Rental market snapshot for First Ward, Charlotte
First Ward rental market summary
The rental market in First Ward, North Carolina is showing signs of growth. In July 2023, there were 100 new listings, indicating an increase in demand for rental properties in the area. The median rent for the month of July 2023 was $2,036, which is a 3.0% increase from the previous month and a 3.1% increase from the same time last year. This suggests that rental prices in First Ward are on the rise, likely due to increased demand for rental properties in the area.
Overall, the rental market in First Ward, North Carolina appears to be healthy and growing. With an increase in new listings and a steady rise in median rent prices, it is likely that the rental market in First Ward will continue to grow in the coming months. This could be a great opportunity for potential renters and landlords alike to take advantage of the current market conditions.
Median rent for all residential properties in First Ward
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The most expensive listings and top trending buildings in First Ward
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
512 N College St | $4,791 | 2 / 2.0 |
512 N College St #3201 | $4,759 | 2 / 3.0 |
512 N College St | $4,344 | 2 / 2.0 |
512 N College St | $4,331 | 2 / 2.0 |
512 N College St | $4,096 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Mill Creek Residential Trust (new) | $1,908 |
Quarterra | $1,874 |
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Bedroom Breakdown in First Ward
First Ward neighborhood apartments rents
The rental market for studios in First Ward, North Carolina is showing signs of growth. In July 2023, there were 7 new studio listings, representing an increase in the number of available rental units. The median rent for studios in July 2023 was $1,658, a 5.4% increase from the median rent in June 2023 of $1,572. This suggests that demand for studio rentals is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in First Ward, North Carolina is showing signs of growth. In July 2023, there were 18 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,851, a 3.0% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in First Ward, North Carolina is showing signs of growth and increased competition.
The rental market for 2-bedroom apartments in First Ward, North Carolina is showing signs of growth. In July 2023, there were 18 new 2-bedroom listings, which is a 9.6% increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $2,740, which is a decrease of 9.6% from the median rent in June 2023. This indicates that the rental market is becoming more affordable for tenants, and that there is an increasing demand for 2-bedroom apartments in the area.