Rental market snapshot for Madison Park, Charlotte
Madison Park rental market summary
The rental market in Madison Park, North Carolina is showing signs of growth. In July 2023, there were 113 new listings, a 3.1% increase from the previous month. This indicates that the rental market is becoming more competitive, as more people are looking for rental properties in the area. The median rent in July 2023 was $1,739, a 3.4% increase from the same time the previous year. This suggests that rental prices are on the rise, as demand for rental properties continues to increase.
Overall, the rental market in Madison Park, North Carolina is showing signs of growth. With more listings and increasing rental prices, it is becoming a more attractive option for potential renters. With the current trend of growth, it is likely that the rental market in Madison Park will continue to expand in the coming months.
Median rent for all residential properties in Madison Park
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The most expensive listings and top trending buildings in Madison Park
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 4652 Hunter Crest Ln | $3,700 | 3 / 2.5 |
| 5243 Murrayhill Rd | $3,375 | 3 / 2.0 |
| 517 Ebb Pl | $2,900 | 3 / 2.5 |
| 1615 Mockingbird Ln | $2,520 | 2 / 2.0 |
| 1615 Mockingbird Ln | $2,390 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Wood Partners | $1,630 |
| Olympus Multifamily Management LLC DBA Olympus Pro | $1,549 |
| Olympus Property Management | $1,497 |
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Bedroom Breakdown in Madison Park
Madison Park neighborhood apartments rents
The rental market for studios in Madison Park, North Carolina is showing signs of growth. In July 2023, there were 3 new studio listings, and the median rent for studios increased by 2.8% from June 2023 to July 2023, from $1,334 to $1,372. This indicates that the demand for studio apartments in Madison Park is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Madison Park, North Carolina is showing signs of stability. In July 2023, there were 3 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 3.4% from June 2023 to July 2023, settling at $1,549. This suggests that the rental market is not experiencing any major fluctuations, and that the prices of 1-bedroom apartments are staying relatively consistent.
The rental market for 2-bedroom apartments in Madison Park, North Carolina is showing signs of growth. In July 2023, there were 8 new 2-bedroom listings, a 22.7% increase in median rent from June 2023 to July 2023, and a median rent of $2,118. This indicates that the rental market for 2-bedroom apartments in Madison Park is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.