Rental market snapshot for South Park, San Diego
South Park rental market summary
The rental market in South Park, California is showing signs of stability. In July 2023, there were 30 new listings, indicating that the market is still active. The median rent for the month was $2,700, a slight decrease of 5.3% from the previous month. However, when compared to the same month in the previous year, the median rent has increased by 6.7%. This suggests that the rental market in South Park is slowly recovering from the effects of the pandemic.
Overall, the rental market in South Park is showing signs of improvement. With more new listings and a steady increase in median rent, the market is slowly returning to pre-pandemic levels. With the right strategies and investments, landlords and tenants can benefit from the current market conditions.
Median rent for all residential properties in South Park
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The most expensive listings and top trending buildings in South Park
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1827 Bancroft St | $4,900 | 3 / 2.5 |
3394 A St | $4,800 | 3 / 1.5 |
3270 Cedar St | $3,200 | 0 / 1.0 |
1010 33rd St | $3,195 | 2 / 2.0 |
2219 Fern St | $3,150 | 2 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
TORREY PINES PROPERTY MGMT. INC. | $2,295 |
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Bedroom Breakdown in South Park
South Park neighborhood apartments rents
The rental market for studios in South Park, California is showing signs of growth. In May 2022, there will be three new studio listings, and the median rent for studios is expected to increase by 39.3% from April 2022 to May 2022, from $1,795 to $2,500. This indicates that the demand for studio apartments in South Park is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in South Park, California is relatively stable. In June 2023, there was only one new listing, and the median rent was $2,295, which is a 3.3% decrease from the median rent in May 2023. This suggests that the rental market is not experiencing any significant changes in the short-term.
The rental market for 2-bedroom apartments in South Park, California is showing signs of growth. In May 2023, there were two new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in May 2023 was $3,198, which is a 10.4% increase from the median rent in April 2023 of $2,895. This indicates that the rental market for 2-bedroom apartments in South Park is on the rise and is likely to continue to increase in the coming months.