Rental market snapshot for Southmoreland, Kansas City
Southmoreland rental market summary
The rental market in Southmoreland, Missouri is showing signs of growth. In July 2023, there were 44 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,100, an 11.7% increase from the previous month and a 7.9% increase from the same time last year. This suggests that the rental market in Southmoreland is becoming more competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Southmoreland is likely due to the area's growing population and economy. With more people looking for housing, the rental market is becoming more competitive, leading to higher rents. This is good news for landlords, who can expect to see higher returns on their investments. However, it is important to note that the rental market is still relatively affordable, with the median rent still below the national average.
Median rent for all residential properties in Southmoreland
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The most expensive listings and top trending buildings in Southmoreland
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 4322 Rockhill Rd | $2,500 | 3 / 2.0 |
| 3924 Warwick Blvd | $2,395 | 4 / 2.5 |
| 4060 McGee St | $1,899 | 2 / 2.0 |
| 112 E 43rd St | $1,500 | 2 / 2.0 |
| 3920 McGee St | $1,495 | 2 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| COHEN ESREY LLC | $1,425 |
| Clemons Real Estate | $820 |
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Bedroom Breakdown in Southmoreland
Southmoreland neighborhood apartments rents
The rental market for studios in Southmoreland, Missouri is relatively stable. In July 2023, there was only one new studio listing, indicating that the market is not experiencing a large influx of new properties. The median rent for studios in July 2023 was $775, which is a 2.5% decrease from the median rent in June 2023 of $795. This suggests that the rental market for studios in Southmoreland is not experiencing significant changes in pricing.
The rental market for 1-bedroom apartments in Southmoreland, Missouri is showing signs of growth in July 2023. There are 3 new 1-bedroom listings, and the median rent has decreased by 7.8% from June 2023 to July 2023, from $895 to $825. This indicates that the rental market is becoming more competitive, and renters may be able to find better deals in the area.
The rental market for 2-bedroom apartments in Southmoreland, Missouri appears to be stable, with three new listings in July 2023 and a median rent of $1,095. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for 2-bedroom apartments in Southmoreland appears to be steady.