{
  "schema_version": "1.0",
  "submarket": {
    "slug": "cornelius-davidson-nc",
    "name": "Cornelius / Davidson",
    "state": "NC",
    "city": "CORNELIUS",
    "cbsa": "Charlotte-Concord-Gastonia",
    "zip_codes": [
      "28031",
      "28036"
    ]
  },
  "report": {
    "yearmonth": "202608",
    "month_label": "August 2026",
    "first_published_at": "2026-10-03T17:20:53.757Z",
    "last_updated_at": "2026-10-02T22:36:16.773Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1317,
        "low": 1265,
        "high": 1370,
        "mom_pct": -12.643461538461539,
        "yoy_pct": -6.26
      },
      "2br": {
        "median": 1716,
        "low": 1630,
        "high": 1802,
        "mom_pct": -2.9901449275362317,
        "yoy_pct": 0.49
      },
      "3br": {
        "median": 1990,
        "low": 1911,
        "high": 2070,
        "mom_pct": -7.267692307692307,
        "yoy_pct": -1.86
      },
      "4br": {
        "median": 3094,
        "low": 3001,
        "high": 3187,
        "mom_pct": 1.14,
        "yoy_pct": 1.78
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1602,
        "low": 1551,
        "high": 1653,
        "mom_pct": 2.89,
        "yoy_pct": -4.19
      },
      "2br": {
        "median": 1925,
        "low": 1877,
        "high": 1973,
        "mom_pct": 0.98,
        "yoy_pct": 0.82
      },
      "3br": {
        "median": 2639,
        "low": 2542,
        "high": 2737,
        "mom_pct": 6.868181818181819,
        "yoy_pct": 5.66
      },
      "4br": {
        "median": 3098,
        "low": 3005,
        "high": 3191,
        "mom_pct": 2.21,
        "yoy_pct": 0.49
      }
    },
    "single_family": {
      "1br": {
        "median": 1821,
        "low": 1775,
        "high": 1867,
        "mom_pct": 0.55,
        "yoy_pct": 2.59
      },
      "2br": {
        "median": 1904,
        "low": 1856,
        "high": 1952,
        "mom_pct": -2.36,
        "yoy_pct": -1.24
      },
      "3br": {
        "median": 2410,
        "low": 2333,
        "high": 2488,
        "mom_pct": 3.5923076923076924,
        "yoy_pct": 3.79
      },
      "4br": {
        "median": 2751,
        "low": 2649,
        "high": 2852,
        "mom_pct": 1.283,
        "yoy_pct": -3.82
      }
    }
  },
  "vacancy": 3.5531,
  "days_on_market": {
    "apartment": 31,
    "condo_townhome": 31,
    "single_family": 25
  },
  "ai_summary": [
    {
      "headline": "1BR apartment rents fall 12.6% MoM",
      "body": "In the Cornelius / Davidson (28031, 28036) rental market, median rent for 1-bedroom apartments dropped sharply by 12.64% month-over-month to $1,317 in August 2026. Annual change remained negative at -6.26%, underscoring persistent downward pricing pressure for this segment in Cornelius / Davidson (28031, 28036)."
    },
    {
      "headline": "3BR condos outperform apartments by $649",
      "body": "The 3-bedroom condo segment in Cornelius / Davidson (28031, 28036) experienced a notable rise, jumping 6.87% MoM to a median rent of $2,639. This rent outpaces 3-bedroom apartments by $649, and the condo segment also posted a 5.66% YoY increase, highlighting investor appeal."
    },
    {
      "headline": "2BR single-family homes decrease 2.4% MoM",
      "body": "Rental demand for 2-bedroom single-family homes declined by 2.36% month-over-month, settling at a median rent of $1,904. These figures contribute to Cornelius / Davidson (28031, 28036) rental trends, as the annual change for this segment was also negative at -1.24% in August 2026."
