Apartments in Crofts at Brackenridge Fuquay-Varina

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5061 Homeplace Dr Apex, NC
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3909 Durnford Dr Apex, NC
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Fuquay-Varina:
December Rent Report

Welcome to the December 2024 Fuquay-Varina Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Fuquay-Varina rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Fuquay-Varina and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Fuquay-Varina average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Fuquay-Varina Rent Prices Decrease From November to December

Fuquay-Varina rent prices decreased over the last month. From November to December, the city experienced a -0.28% decrease for the price of a one-bedroom apartment. The rent price for a Fuquay-Varina one-bedroom apartments currently stands at $1,405.0.

When we take a look at the two-bedroom comparison from November to December, Fuquay-Varina experienced a -0.12% decrease for the price of a two-bedroom apartment. The rent price for a Fuquay-Varina two-bedroom apartments currently stands at $1,698.0.

December Prices: Fuquay-Varina vs. Surrounding Areas

Rent Prices in Fuquay-Varina and Surrounding Areas

Rent prices have decreased in Fuquay-Varina over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Fuquay-Varina suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Fuquay-Varina suburbs

  • Rents did not decrease in any of the Fuquay-Varina suburbs.

December 2024 Pricing Trends: Fuquay-Varina vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Fuquay-Varina Rent Prices More Affordable Than Major Cities

Rent growth in Fuquay-Varina over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Fuquay-Varina average rent prices appear to be relatively affordable for local residents.

The price for a Fuquay-Varina one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Fuquay-Varina and surrounding area rent prices, take a look at the complete data set below.

Data set for Fuquay-Varina and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.