[ad_1]
Renters in Shelby saw apartment listing prices slightly increase from last year’s median of $1,200, an analysis of new data from rental marketplace Zumper shows.
The typical apartment listed for rent at $1,216 in August. Median listing prices in Shelby are trending 8% upwards from last month’s $1,125 price.
The data covers all bedroom sizes, ranging from studios to four-bedroom units, within the specified metropolitan area. It reflects the median rent for all listings that were active at any given point during the month, according to Russell Middleton, co-founder of Zumper. New construction is included in the data and listings that are currently occupied or no longer available are excluded.
One-bedroom apartments listed to rent at a median of $913, 6% higher than July, when they were $865. Since last year, one-bedroom rental prices rose 9% from $841.
Two-bedroom apartments listed for rent were 5% higher than July at a central price of $1,098, compared to $1,050. Since last year, two-bedroom rental prices slightly rose from $1,048.
Statewide, North Carolina rental listing prices are very close to July’s median of $1,766. One-bedroom rentals were listed for a typical price of $1,250, essentially the same as July’s average of $1,241. Two-bedroom rental listing prices are nearly the same as July’s central price of $1,480.
In Shelby, the typical apartment listed for rent is 31% below the state median. One-bedroom rentals were 27% below the state median, while two-bedrooms listed 26% below.
Nationwide, apartment rental listing prices slightly decreased from last month’s $1,949 to $1,925. One-bedroom rentals across the nation listed for a typical price of $1,560, nearly the same as last month, while two-bedroom rental listing prices approximately the same as last month’s median of $1,838.
In Shelby, the typical apartment listed for rent is 37% below the national median. One-bedroom apartment rentals listed 41% below the national median, with two-bedroom rentals listed 40% below.
The median apartment rental prices used in this report are gathered from Zumper, which aggregates over one million active listings posted by brokers and landlords to Zumper’s Landlord Platform and third-party listings from MLS providers to calculate median asking rents. Read more about their rent estimate methodology here.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Zumper . Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on The Shelby Star: Shelby apartments for rent saw slight price increases since last August
[ad_2]