Rental market snapshot for Magruder Area, Hampton
Magruder Area rental market summary
The rental market in Magruder Area, Virginia is showing signs of growth. In July 2023, there were 23 new listings, a 4.3% increase from the previous month. This suggests that the rental market is becoming more competitive, with more options available for renters. The median rent in July 2023 was $1,690, a 9.2% increase from the same time last year. This indicates that rental prices are on the rise, likely due to increased demand for rental properties in the area.
Overall, the rental market in Magruder Area, Virginia is showing signs of growth. With more listings and higher rental prices, it is becoming an increasingly attractive option for renters. With the right strategies, landlords can capitalize on this trend and benefit from the increased demand for rental properties in the area.
Median rent for all residential properties in Magruder Area
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The most expensive listings and top trending buildings in Magruder Area
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
2100 N Campus Pkwy | $2,011 | 2 / 1.0 |
2100 N Campus Pkwy | $1,904 | 2 / 2.0 |
2100 N Campus Pkwy | $1,876 | 2 / 2.0 |
2100 N Campus Pkwy | $1,851 | 2 / 2.0 |
2100 N Campus Pkwy | $1,752 | 1 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Westminster Management | $1,687 |
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Bedroom Breakdown in Magruder Area
Magruder Area neighborhood apartments rents
The rental market for studios in Magruder Area, Virginia appears to be stable, with only two new listings in July 2023 and a median rent of $1,522. 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 Magruder Area appears to be steady.
The rental market for 1-bedroom apartments in Magruder Area, Virginia is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,680, a 5.4% increase from the median rent in June 2023 of $1,594. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.
The rental market for 2-bedroom apartments in Magruder Area, Virginia is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, a 29.9% increase in median rent from June 2023 to July 2023, and a median rent of $1,864. This indicates that the rental market for 2-bedroom apartments in Magruder Area is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.