How is the median rental price data calculated?

Median rental price data is determined by the advertised weekly rent of a property that falls in the middle of rental properties listed over a period.

The median is the middle number in a sorted list of numbers. Therefore, if the rental price of three separate properties were to be $300, $320 and $400 then the median sale price would be $320.

For more information on where the median rental price are sourced from, click through here.

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