    }
  ],
  "summary": {
    "canonical": [],
    "qa": []
  },
  "history": [
    {
      "yearmonth": "202608",
      "month_label": "August 2026",
      "rents": {
        "apartment": {
          "1br": 1317,
          "2br": 1716,
          "3br": 1990,
          "4br": 3094
        },
        "condo_townhome": {
          "1br": 1602,
          "2br": 1925,
          "3br": 2639,
          "4br": 3098
        },
        "single_family": {
          "1br": 1821,
          "2br": 1904,
          "3br": 2410,
          "4br": 2751
        }
      }
    },
    {
      "yearmonth": "202607",
      "month_label": "July 2026",
      "rents": {
        "apartment": {
          "1br": 1481,
          "2br": 1804,
          "3br": 2218,
          "4br": 3059
        },
        "condo_townhome": {
          "1br": 1557,
          "2br": 1906,
          "3br": 2579,
          "4br": 3031
        },
        "single_family": {
          "1br": 1811,
          "2br": 1950,
          "3br": 2423,
          "4br": 2822
        }
      }
    },
    {
      "yearmonth": "202606",
      "month_label": "June 2026",
      "rents": {
        "apartment": {
          "1br": 1511,
          "2br": 1804,
          "3br": 2204,
          "4br": 3036
        },
        "condo_townhome": {
          "1br": 1589,
          "2br": 1915,
          "3br": 2550,
          "4br": 3005
        },
        "single_family": {
          "1br": 1795,
          "2br": 1932,
          "3br": 2354,
          "4br": 2765
        }
      }
    },
    {
      "yearmonth": "202605",
      "month_label": "May 2026",
      "rents": {
        "apartment": {
          "1br": 1508,
          "2br": 1792,
          "3br": 2225,
          "4br": 3014
        },
        "condo_townhome": {
          "1br": 1594,
          "2br": 1866,
          "3br": 2474,
          "4br": 3012
        },
        "single_family": {
          "1br": 1770,
          "2br": 1907,
          "3br": 2303,
          "4br": 2731
        }
      }
    },
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1511,
          "2br": 1790,
          "3br": 2221,
          "4br": 3006
        },
        "condo_townhome": {
          "1br": 1621,
          "2br": 1847,
          "3br": 2388,
          "4br": 3068
        },
        "single_family": {
          "1br": 1754,
          "2br": 1892,
          "3br": 2324,
          "4br": 2760
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1516,
          "2br": 1790,
          "3br": 2225,
          "4br": 3007
        },
        "condo_townhome": {
          "1br": 1613,
          "2br": 1811,
          "3br": 2378,
          "4br": 3055
        },
        "single_family": {
          "1br": 1743,
          "2br": 1882,
          "3br": 2311,
          "4br": 2793
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1515,
          "2br": 1802,
          "3br": 2261,
          "4br": 3025
        },
        "condo_townhome": {
          "1br": 1629,
          "2br": 1816,
          "3br": 2415,
          "4br": 3062
        },
        "single_family": {
          "1br": 1745,
          "2br": 1884,
          "3br": 2332,
          "4br": 2802
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1529,
          "2br": 1818,
          "3br": 2299,
          "4br": 3048
        },
        "condo_townhome": {
          "1br": 1635,
          "2br": 1772,
          "3br": 2477,
          "4br": 3046
        },
        "single_family": {
          "1br": 1751,
          "2br": 1892,
          "3br": 2301,
          "4br": 2813
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1526,
          "2br": 1836,
          "3br": 2302,
          "4br": 3071
        },
        "condo_townhome": {
          "1br": 1643,
          "2br": 1811,
          "3br": 2490,
          "4br": 3065
        },
        "single_family": {
          "1br": 1759,
          "2br": 1902,
          "3br": 2311,
          "4br": 2828
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1533,
          "2br": 1848,
          "3br": 2287,
          "4br": 3087
        },
        "condo_townhome": {
          "1br": 1656,
          "2br": 1857,
          "3br": 2506,
          "4br": 3087
        },
        "single_family": {
          "1br": 1770,
          "2br": 1916,
          "3br": 2331,
          "4br": 2795
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1534,
          "2br": 1848,
          "3br": 2264,
          "4br": 3083
        },
        "condo_townhome": {
          "1br": 1664,
          "2br": 1902,
          "3br": 2510,
          "4br": 3100
        },
        "single_family": {
          "1br": 1775,
          "2br": 1923,
          "3br": 2345,
          "4br": 2813
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1544,
          "2br": 1840,
          "3br": 2267,
          "4br": 3068
        },
        "condo_townhome": {
          "1br": 1672,
          "2br": 1907,
          "3br": 2512,
          "4br": 3112
        },
        "single_family": {
          "1br": 1779,
          "2br": 1930,
          "3br": 2361,
          "4br": 2875
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/cornelius-davidson-nc/",
    "self": "https://data.estaite.com/feeds/cornelius-davidson-nc.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}