Rental market snapshot for Central, Raleigh

Central rental market summary

The rental market in Central, North Carolina is showing signs of growth. In July 2023, there were 115 new listings, a 2.0% increase from the previous month. The median rent also increased from $1,985 in June 2023 to $2,024 in July 2023, a 3.9% increase from the same month in the previous year. This indicates that the rental market in Central, North Carolina is on the rise and is becoming more attractive to potential renters.

The increasing number of new listings and the rising median rent in Central, North Carolina suggest that the rental market is becoming more competitive. This could be due to the increasing demand for rental properties in the area, as more people are looking to move to Central, North Carolina. With more people looking to rent in the area, landlords are able to charge higher rents and attract more tenants. This is a positive sign for the rental market in Central, North Carolina, as it indicates that the area is becoming more desirable for renters.

Median rent for all residential properties in Central

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The most expensive listings and top trending buildings in Central

Most Expensive Listings

AddressRent PriceBed / Bath
401 W Hargett St$3,1172 / 2.0
401 W Hargett St$3,0222 / 2.0
511 Fayetteville St$3,0152 / 2.0
819 S Blount St$3,0003 / 2.5
511 Fayetteville St$2,8642 / 2.0

Top Trending Buildings

building nameavg rent price
Continental Realty Corporation$1,951
Drucker and Falk LLC$1,820
Greystar*$1,777

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Bedroom Breakdown in Central

Studio
$1,530
MEDIAN RENT
1 Bedroom
$1,854
MEDIAN RENT
2 Bedroom
$2,677
MEDIAN RENT

Central neighborhood apartments rents

The rental market for studios in Central, North Carolina is showing signs of growth. In July 2023, there were 12 new studio listings, which is a positive sign for the market. The median rent for studios in July 2023 was $1,530, which is a 6.4% decrease from the median rent in June 2023 of $1,635. This suggests that the rental market for studios in Central, North Carolina is becoming more affordable, which could lead to increased demand in the future.

The rental market for 1-bedroom apartments in Central, North Carolina is showing signs of growth. In July 2023, there were 14 new 1-bedroom listings, a 2.2% increase in median rent from June 2023 to July 2023, and a median rent of $1,854. 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 Central, North Carolina is showing signs of growth. In July 2023, there were 16 new 2-bedroom listings, representing a 1.2% increase in median rent from June 2023. The median rent for 2-bedroom apartments in July 2023 was $2,677, indicating that the rental market is on the rise. This is good news for potential renters in the area, as it suggests that there is an increasing number of options available.

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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 Central is $2,024.
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