Rental market snapshot for Hillsborough, Raleigh
Hillsborough rental market summary
The rental market in Hillsborough, North Carolina is showing signs of growth. In July 2023, there were 116 new listings, which is a significant increase from the previous month. The median rent in July 2023 was $1,870, which is a 7.2% increase from June 2023 and a 2.5% increase from July 2022. This indicates that the rental market is continuing to grow and that demand for rental properties is increasing.
Overall, the rental market in Hillsborough, North Carolina is in a healthy state. The number of new listings is increasing, and the median rent is also increasing, albeit at a slower rate. This suggests that the rental market is stable and that demand is strong. With the continued growth of the rental market, it is likely that the median rent will continue to increase in the coming months.
Median rent for all residential properties in Hillsborough
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The most expensive listings and top trending buildings in Hillsborough
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1820 Park Dr | $5,500 | 4 / 3.5 |
| 1820 Park Dr | $5,500 | 4 / 4.0 |
| 600 Saint Marys St | $3,699 | 3 / 2.5 |
| 717 Tucker St | $3,656 | 2 / 2.0 |
| 600 Saint Marys St | $3,065 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar Real Estate Partners LLC | $1,784 |
| Greystar Real Estate - National - JPM | $1,747 |
| Nordblom Company | $1,735 |
| FCA Management LLC | $1,605 |
| Greystar* | $1,574 |
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Bedroom Breakdown in Hillsborough
Hillsborough neighborhood apartments rents
The rental market for studios in Hillsborough, North Carolina appears to be relatively stable, with only one new studio listing in July 2023. The median rent for studios in July 2023 was $1,606, indicating that the rental market is not experiencing any significant changes. Unfortunately, no data is available for the median rent in studios in June 2023, so it is not possible to determine the percent change in rent from June 2023 to July 2023. Overall, the rental market for studios in Hillsborough appears to be relatively stable.
The rental market for 1-bedroom apartments in Hillsborough, North Carolina is showing signs of growth. In July 2023, there were 20 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,609, a 1.8% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Hillsborough is looking positive.
The rental market for 2-bedroom apartments in Hillsborough, North Carolina is showing signs of growth. In July 2023, there were 11 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $2,159, which is a 2.6% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Hillsborough is looking positive.