Rental market snapshot for Shannon Park, Charlotte

Shannon Park rental market summary

The rental market in Shannon Park, North Carolina is showing signs of growth. In July of 2023, there were 151 new listings, a 5.6% increase from the same time last year. The median rent for the area also increased by .6% from June to July of 2023, and by 5.6% from July of 2022 to July of 2023. This indicates that the rental market in Shannon Park is becoming increasingly competitive, with more people looking to rent in the area.

The increasing demand for rental properties in Shannon Park is likely due to the area's growing popularity. With its close proximity to major cities and its abundance of outdoor activities, Shannon Park is becoming an increasingly desirable place to live. As more people move to the area, the rental market is likely to continue to grow and become more competitive.

Median rent for all residential properties in Shannon Park

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The most expensive listings and top trending buildings in Shannon Park

Most Expensive Listings

AddressRent PriceBed / Bath
5104 Snowdrop Dr$2,0254 / 2.0
1523 Saffron Ct$1,9003 / 1.0
5313 Coburg Avenue$1,8003 / 2.0
1914 Willie Worrell Dr$1,7853 / 2.5
2321 Finchley Dr$1,7854 / 1.5

Top Trending Buildings

building nameavg rent price
Peak Living$918

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Bedroom Breakdown in Shannon Park

1 Bedroom
$918
MEDIAN RENT
2 Bedroom
$1,604
MEDIAN RENT

Shannon Park neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Shannon Park, North Carolina, for studios.

The rental market for 1-bedroom apartments in Shannon Park, North Carolina is relatively stable. In July 2023, there was only one new listing, and the median rent for 1-bedroom apartments decreased by 5.1% from June 2023 to July 2023, from $967 to $918. This suggests that the rental market is not experiencing any significant changes in the short-term.

The rental market for 2-bedroom apartments in Shannon Park, North Carolina appears to be relatively stable, with only one new listing in July 2023. The median rent for 2-bedroom apartments in July 2023 was $1,604, indicating that there has been no significant change in rent from June 2023. This suggests that the rental market in Shannon Park is relatively stable and that there is a steady demand for 2-bedroom apartments.

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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 Shannon Park is $1,600.
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