Rental market snapshot for North Central, Raleigh

North Central rental market summary

The rental market in North Central, North Carolina is showing signs of stability. In July 2023, there were 60 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $2,200, which is the same as the median rent for June 2023. This shows that the rental market is not experiencing any significant changes in pricing. When compared to the median rent in July 2022, the current median rent is 6.1% lower, indicating that the rental market has become more affordable in the past year.

Overall, the rental market in North Central, North Carolina is relatively stable. There are plenty of new listings available, and the median rent has remained steady over the past few months. The market has also become more affordable in the past year, making it an attractive option for renters.

Median rent for all residential properties in North Central

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The most expensive listings and top trending buildings in North Central

Most Expensive Listings

AddressRent PriceBed / Bath
9 N Harrington St$4,1602 / 2.0
5 Seawell Ave$3,5003 / 3.5
9 N Harrington St$3,4702 / 2.0
555 New Bern Ave$3,4004 / 2.0
9 N Harrington St$3,2802 / 2.0

Top Trending Buildings

building nameavg rent price
Greystar*$2,184
Grubb Properties$1,566

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Bedroom Breakdown in North Central

Studio
$1,905
MEDIAN RENT
1 Bedroom
$2,175
MEDIAN RENT
2 Bedroom
$3,260
MEDIAN RENT

North Central neighborhood apartments rents

The rental market for studios in North Central, North Carolina is showing signs of growth. In July 2023, there was only one new studio listing, but the median rent for studios increased by 18.7% from June 2023 to July 2023, from $1,605 to $1,905. This suggests that demand for studio apartments is increasing, and that the rental market is becoming more competitive.

The rental market for 1-bedroom apartments in North Central, North Carolina is showing signs of growth. In July 2023, there were 11 new 1-bedroom listings, a 9.8% increase in median rent from June 2023 to July 2023, and a median rent of $2,175. 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 North Central, North Carolina is showing signs of growth. In July 2023, there were 7 new 2-bedroom listings, representing a 14.2% increase in rent from June 2023. The median rent for 2-bedroom apartments in July 2023 was $3,260, which is a significant increase from the median rent of $2,855 in June 2023. This indicates that the rental market for 2-bedroom apartments in North Central, North Carolina is on the rise.

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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 North Central is $2,200.
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