Rental market snapshot for Newell South, Charlotte
Newell South rental market summary
The rental market in Newell South, North Carolina is showing signs of stability. In July 2023, there were 372 new listings, indicating that the rental market is still active and growing. The median rent for the month of July 2023 was $1,910, which is the same as the median rent for June 2023. This suggests that the rental market is not experiencing any significant changes in pricing. Furthermore, the median rent for July 2023 is only 0.8% higher than the median rent for July 2022, indicating that the rental market is not experiencing any significant inflation.
Overall, the rental market in Newell South, North Carolina appears to be stable and healthy. The number of new listings is increasing, and the median rent is not experiencing any significant changes. This suggests that the rental market is not experiencing any major fluctuations in pricing or availability. As such, renters in Newell South can expect to find a wide variety of rental options at reasonable prices.
Median rent for all residential properties in Newell South
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The most expensive listings and top trending buildings in Newell South
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1215 Torrance Grove Church Rd | $2,980 | 4 / 2.5 |
| 5025 Wembley Central Ln | $2,570 | 3 / 2.0 |
| 1122 Rankin Oaks Street | $2,549 | 4 / 2.5 |
| 1122 Rankin Oaks Street | $2,489 | 4 / 2.5 |
| 6638 Pattonsburg Dr | $2,445 | 4 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Bell Partners Inc. | $1,548 |
| American Landmark Management LLC | $1,493 |
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Bedroom Breakdown in Newell South
Newell South neighborhood apartments rents
The rental market for studios in Newell South, North Carolina, is showing signs of growth in July 2023. There are three new studio listings, and the median rent for studios has decreased by 5.8% from June 2023 to July 2023, from $1,560 to $1,470. This suggests that the rental market for studios in Newell South is becoming more competitive, with more options available for renters.
The rental market for 1-bedroom apartments in Newell South, North Carolina is showing signs of growth. In July 2023, there were 8 new 1-bedroom listings, representing an increase in the number of available units. The median rent for 1-bedroom apartments in July 2023 was $1,560, a 4.1% increase from the median rent in June 2023. This suggests that demand for 1-bedroom apartments is increasing, and that the rental market is becoming more competitive.
The rental market for 2-bedroom apartments in Newell South, North Carolina is showing signs of growth. In July 2023, there were 9 new 2-bedroom listings, representing an increase in available rental units. The median rent for 2-bedroom apartments in July 2023 was $1,890, a 10.0% increase from the median rent in June 2023 of $1,718. This suggests that demand for 2-bedroom apartments is increasing, and that rental prices are likely to continue to rise in the near future.