Rental market snapshot for Five Points, Raleigh

Five Points rental market summary

The rental market in Five Points, North Carolina is showing signs of growth. In July 2023, there were 25 new listings, a 5.3% increase from the previous month. This is a positive sign for the local rental market, as it indicates that more people are interested in renting in the area. Additionally, the median rent in July 2023 was $2,000, a 13.0% increase from the same time last year. This suggests that the rental market in Five Points is becoming more competitive, as demand for rental properties is increasing.

Overall, the rental market in Five Points is looking positive. With more listings and higher rents, it is becoming an attractive option for those looking for a place to live. With the increasing demand, it is likely that the rental market in Five Points will continue to grow in the near future.

Median rent for all residential properties in Five Points

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The most expensive listings and top trending buildings in Five Points

Most Expensive Listings

AddressRent PriceBed / Bath
2525 Medway Dr$4,2004 / 2.5
505 Cleveland St$3,3952 / 2.0
708 Glenwood Ave$3,2003 / 2.0
823 Cotton Exchange Ct$2,5003 / 2.5
1062 Washington St$2,4002 / 2.0

Top Trending Buildings

building nameavg rent price
Zillow$1,295

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Bedroom Breakdown in Five Points

Studio
$1,100
MEDIAN RENT
1 Bedroom
$1,295
MEDIAN RENT
2 Bedroom
$1,798
MEDIAN RENT

Five Points neighborhood apartments rents

The rental market for studios in Five Points, North Carolina appears to be relatively stable, with only one new studio listing in May 2022. The median rent for studios in May 2022 is $1,100, though the median rent for April 2022 is not available, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for studios in Five Points appears to be relatively stable, with only one new listing in May 2022.

The rental market for 1-bedroom apartments in Five Points, North Carolina, in May 2023 is relatively stable. There were three new 1-bedroom listings in May 2023, and the median rent for 1-bedroom apartments remained the same from April to May 2023, at $1,295. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.

The rental market for 2-bedroom apartments in Five Points, North Carolina is showing signs of growth. In May 2023, there were 4 new 2-bedroom listings, representing a 17.9% increase in rent from April 2023. The median rent for 2-bedroom apartments in May 2023 was $1,798, which is significantly higher than the median rent of $1,525 in April 2023. This indicates that the rental market for 2-bedroom apartments in Five Points is on the rise and is likely to continue to increase in the coming months.

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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 Five Points is $2,000.
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