Ranlo, North Carolina Rental Market Trends

Disclaimer:

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

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Ranlo $1,173 $1,216 $1,256 $1,299 $1,297 $1,309 $1,325 $1,298 $1,309 $1,326
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Ranlo
National
Nov 2021
$1,173
$1,596
Mar 2022
$1,216
$1,635
Jul 2022
$1,256
$1,708
Nov 2022
$1,299
$1,726
Mar 2023
$1,297
$1,714
Jul 2023
$1,309
$1,739
Nov 2023
$1,325
$1,733
Mar 2024
$1,298
$1,727
Jul 2024
$1,309
$1,752
Nov 2024
$1,326
$1,748

Ranlo, North Carolina Average Apartment Rent

Ranlo, North Carolina Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

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**

Renter occupied housing units 484
Owner occupied housing units 1,107

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**

No bedrooms 10
1 bed 59
2 beds 119
3 beds 171
4 beds 125

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**

15 - 24 years 78
25 - 34 years 129
35 - 44 years 90
45 - 54 years 88
55 - 59 years 44
60 - 64 years 28
65 - 74 years 9
75 - 84 years 9
85 years and over 9

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**

Family households 364
Non-Family Households 120

Ranlo, North Carolina Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 251
No related children of the householder under 18 233

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**

Less than high school graduate 70
High school graduate (including equivalency) 268
Some college or associate's degree 126
Bachelor's degree or higher 20

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**

Built 2010 - 2019 31
Built 2000 - 2009 212
Built 1990 - 1999 51
Built 1980 - 1989 44
Built 1970 - 1979 10
Built 1960 - 1969 55
Built 1950 - 1959 22
Built 1940 - 1949 40
Built 1939 or earlier 19

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**

Moved in 2021 or later 55
Moved in 2018 to 2020 276
Moved in 2010 to 2017 119
Moved in 2000 to 2009 9
Moved in 1989 or earlier 25

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**

1 vehicle available 143
2 vehicles available 209
3 or more vehicles available 132

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**

Car, truck, or van - drove alone 408
Public transportation (excluding taxicab) 4
Taxicab, motorcycle, bicycle, or other means 18
Worked at home 68

Ranlo, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 1,160
Moved within same county 144
Moved from different county within same state 62
Moved from different state 45

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

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