Rental market snapshot for Mordecai, Raleigh
Mordecai rental market summary
The rental market in Mordecai, North Carolina is showing signs of growth. In July of 2023, there were 24 new listings, a 2.1% increase from the same time last year. This indicates that the rental market is becoming more competitive and that more people are looking for rental properties in the area.
The median rent in Mordecai, North Carolina has also increased from $1,900 in July of 2022 to $1,860 in July of 2023, a 1.6% increase. This suggests that the rental market is becoming more expensive, but still remains relatively affordable. With the number of new listings increasing and the median rent increasing, it is clear that the rental market in Mordecai, North Carolina is growing.
Median rent for all residential properties in Mordecai
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The most expensive listings and top trending buildings in Mordecai
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 721 Halifax St | $2,366 | 1 / 2.0 |
| 721 Halifax St | $2,228 | 1 / 1.0 |
| 721 Halifax St | $2,208 | 1 / 1.0 |
| 721 Halifax St | $2,059 | 1 / 1.0 |
| 721 Halifax St | $1,910 | 1 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar* | $1,889 |
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Bedroom Breakdown in Mordecai
Mordecai neighborhood apartments rents
The rental market for studios in Mordecai, North Carolina is showing signs of stability. In July 2023, there were two new studio listings, indicating that the market is still growing. The median rent for studios in July 2023 was $1,433, a slight decrease of 1.8% from the median rent in June 2023. This suggests that the rental market is not experiencing any major fluctuations and is likely to remain steady in the near future.
The rental market for 1-bedroom apartments in Mordecai, North Carolina is showing signs of improvement. In July 2023, there were 12 new 1-bedroom listings, which is a positive sign for the market. The median rent for 1-bedroom apartments in July 2023 was $1,845, which is 8.5% lower than the median rent in June 2023. This suggests that the rental market is becoming more affordable for tenants. Overall, the rental market for 1-bedroom apartments in Mordecai is looking promising.
The rental market for 2-bedroom apartments in Mordecai, North Carolina is showing signs of growth. In June 2023, there was only one new 2-bedroom listing, but the median rent for 2-bedroom apartments increased by 40.2% from May 2023 to June 2023, from $2,177 to $3,052. This suggests that demand for 2-bedroom apartments is increasing, and that the rental market is becoming more competitive.