Rental market snapshot for South Central, Raleigh
South Central rental market summary
The rental market in South Central, North Carolina is showing signs of growth. In July of 2023, there were 59 new listings, a significant increase from the previous month. This indicates that more people are looking to rent in the area. The median rent in July 2023 was $1,595, the same as the previous month, suggesting that the market is stable. However, when compared to the median rent in July 2022, there has been a 27.6% increase in rent, indicating that the rental market is becoming more expensive.
Overall, the rental market in South Central, North Carolina is showing signs of growth and stability. The number of new listings is increasing, and the median rent is remaining steady. However, the increase in rent from the previous year suggests that the market is becoming more expensive. As such, those looking to rent in the area should be prepared to pay higher prices.
Median rent for all residential properties in South Central
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The most expensive listings and top trending buildings in South Central
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
408 Chavis Way | $4,000 | 3 / 3.5 |
408 Chavis Way | $4,000 | 3 / 4.0 |
421 Watson St | $3,250 | 3 / 3.0 |
421 Watson St | $2,950 | 3 / 3.0 |
401 Haywood St | $2,495 | 3 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Drucker and Falk LLC | $1,574 |
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Bedroom Breakdown in South Central
South Central neighborhood apartments rents
The rental market for studios in South Central, North Carolina is showing signs of improvement. In May 2023, there were two new studio listings, and the median rent decreased by 18.0% from April 2023 to May 2023, from $1,249 to $1,024. This suggests that the rental market is becoming more competitive, and renters may be able to find better deals on studio apartments in the area.
The rental market for 1-bedroom apartments in South Central, North Carolina is relatively stable. In July 2023, there was only one new listing, and the median rent increased by 3.3% from June 2023 to July 2023, from $1,524 to $1,574. This suggests that the rental market is not experiencing any significant changes in the short-term.
The rental market for 2-bedroom apartments in South Central, North Carolina is relatively stable. In July 2023, there was only one new listing, and the median rent for 2-bedroom apartments was $1,649, a 3.5% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any significant changes in the near future.