Rental market snapshot for Southwest Raleigh, Raleigh

Southwest Raleigh rental market summary

The rental market in Southwest Raleigh, North Carolina is showing signs of growth. In July 2023, there were 153 new listings, a 5.0% increase from the previous month. This is a positive sign for the rental market, as it indicates that more people are looking to rent in the area. The median rent in July 2023 was $1,900, a 5.4% increase from the same time last year. This suggests that the rental market in Southwest Raleigh is becoming more competitive, as more people are looking to rent in the area.

Overall, the rental market in Southwest Raleigh is showing signs of growth. The number of new listings is increasing, and the median rent is also increasing. This indicates that the rental market in Southwest Raleigh is becoming more competitive, as more people are looking to rent in the area. This is a positive sign for the rental market, as it suggests that the area is becoming more desirable for renters.

Median rent for all residential properties in Southwest Raleigh

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The most expensive listings and top trending buildings in Southwest Raleigh

Most Expensive Listings

AddressRent PriceBed / Bath
2016 Betry Pl$3,1803 / 2.5
1535 Caraleigh Mills Ct$2,5002 / 2.0
1535 Caraleigh Mills Ct #113$2,5002 / 2.0
409 Bolin Ct$2,4003 / 2.0
2529 Trailwood Hills Dr$2,3453 / 2.5

Top Trending Buildings

building nameavg rent price
Greystar*$1,454
Drucker and Falk LLC$1,014

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Bedroom Breakdown in Southwest Raleigh

Studio
$1,203
MEDIAN RENT
1 Bedroom
$1,416
MEDIAN RENT
2 Bedroom
$1,193
MEDIAN RENT

Southwest Raleigh neighborhood apartments rents

The rental market for studios in Southwest Raleigh, North Carolina appears to be relatively stable, with four new listings in July 2023 and a median rent of $1,203. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for studios in Southwest Raleigh appears to be relatively stable.

The rental market for 1-bedroom apartments in Southwest Raleigh, North Carolina, is showing signs of growth. In July 2023, there were 8 new 1-bedroom listings, indicating an increase in demand for rental units in the area. The median rent for 1-bedroom apartments in July 2023 was $1,416, though the percent change in rent from June 2023 to July 2023 is not known. This suggests that the rental market in Southwest Raleigh is becoming more competitive, with landlords likely raising their prices to meet the increased demand.

The rental market for 2-bedroom apartments in Southwest Raleigh, North Carolina is showing signs of growth. In July 2023, there were 5 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $1,193, which is a 14.8% decrease from the median rent in June 2023 of $1,400. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.

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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 Southwest Raleigh is $1,900.
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