Rental market snapshot for Optimist Park, Charlotte

Optimist Park rental market summary

The rental market in Optimist Park, North Carolina, is showing signs of growth. In July 2023, there were 134 new listings, a sign that the rental market is expanding. The median rent in July 2023 was $1,799, a decrease of .6% from June 2023, but an increase of 3.5% from July 2022. This suggests that the rental market is slowly increasing in value, and that the demand for rental properties is on the rise.

Overall, the rental market in Optimist Park, North Carolina, is showing signs of growth. The number of new listings is increasing, and the median rent is slowly rising. This indicates that the rental market is becoming more competitive, and that the demand for rental properties is increasing. With more people looking for rental properties, landlords can expect to see higher rents in the near future.

Median rent for all residential properties in Optimist Park

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The most expensive listings and top trending buildings in Optimist Park

Most Expensive Listings

AddressRent PriceBed / Bath
525 E 21st St$5,0853 / 3.0
256 Parkwood Ave$3,5003 / 3.5
515 Jordan Pl$3,3892 / 2.0
515 Jordan Pl$3,3792 / 2.0
515 Jordan Pl$2,9793 / 2.0

Top Trending Buildings

building nameavg rent price
Greystar*$2,051
Greystar - Southeast Division$1,814
Camden$1,748
Wood Partners$1,741

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Bedroom Breakdown in Optimist Park

Studio
$1,404
MEDIAN RENT
1 Bedroom
$1,759
MEDIAN RENT
2 Bedroom
$2,279
MEDIAN RENT

Optimist Park neighborhood apartments rents

The rental market for studios in Optimist Park, North Carolina is showing a slight increase in July 2023, with 10 new listings and a median rent of $1,404, representing a .4% increase from the median rent of $1,399 in June 2023. This indicates that the rental market for studios in Optimist Park is stable and may be slowly increasing.

The rental market for 1-bedroom apartments in Optimist Park, North Carolina is showing signs of growth. In July 2023, there were 28 new 1-bedroom listings, a 1.2% increase in median rent from June 2023 to July 2023, and a median rent of $1,759. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.

The rental market for 2-bedroom apartments in Optimist Park, North Carolina is showing signs of growth. In July 2023, there were 27 new 2-bedroom listings, which is a 2.5% increase from the median rent in June 2023. The median rent for 2-bedroom apartments in July 2023 was $2,279, which is slightly lower than the median rent in June 2023. This suggests that the rental market is becoming more competitive, with more options available for renters.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Optimist Park is $1,799.
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