day) the longest has been on the market for just over eight months (245 days), with the average being nearly two months (56 days) with the current Realtor.

At this time there are applications rent on three units being considered by landlords to rent three-bedroom units in the report area.  The least expensive of these home was listed for $1450, the most expensive being $1950/month, with the average being $1631/month.  The days on market ranged from just about one week (8 days) to one and a half months (48 days), with the average being less than a month (28 days).

Since December 23, 2009, five three-bedroom units have has leases signed in the report area.  The least expensive of these home was rented for $1450, the most expensive being $1975/month, with the average being $1728/month.  The days on market ranged from less than a week (5 days) to just approaching five months (148 days), with the average being just over two months (62 days).

Four Bedrooms

Currently there are five four-bedroom units on the market for rent.  The least expensive unit is for $1700/month while the most expensive is $1965/month, with the average being $1822/month.  While the most recent one has been on the market for less than a week ( 5 day) the longest has been on the market for a little over five months (158 days), with the average being over two months (71 days) with the current Realtor.

At this time there are no four-bedroom rental in the area of this report for which an application has been accept and the lease not signed.

Since December 23, 2009, only one four-bedroom units have has leases signed in the report area.  This detached home rented for $1695 and was on the market with the current Realtor for less than two months (50 days).

Five Bedrooms

Currently there are two one-bedroom apartments on the market for rent.  These apartments are listed for rent at $1850 and $2500.  They have been on the market with the current Realtor for an average just over one month (35 days).   At this time there are no applications being considered by landlords to rent five-bedroom units in the report area.

Since December 23, 2009, no five-bedroom units have has leases signed in the report area.

Six Bedrooms

At the time of this report there are no six-bedroom homes for rent in the report area, nor any applications to rent pending.  There has been one lease signed to rent a six-bedroom detached home with a two car garage.  The home rented for $2700/month and was on the market for just over three months (97 days).

If you or anyone you know would be interested in one of these homes, or looking for more detail on this set of homes, please get in contact with me. 

Posted by

Robert J. Force
Weichert Realtors - Silver Spring / Aspen Hill
3816 International Dr        
Silver Spring, Md. 20906

            
(301) 237-2277  (c)
(301) 681-0550  (O)

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