{
  "schema_version": "1.0",
  "submarket": {
    "slug": "providence-rea-farms-nc",
    "name": "Providence / Rea Farms",
    "state": "NC",
    "city": "CHARLOTTE",
    "cbsa": "Charlotte-Concord-Gastonia",
    "zip_codes": [
      "28277"
    ]
  },
  "report": {
    "yearmonth": "202608",
    "month_label": "August 2026",
    "first_published_at": "2026-10-02T22:12:07.907Z",
    "last_updated_at": "2026-10-02T22:12:34.835Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1579,
        "low": 1501,
        "high": 1658,
        "mom_pct": 3.75,
        "yoy_pct": 1.31
      },
      "2br": {
        "median": 1891,
        "low": 1796,
        "high": 1985,
        "mom_pct": 1.3,
        "yoy_pct": -1.72
      },
      "3br": {
        "median": 2339,
        "low": 2222,
        "high": 2456,
        "mom_pct": 8.78,
        "yoy_pct": 5.64
      },
      "4br": {
        "median": 3103,
        "low": 3010,
        "high": 3196,
        "mom_pct": 0.98,
        "yoy_pct": 0.58
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1629,
        "low": 1588,
        "high": 1670,
        "mom_pct": 4.69,
        "yoy_pct": 2.51
      },
      "2br": {
        "median": 1925,
        "low": 1848,
        "high": 2002,
        "mom_pct": 2.11,
        "yoy_pct": -0.4
      },
      "3br": {
        "median": 2216,
        "low": 2127,
        "high": 2304,
        "mom_pct": 1.01,
        "yoy_pct": -2.81
      },
      "4br": {
        "median": 2798,
        "low": 2694,
        "high": 2901,
        "mom_pct": -6.63,
        "yoy_pct": -4.29
      }
    },
    "single_family": {
      "1br": {
        "median": 1821,
        "low": 1763,
        "high": 1879,
        "mom_pct": 0.55,
        "yoy_pct": 4.24
      },
      "2br": {
        "median": 1913,
        "low": 1865,
        "high": 1961,
        "mom_pct": 3.33,
        "yoy_pct": -0.4000000000000001
      },
      "3br": {
        "median": 2573,
        "low": 2440,
        "high": 2707,
        "mom_pct": 2.7,
        "yoy_pct": 3.93
      },
      "4br": {
        "median": 2946,
        "low": 2814,
        "high": 3079,
        "mom_pct": 0.08,
        "yoy_pct": 0.52
      }
    }
  },
  "vacancy": 3.5531,
  "days_on_market": {
    "apartment": 38,
    "condo_townhome": 23,
    "single_family": 24
  },
  "ai_summary": [
    {
      "headline": "3BR apartments jump to $2,339",
      "body": "In the Providence / Rea Farms (28277) rental market, 3BR apartments rose sharply to a median $2,339, with a 1 Mo increase of 8.78% and 1 Yr growth of 5.64%. This move widens the gap versus 2BR apartments at $1,891, indicating that demand is concentrating in larger apartment units in this submarket."
    },
    {
      "headline": "4BR condos retreat 6.63% MoM",
      "body": "At the higher end, 4BR condos/townhomes in Providence / Rea Farms (28277) fell to a median $2,798, with a 1 Mo decline of 6.63% and a 1 Yr drop of 4.29%. These larger attached units now trail 4BR apartments at $3,103 by $305, showing weaker pricing power for big condos relative to comparable apartment inventory."
    },
    {
      "headline": "Single-family 1BR and 3BR gains",
      "body": "Single-family performance shapes Providence / Rea Farms (28277) rental trends, with 1BR homes at $1,821 showing 0.55% MoM growth and 3BR homes at $2,573 up 2.7% MoM and 3.93% YoY. In contrast, 4BR single-family units at $2,946 moved just 0.08% MoM, underscoring firmer momentum in the 1–3BR range."
    }
  ],
  "summary": {
    "canonical": [
      "As of August 2026, rental prices in Providence / Rea Farms, NC range from $1,579 to $3,103 per month depending on property type and bedroom count.",
      "The largest year-over-year change was seen in 3BR apartments, which increased by 5.64%.",
      "For 4-bedroom units, apartments have a higher median rent at $3,103 compared to condo/townhome units at $2,798."
    ],
    "qa": [
      {
        "question": "What is the typical rent range in Providence / Rea Farms, NC as of August 2026?",
        "answer": "Rents in Providence / Rea Farms, NC for August 2026 range from $1,579 for a 1-bedroom apartment up to $3,103 for a 4-bedroom apartment."
      },
      {
        "question": "In Providence / Rea Farms, NC, which bedroom count and property type has the clearest price lead over its peers?",
        "answer": "For 3-bedroom units in August 2026, single-family homes lead with a median rent of $2,573, noticeably higher than condo/townhomes at $2,216 and apartments at $2,339."
      },
      {
        "question": "How do apartment and condo/townhome rents compare for the same bedroom count in Providence / Rea Farms, NC?",
        "answer": "For 2-bedrooms, apartments have a median rent of $1,891, while condo/townhomes are slightly higher at $1,925 as of August 2026."
