Rental market snapshot for Bay Area, Corpus Christi
Bay Area rental market summary
The rental market in Bay Area, Texas is showing signs of growth. In July of 2023, there were 52 new listings, indicating that the market is expanding. The median rent in July of 2023 was $1,400, a 6.7% increase from the previous month. This is a positive sign for the market, as it suggests that demand is increasing.
The median rent in July of 2022 was $1,416, indicating that the market has seen a slight increase of 1.1% over the past year. This suggests that the market is slowly but steadily growing, and that the demand for rental properties is increasing. With the number of new listings continuing to rise, it is likely that the rental market in Bay Area, Texas will continue to expand in the coming months.
Median rent for all residential properties in Bay Area
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The most expensive listings and top trending buildings in Bay Area
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
815 Louisiana Ave | $4,000 | 3 / 2.0 |
150 Southern St | $2,950 | 4 / 2.5 |
1701 Ennis Joslin Rd | $2,210 | 3 / 2.0 |
1701 Ennis Joslin Rd | $2,160 | 3 / 2.0 |
11 Rock Creek Dr | $2,100 | 3 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar* | $1,318 |
Cornerstone Residential | $758 |
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Bedroom Breakdown in Bay Area
Bay Area neighborhood apartments rents
The rental market for studios in Bay Area, Texas is relatively stable. In October 2022, there will be three new studio listings, but the median rent for studios will remain the same as it was in September 2022 at $749. This indicates that the rental market for studios in Bay Area, Texas is not experiencing any significant changes in rent prices, and is likely to remain stable in the near future.
The rental market for 1-bedroom apartments in Bay Area, Texas is showing signs of growth. In July 2023, there were 5 new 1-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 1-bedroom apartments in July 2023 was $799, a 35.8% decrease from the median rent in June 2023 of $1,244. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Bay Area, Texas is looking positive.
The rental market for 2-bedroom apartments in Bay Area, Texas is showing signs of stability. In July 2023, there were 3 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 8.9% from June 2023 to July 2023, settling at $1,540. This suggests that the rental market is not experiencing any drastic changes, and that the market is likely to remain steady in the near future.