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

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Bedroom Breakdown in South Central

Studio
$1,024
MEDIAN RENT
1 Bedroom
$1,574
MEDIAN RENT
2 Bedroom
$1,649
MEDIAN RENT

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.

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 South Central is $1,595.
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