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Is Charlotte NC, A Good Place To Buy A Rental Property

Real Estate Broker/Owner with Showcase Realty LLC 183393

Charlotte, NC, is a city that lots of people can call home. It has a lot of perks –a lively cultural scene, modern facilities, and growing businesses. The list of benefits goes on and on. But one crucial area Charlotte will constantly excel in is its real estate market. 


More investors recognize Charlotte’s potential when it comes to rental property investment. This article will explain why Charlotte is an excellent place to buy a rental property. 

Rental Property Market Trends in Charlotte, NC

Zillow provides a summary of Charlotte’s rental market as of October 2023. 


The median rent for all bedrooms and properties in Charlotte is $1,995. This statistic indicates the balance between Charlotte's lower and higher-priced rental properties. The rental prices would range from $535 to $11,621 per month. 


Based on the market summary, the median rent prices of $1,995 is $41 higher than last year. But when you compare it to September 2023’s data, the median rent price in Charlotte is $5 less. 


There are 2,957 available rentals in Charlotte as of date. This suggests a selection of properties for tenants and investors with varying needs. 


Start your search for Charlotte, NC homes for sale by embarking on the exciting journey into rental housing in this vibrant North Carolina city.


Analyzing how Charlotte thrives in real estate and other major markets is crucial. 


As of the latest data, Charlotte gains an edge in rental costs compared to larger U.S. areas. The median rent of $1,995 in Charlotte is lower than the median rents of New York, NY ($3,587), Los Angeles, CA ($2,897), and San Diego, CA ($3,200). 


The median rent in Charlotte is likewise $51 less than the national median. 


These statistics clearly analyze the current rental property market trends in Charlotte. You should take these figures into account when making rental property decisions. 

Why Invest in Charlotte Rental Properties?

Charlotte NC Homes for Sale - Evaluating Rental Property Opportunities in Charlotte

Charlotte, NC, has desirable rental properties, and investors know they must take advantage of them. Here are the most important reasons why Charlotte dominates the rental property landscape: 

1. Growing Economy

The financial industry in Charlotte has played a central role in the city’s history since the 1800s. In fact, Charlotte now has over 91,000 financial services jobs. 

Explore the allure of Charlotte NC investment properties within a city steeped in financial industry history, boasting a thriving hub of financial services jobs and talent.

Charlotte ranks third among the 50 metros for its focus on financial services talent. Major banks like Bank of America and Wells Fargo drive economic growth across the area. 

Charlotte also hosts other Fortune 500 and Fortune 1000 companies, including Lowe’s, Honeywell, and Coca-Cola Consolidated. 

Law firms, like Wilson Elser and Haynes and Boone, were attracted to the city in the past six years. According to ALM Intelligence, the number of attorneys from Miami- and Atlanta firms in Charlotte has increased by 40% since 2016. 

As Charlotte’s economy develops, law firms will expand their practice areas to seize opportunities.

2. Population Growth

Charlotte's population growth has important implications for the rental property market. 

In 2023, the metro area population of Charlotte reached 2,267,000. This indicated a 2.86% growth compared to last year. 

In 2022, the metro area population was 2,204,000, indicating a 3.38% growth from 2021. In 2021, it was 2,132,000, indicating a 3.8% increase compared to 2020. In 2020, the population was 2,054,000, marking a 4.21% growth from 2019. 

Charlotte's increasing population contributes to a growing demand for housing, especially rentals. 

To meet the demand for rental housing, investors respond by expanding rental properties. It’s not limited to apartment complexes. It includes varying options like single-family homes, townhouses, and condos. Tenants can choose accommodations matching their lifestyle from our rental options. 

This diverse market provides property investors an opportunity to expand their portfolios. Diversifying their rental properties can help improve their rental income. 

3. Attractive Rental Yields

Charlotte, NC, investors find confidence in the city’s attractive rental yields. These yields guarantee returns on investment. 

On average, the cost of renting in Charlotte stands at around $1.33 per square foot. The rental market offers prices, ranging from $0.78 per square foot to $2.67 per square foot. 

Charlotte’s average rental yield is 6.34%. The rental yield can vary depending on property characteristics, location, and market conditions. Investors can explore yields ranging from 3.91% to 9.36%. 

The fact that Charlotte’s average rental yield is 6.34% is an advantage for investors. It implies that rental investments in the city can bring attractive returns. 

4. Real Estate Appreciation

Charlotte’s real estate market has shown steady appreciation. This historical trend implies that property values in the city tend to rise over time. 

Zillow’s one-year market forecast for the Charlotte housing market, expects a 6.5% increase in home values. The 6.5% increase suggests a possible rise in home prices in the near future. 

5. Education and Healthcare

Top educational and healthcare facilities in Charlotte, NC, enhance the residents' lives. They draw long-term tenants who prioritize exceptional education and healthcare. 

Navigate through Charlotte North Carolina homes for sale in a city steeped in educational richness.

Best Colleges in Charlotte, NC: 

This public institution is classified as a National University. It secures the #178 ranking in the 2024 edition of Best Colleges by the U.S. News and World Report. 

This private institution stands out as a National Liberal Arts College. It secures the #172 position in the 2024 edition of Best Colleges. 

This private institution is a Regional University in the South. It holds the 16 spot in the 2024 edition of Best Colleges. 

  • Johnson & Wales University-Charlotte 

Johnson & Wales University-Charlotte is listed as a Regional College in the South. It ranks #24 in the 2024 edition of Best Colleges. 

Consider Charlotte NC investment properties benefiting from a robust healthcare infrastructure.

Best Hospitals in Charlotte, NC: 

This Charlotte-based facility owns national recognition in 8 pediatric specialties. It is highly performing in 4 adult specialties and 14 procedures and conditions. 

This facility is nationally ranked in 1 adult specialty and specializes in rehabilitation. 

  • Levine Children’s Hospital 

Levine Children’s Hospital is nationally ranked in 8 pediatric specialties. This facility provides comprehensive care for children in the community. 

Esteemed colleges and universities make Charlotte attractive for students, faculty, and staff. Top-tier healthcare facilities guarantee a high quality of life for Charlotte residents. Both are strong selling points for potential tenants. 



Buying rental properties in Charlotte, NC, requires carefully evaluating many factors. Working with a skilled agent like Nancy Braun is crucial for your investment journey. Nancy has access to exclusive opportunities, comprehensive support, and strong negotiation skills. With her guidance, you’ll be able to unlock the full potential of your investments in Charlotte. 


Contact Nancy Braun at 704-286-9844 to start reaching your real estate goals. 



Posted by

Nancy Braun

Owner & Broker in Charge

Showcase Realty,LLC


1430 S Mint St Suite 106

Charlotte, NC 28203


704-625-2361 (f)