Rental market snapshot for Mineral Springs-Rumble Road, Charlotte
Mineral Springs-Rumble Road rental market summary
The rental market in Mineral Springs-Rumble Road, North Carolina is showing signs of growth. In July 2023, there were 1,037 new listings, a sign that the rental market is expanding. The median rent in July 2023 was $1,880, a 0.5% increase from the previous month and a 3.0% increase from the same time last year. This indicates that rental prices are increasing, likely due to increased demand for rental properties in the area.
Overall, the rental market in Mineral Springs-Rumble Road, North Carolina is showing signs of growth. The number of new listings is increasing and rental prices are on the rise. This is likely due to increased demand for rental properties in the area, and it is a positive sign for the local rental market.
Median rent for all residential properties in Mineral Springs-Rumble Road
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The most expensive listings and top trending buildings in Mineral Springs-Rumble Road
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1015 Adams Park Dr Apt 1117 | $3,058 | 3 / 2.0 |
| 2423 Fabyan Ln | $2,710 | 4 / 2.5 |
| 6339 Pink Dogwood Lane | $2,525 | 4 / 2.5 |
| 6339 Pink Dogwood Ln | $2,525 | 4 / 2.5 |
| 7214 Cypress Ridge Dr | $2,349 | 4 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Flournoy Properties | $1,749 |
| GIG | $1,498 |
| Greystar* | $1,476 |
| RangeWater Residential (fka Matrix Residential) | $1,410 |
| First Communities | $1,401 |
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Bedroom Breakdown in Mineral Springs-Rumble Road
Mineral Springs-Rumble Road neighborhood apartments rents
The rental market for studios in Mineral Springs-Rumble Road, North Carolina, is showing signs of stability. In July 2023, there were two new studio listings, and the median rent for studios remained relatively unchanged from June 2023, decreasing by only 1.9%. This suggests that the rental market for studios in Mineral Springs-Rumble Road is stable and that there is a steady supply of rental units available.
The rental market for 1-bedroom apartments in Mineral Springs-Rumble Road, North Carolina is showing signs of growth. In July 2023, there were 20 new 1-bedroom listings, which is a positive sign for the rental market. Additionally, the median rent for 1-bedroom apartments increased by 3.5% from June 2023 to July 2023, from $1,403 to $1,452. This indicates that demand for 1-bedroom apartments is increasing, and that the rental market is likely to continue to grow in the coming months.
The rental market for 2-bedroom apartments in Mineral Springs-Rumble Road, North Carolina is showing signs of growth. In July 2023, there were 21 new 2-bedroom listings, a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,799, a 2.8% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords increasing their prices to meet the demand for 2-bedroom apartments.