Rental market snapshot for Sugaw Creek-Ritch Ave, Charlotte

Sugaw Creek-Ritch Ave rental market summary

The rental market in Sugaw Creek-Ritch Ave, North Carolina is showing signs of stability. In July 2023, there were 234 new listings, indicating a healthy level of activity in the market. The median rent for the month was $1,775, which is only a slight increase of .2% from the previous month and the same as the median rent from the same time last year. This suggests that the rental market is not experiencing any significant fluctuations in prices.

Overall, the rental market in Sugaw Creek-Ritch Ave, North Carolina appears to be stable and healthy. The number of new listings is increasing, and the median rent is staying consistent. This indicates that the market is not experiencing any drastic changes in prices or activity, and is likely to remain steady in the near future.

Median rent for all residential properties in Sugaw Creek-Ritch Ave

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The most expensive listings and top trending buildings in Sugaw Creek-Ritch Ave

Most Expensive Listings

AddressRent PriceBed / Bath
204 Monarch Creek Ln$2,7953 / 3.5
204 Monarch Creek Lane$2,5953 / 4.0
204 Monarch Creek Ln$2,5953 / 3.5
2511 Anna Garrison Rd$2,4103 / 2.5
3922 Damask Drive$1,9553 / 2.5

Top Trending Buildings

building nameavg rent price
FriedLam Partners LLC$1,300
Friedlam Partners$1,225

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Bedroom Breakdown in Sugaw Creek-Ritch Ave

Studio
$1,385
MEDIAN RENT
1 Bedroom
$1,300
MEDIAN RENT
2 Bedroom
$1,600
MEDIAN RENT

Sugaw Creek-Ritch Ave neighborhood apartments rents

The rental market for studios in Sugaw Creek-Ritch Ave, North Carolina appears to be stable, with only one new studio listing in November 2022. The median rent for studios in November 2022 is $1,385, indicating that the rental market is not experiencing any significant changes in pricing. However, without data for October 2022, it is not possible to determine the exact percent change in rent from October to November. Overall, the rental market for studios in Sugaw Creek-Ritch Ave, North Carolina appears to be relatively stable.

The rental market for 1-bedroom apartments in Sugaw Creek-Ritch Ave, North Carolina is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,300, a 2.8% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.

The rental market for 2-bedroom apartments in Sugaw Creek-Ritch Ave, North Carolina is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, which is a positive sign for the rental market. The median rent for 2-bedroom apartments in July 2023 was $1,600, which is a 4.1% increase from the median rent in June 2023. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.

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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 Sugaw Creek-Ritch Ave is $1,775.
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