Ranlo, North Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Ranlo, North Carolina rental market.
Ranlo, North Carolina
Average Apartment Rent
$1,326
Y-o-Y Change in Average
Apartment Rent
0.1%
As of November 2024
Compared to a year ago, Ranlo, North Carolina apartments have recorded a 0.1% rent increase.
Ranlo, North Carolina Average apartment rent trend
Ranlo, North Carolina Average Apartment Rent
Ranlo, North Carolina Apartment rent ranges
At 82.12%, apartments priced $1,000 - $1,500 represent the bulk of Ranlo, North Carolina rentals, while condos priced $700 - $1000 hold the lowest share of the market – 2.73%.
Ranlo, North Carolina Housing tenure**
Renters take up 30% of Ranlo, North Carolina real estate, occupying a total of 484 units, while homeowners live in 1,107 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$65,909
Average household size of renter-occupied housing units**
2.93
Ranlo, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 171 rentals in Ranlo, North Carolina with 3 beds making up the highest share of the market, at 35%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 10 units. Overall, the median number of rooms in Ranlo, North Carolina homes for rent is 5.
Ranlo, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Ranlo, North Carolina are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 2%.
Ranlo, North Carolina Renter-occupied housing units by family type**
Ranlo, North Carolina Renter-occupied housing units by the presence of own children**
A total of 364 apartments for rent in Ranlo, North Carolina, or 75% of all rentals are family households. Additionally, 52% of rental homes include children under the age of 18 – that’s 251 units. All in all, the median size of a renter-occupied household in Ranlo, North Carolina is 2.93.
Ranlo, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 4% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Ranlo, North Carolina.
Ranlo, North Carolina Renter-occupied units by year structure built**
The highest share of Ranlo, North Carolina apartment rentals, namely 44% or 212 units, were Built 2000 - 2009, followed by those Built 1960 - 1969 (11%, 55 units), and the ones Built 1990 - 1999 (11%, 51 units).
Ranlo, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Ranlo, North Carolina renters (57%) moved in 2018 to 2020, while only 2% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Ranlo, North Carolina condos for rent is 2019.
Ranlo, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Ranlo, North Carolina renters have 2 vehicles available per household, 30% of them have 1 vehicle available, and 27% have 3 or more vehicles available.
Ranlo, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Ranlo, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
Ranlo, North Carolina Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Ranlo, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates