Rental market snapshot for Northeast Raleigh, Raleigh
Northeast Raleigh rental market summary
The rental market in Northeast Raleigh, North Carolina is showing signs of growth. In July of 2023, there were 5,336 new listings, a significant increase from the previous month. The median rent for the area also increased from $1,990 in June to $1,980 in July, a 0.5% increase. This is a positive sign for the rental market in Northeast Raleigh, as it indicates that demand is increasing and that landlords are able to raise their prices.
The median rent in Northeast Raleigh has also increased from $1,940 in July of 2022 to $1,980 in July of 2023, a 2.1% increase. This indicates that the rental market in Northeast Raleigh is continuing to grow and that landlords are able to raise their prices. This is a positive sign for the rental market in Northeast Raleigh, as it indicates that demand is increasing and that landlords are able to raise their prices.
Median rent for all residential properties in Northeast Raleigh
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The most expensive listings and top trending buildings in Northeast Raleigh
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 5520 Cahaba Way | $3,500 | 4 / 2.5 |
| 8021 Bright Oak Trl | $3,320 | 4 / 2.5 |
| 7424 Brighton Village Dr | $3,280 | 4 / 2.5 |
| 4813 Jelynn St | $3,190 | 5 / 2.5 |
| 4501 Fox Rd | $3,130 | 4 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Wood Partners | $1,640 |
| Wood Residential Services | $1,538 |
| Drucker and Falk LLC | $1,515 |
| ALDON MANAGEMENT CORPORATION | $1,465 |
| Pegasus Residential | $1,449 |
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Bedroom Breakdown in Northeast Raleigh
Northeast Raleigh neighborhood apartments rents
The rental market for studios in Northeast Raleigh, North Carolina, is showing a slight increase in July 2023. There were 4 new studio listings in July, and the median rent for studios increased by .5% from June 2023 to July 2023, from $1,316 to $1,322. This indicates that the rental market for studios in Northeast Raleigh is slowly increasing, but not drastically.
The rental market for 1-bedroom apartments in Northeast Raleigh, North Carolina is showing signs of growth. In July 2023, there were 39 new 1-bedroom listings, a 4.6% increase in median rent from June 2023 to July 2023, and a median rent of $1,381. 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 Northeast Raleigh, North Carolina is showing signs of growth. In July 2023, there were 55 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,602, which is a 2.4% 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 Northeast Raleigh is looking positive.