Rental market snapshot for Cedonia, Baltimore
Cedonia rental market summary
The rental market in Cedonia, Maryland is showing signs of growth. In July of 2023, there were 41 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,220, a 13.2% increase from the previous month and a 10.9% increase from the same time last year. This indicates that the rental market in Cedonia is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Cedonia is likely due to the area's attractive amenities and convenient location. With its close proximity to Washington, D.C., and its many parks and recreational activities, Cedonia is an ideal place to live for those looking for a more suburban lifestyle. With the increasing demand for rental properties, it is likely that the median rent will continue to rise in the coming months.
Median rent for all residential properties in Cedonia
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The most expensive listings and top trending buildings in Cedonia
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 5436 Force Rd | $1,899 | 3 / 2.0 |
| 5402 Radecke Avenue | $1,495 | 3 / 1.0 |
| 6004 Moravia Park Dr | $1,302 | 2 / 1.0 |
| 5709 Adleigh Ave | $1,190 | 2 / 1.0 |
| 4808 Hamilton Ave | $1,174 | 1 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Home Sales | $1,174 |
| Regional Management | $781 |
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Bedroom Breakdown in Cedonia
Cedonia neighborhood apartments rents
The rental market for studios in Cedonia, Maryland appears to be relatively stable, with only one new listing in July 2023. The median rent for studios in July 2023 was $656, though the median rent for studios in May 2023 is not available, so it is not possible to determine the percent change in rent from May to July. Overall, the rental market for studios in Cedonia appears to be relatively stable.
The rental market for 1-bedroom apartments in Cedonia, Maryland is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $782, a 22.6% decrease from the median rent in June 2023 of $1,010. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 2-bedroom apartments in Cedonia, Maryland is showing signs of improvement. In July 2023, there were two new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in July 2023 was $1,034, which is a 17.1% decrease from the median rent in May 2023 of $1,248. This indicates that the rental market is becoming more affordable for tenants.