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Charlotte Ranked in Top 10 Best Investment Housing Markets in U.S.
Because of the Queen City’s strong economy and lucrative business district, Charlotte was recently ranked by HomeUnion as an ideal city in which to rent a single-family home. With a 7% cap rate, which is the net operating income for a real estate property, the median price for homes for sale in the Charlotte area in 2016 was $134,000, and resulted in as many as 77% of investors who chose to rent out their properties to renters. Additionally, North Carolina’s housing market was ranked among one of the most improved for home sales in the U.S. since 2012.
 
Other factors that contributed to Charlotte’s home sales were:
A high level of cash buyers who purchased 70% of the single-family rental properties available in the city. The expected rate for vacancy in single-family rentals is predicted to increase to 8.1%.  
Overall, Charlotte’s supply and demand for available homes to rent continues to be viable, with over 12,000 units under construction and 9,000 which will be ready for occupancy by the end of 2017. Of the best neighborhoods from which to choose across the city, you’ll find that Eastover, Downtown Plaza-Midwood, Barclay Downs, Dilworth, and Myers Park have a lot to offer; and, if ... more

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