Rental market snapshot for Magnolia Center, Riverside
Magnolia Center rental market summary
The rental market in Magnolia Center, California is showing signs of growth. In July 2023, there were 51 new listings, a 12.6% increase from June 2023. This is a positive sign for the rental market, as it indicates that more people are interested in renting in the area. The median rent also increased from $1,950 in June 2023 to $2,195 in July 2023, a 12.6% increase. This is a significant increase from the median rent of $2,645 in July 2022, a 17.0% decrease. This suggests that the rental market in Magnolia Center is becoming more affordable, making it an attractive option for potential renters.
Overall, the rental market in Magnolia Center is showing signs of growth and improvement. With more new listings and a decrease in median rent, the area is becoming more attractive to potential renters. This is a positive sign for the rental market in Magnolia Center, and it is likely that the trend of growth and improvement will continue in the future.
Median rent for all residential properties in Magnolia Center
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The most expensive listings and top trending buildings in Magnolia Center
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 6705 Saint James Ct | $3,800 | 3 / 2.0 |
| 4800 Arlington Ave | $3,300 | 3 / 2.0 |
| 3661 Merrill Ave | $3,195 | 2 / 2.0 |
| 3661 Merrill Ave | $2,999 | 2 / 2.0 |
| 6979 Palm Ct | $2,800 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| The REMM Group | $2,525 |
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Bedroom Breakdown in Magnolia Center
Magnolia Center neighborhood apartments rents
The rental market for studios in Magnolia Center, California appears to be relatively stable, with only one new studio listing in May 2022. The median rent for studios in May 2022 is $1,395, indicating that the rental market is not experiencing any significant changes in pricing. Unfortunately, no data is available for April 2022, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for studios in Magnolia Center appears to be relatively stable.
The rental market for 1-bedroom apartments in Magnolia Center, California, remains steady in July 2023 with the addition of three new listings. The median rent for 1-bedroom apartments remains unchanged from June 2023 at $2,500, indicating that the rental market is stable. Overall, the rental market for 1-bedroom apartments in Magnolia Center, California, is stable and shows no signs of significant change in the near future.
The rental market for 2-bedroom apartments in Magnolia Center, California is showing signs of stability. In July 2023, there were 5 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 3.4% from June 2023 to July 2023, settling at $2,999. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.