      },
      {
        "question": "Which rental segment shows an unusual or outlier figure in Providence / Rea Farms, NC for August 2026?",
        "answer": "The 4-bedroom condo/townhome segment saw a sharp month-over-month drop of -6.63%, with rents falling to $2,798."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202608",
      "month_label": "August 2026",
      "rents": {
        "apartment": {
          "1br": 1579,
          "2br": 1891,
          "3br": 2339,
          "4br": 3103
        },
        "condo_townhome": {
          "1br": 1629,
          "2br": 1925,
          "3br": 2216,
          "4br": 2798
        },
        "single_family": {
          "1br": 1821,
          "2br": 1913,
          "3br": 2573,
          "4br": 2946
        }
      }
    },
    {
      "yearmonth": "202607",
      "month_label": "July 2026",
      "rents": {
        "apartment": {
          "1br": 1522,
          "2br": 1867,
          "3br": 2150,
          "4br": 3073
        },
        "condo_townhome": {
          "1br": 1556,
          "2br": 1885,
          "3br": 2194,
          "4br": 2996
        },
        "single_family": {
          "1br": 1811,
          "2br": 1852,
          "3br": 2506,
          "4br": 2944
        }
      }
    },
    {
      "yearmonth": "202606",
      "month_label": "June 2026",
      "rents": {
        "apartment": {
          "1br": 1533,
          "2br": 1905,
          "3br": 2280,
          "4br": 3045
        },
        "condo_townhome": {
          "1br": 1623,
          "2br": 1921,
          "3br": 2275,
          "4br": 2932
        },
        "single_family": {
          "1br": 1791,
          "2br": 1880,
          "3br": 2486,
          "4br": 2959
        }
      }
    },
    {
      "yearmonth": "202605",
      "month_label": "May 2026",
      "rents": {
        "apartment": {
          "1br": 1531,
          "2br": 1910,
          "3br": 2204,
          "4br": 3022
        },
        "condo_townhome": {
          "1br": 1665,
          "2br": 1906,
          "3br": 2246,
          "4br": 2998
        },
        "single_family": {
          "1br": 1763,
          "2br": 1838,
          "3br": 2497,
          "4br": 2916
        }
      }
    },
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1560,
          "2br": 1920,
          "3br": 2204,
          "4br": 3011
        },
        "condo_townhome": {
          "1br": 1657,
          "2br": 1861,
          "3br": 2306,
          "4br": 2969
        },
        "single_family": {
          "1br": 1290,
          "2br": 1784,
          "3br": 2433,
          "4br": 2873
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1496,
          "2br": 1922,
          "3br": 2252,
          "4br": 3016
        },
        "condo_townhome": {
          "1br": 1652,
          "2br": 1870,
          "3br": 2223,
          "4br": 2826
        },
        "single_family": {
          "1br": 1732,
          "2br": 1838,
          "3br": 2493,
          "4br": 2903
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1481,
          "2br": 1872,
          "3br": 2240,
          "4br": 3042
        },
        "condo_townhome": {
          "1br": 1603,
          "2br": 1874,
          "3br": 2250,
          "4br": 2780
        },
        "single_family": {
          "1br": 1735,
          "2br": 1843,
          "3br": 2491,
          "4br": 2912
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1499,
          "2br": 1844,
          "3br": 2269,
          "4br": 3087
        },
        "condo_townhome": {
          "1br": 1546,
          "2br": 1870,
          "3br": 2257,
          "4br": 2745
        },
        "single_family": {
          "1br": 1748,
          "2br": 1858,
          "3br": 2494,
          "4br": 2860
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1518,
          "2br": 1869,
          "3br": 2286,
          "4br": 3116
        },
        "condo_townhome": {
          "1br": 1573,
          "2br": 1888,
          "3br": 2233,
          "4br": 2833
        },
        "single_family": {
          "1br": 1758,
          "2br": 1829,
          "3br": 2490,
          "4br": 2879
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1561,
          "2br": 1846,
          "3br": 2309,
          "4br": 3122
        },
        "condo_townhome": {
          "1br": 1624,
          "2br": 1866,
          "3br": 2233,
          "4br": 2810
        },
        "single_family": {
          "1br": 1768,
          "2br": 1846,
          "3br": 2521,
          "4br": 2839
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1549,
          "2br": 1856,
          "3br": 2294,
          "4br": 3130
        },
        "condo_townhome": {
          "1br": 1641,
          "2br": 1866,
          "3br": 2248,
          "4br": 2886
        },
        "single_family": {
          "1br": 1766,
          "2br": 1852,
          "3br": 2526,
          "4br": 2868
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1543,
          "2br": 1876,
          "3br": 2258,
          "4br": 3113
        },
        "condo_townhome": {
          "1br": 1605,
          "2br": 1875,
          "3br": 2296,
          "4br": 2965
        },
        "single_family": {
          "1br": 1761,
          "2br": 1927,
          "3br": 2496,
          "4br": 2872
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/providence-rea-farms-nc/",
    "self": "https://data.estaite.com/feeds/providence-rea-farms-nc.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}