Charlotte Real Estate Market Analysis

Houses for Sale in Charlotte

Start Analyzing
Mashvisor Home

Discover Charlotte

Located in the Piedmont Plateau in south central North Carolina, Charlotte is the largest city in the state and the second largest in the southeastern US after Jacksonville, Florida. With a population of 872,500 people, it is the 16th most populous city in the US. The Charlotte metropolitan area’s population stands at nearly 2.6 million, making it the 23rd largest in the US. 

The Charlotte real estate market benefits from the fact that the population growth rate for the city is twice the national growth rate thanks to a strong net migration. Additionally, a high percentage of the population consists of people under the age of 44, which helps boost economic activity in Charlotte. According to NeighborhoodScout, 46.9% of the city’s residents rent rather than buy their own homes, which is a good sign for Charlotte real estate investors since the tenant pool for rental properties is large. 

The “Queen City” ranks among the best of the largest US cities for jobs, according to Forbes. It is in fact a major commerce center and the second largest banking center in the US after New York City. It is home to the corporate headquarters for the Bank of America, the nation’s second largest financial institution by total assets, and serves as the regional headquarters for the East Coast operations of Wells Fargo. In total, six Fortune 500 companies and 14 Fortune 1000 companies have their headquarters in the Charlotte region, ranging from foodstuff companies to manufacturing, retail and transportation companies, along with a wide range of other businesses. 

The motorsports industry is a major driver of economic development in Charlotte, with dozens of racing teams from NASCAR, Nationwide, and Craftsman Truck series based in the city, as well as hundreds of companies supplying engineering technologies to the teams. Each year, millions of visitors from all over the country and the world are drawn to the city to attend racing events and visit the NASCAR Hall of Fame, among other tourist attractions. In 2017, the Charlotte region hosted approximately 28.3 million visitors. 

Known as “The New Energy Capital”, Charlotte is a thriving center for energy-oriented industries, with more than 300 energy companies employing over 35,000 people in the Charlotte area.  Charlotte is also a major distribution and transportation hub for the East Coast, owing to its proximity to a wide variety of markets, as well as an excellent interstate highway system, good railway access, and an inland port facility. 


The Charlotte housing market was named the 9th most important U.S. Market to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. The multiple economic sectors, along with the strong economic growth and huge job market make the city attractive to real estate investors.

Charlotte  Real Estate Investment Performance

Facts and Market Trends in Charlotte
Homes For Sale2,708
Airbnb Properties2,436
Rental Properties2,924
Traditional Vacancy rate6.20%
Airbnb Occupancy Rate58.98%
Mashmeter34.15%
Median Price$420,115
Median Rent Price$2,174
Price/sqft$408
Median Days on Market57
Price to Rent Ratio26.1
Average Cap Rate
Airbnb6.36%
Traditional4.40%
Average Rental Income
Airbnb$2,820
Traditional$1,809
 
Median Household Income$65,359
Population879,709
Transportation in Charlotte
26 / 100
Car-Dependent
27 / 100
Some Transit
31 / 100
Somewhat Bikeable
Best Short Term Rental Markets

Find great vacation rentals for sale in the top performing markets

Short Term Rentals For Sale
Predict Short-Term Rental Revenue

Calculate annual revenue, ADR, & occupancy rates with our free Airbnb calculator

Short Term Rental Calculator

Charlotte  Rent Prices

RENTAL STRATEGY STUDIOS 1 BEDROOM 2 BEDROOMS 3 BEDROOMS 4 BEDROOMS
Airbnb$2,261$2,050$2,400$2,827$3,827
Traditional$1,343$1,332$1,544$2,060$2,528

Charlotte, NC - Homes for Sale - Newly Listed

624 Gaywood Drive
Charlotte, NC 28273
Montclaire South
Single Family Residential
3 beds2 baths1,325 sq.ft.
CAP RATE
Trad. 5.35%Airbnb 6.54%
333 W Trade Street #801
Charlotte, NC 28202
Fourth Ward
Condo/Coop
2 beds2 baths1,165 sq.ft.
CAP RATE
Trad. 1.24%Airbnb 1.21%
417 N Laurel Avenue
Charlotte, NC 28204
Chantilly
Single Family Residential
2 beds2 baths1,526 sq.ft.
CAP RATE
Trad. 0.46%Airbnb 0.72%
6553 Quarterbridge Lane
Charlotte, NC 28262
Mineral Springs-Rumble Road
Condo/Coop
3 beds3 baths1,531 sq.ft.
CAP RATE
Trad. 3.46%Airbnb 6.10%

Top Performing Charlotte Properties

12325 Parks Farm Ln
Charlotte, NC 28277
Providence Crossing
Single Family Residential
4 beds2 baths2,582 sq.ft.
CAP RATE
Trad. 3.59%Airbnb 7.97%
6451 Ziegler Ln
Charlotte, NC 28269
Davis Lake - Eastfield
Condo/Coop
3 beds2 baths1,422 sq.ft.
CAP RATE
Trad. 4.13%Airbnb 7.94%
9656 Littleleaf Drive
Charlotte, NC 28215
Hickory Ridge
Condo/Coop
2 beds3 baths1,269 sq.ft.
CAP RATE
Trad. 2.75%Airbnb 7.93%
233 Owen Blvd
Charlotte, NC 28213
Newell South
Other
beds baths0 sq.ft.
CAP RATE
Trad. 4.63%Airbnb 7.91%

Recently Sold Homes in Charlotte, NC

3726 / 3728 Dresden Drive
Charlotte, NC 28205
Oakhurst
Multi Family
5 beds2 baths1,811 sq.ft.
CAP RATE
Trad. 2.37%Airbnb N/A
6011-6013 Olinda St
Charlotte, NC 28215
Oak Forest
Multi Family
4 beds2 baths1,916 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
2449 Marlowe Ave
Charlotte, NC 28208
Ashley Park
Multi Family
6 beds2 baths1,846 sq.ft.
CAP RATE
Trad. 1.22%Airbnb N/A
815 Heather Ln
Charlotte, NC 28209
Ashbrook-Clawson Village
Multi Family
5 beds3 baths2,411 sq.ft.
CAP RATE
Trad. 1.12%Airbnb N/A

Property Value Changes and Real Estate Appreciation in the Charlotte Housing Market

Real estate appreciation in the Charlotte real estate market is tangible as value has risen by 72.96% since Q1 of 2000, which is an average annual home appreciation rate of 2.89% according to NeighborhoodScout. Property value is still climbing in the Charlotte real estate market as Zillow reports an appreciation of 7.3% in 2018. This housing market trend is expected to continue, which makes Charlotte a seller’s market with large opportunities for long-term return on investment.

Nevertheless, Charlotte home prices remain relatively affordable compared to other top markets in the US. That’s why buying an investment property in Charlotte makes for a good real estate investment.

Charlotte, NC Top Multi Family Homes

6034 Tuckaseegee Road
Charlotte, NC 28208
Toddville Road
Multi Family
5 beds3 baths2,156 sq.ft.
CAP RATE
Trad. 5.37%Airbnb N/A
3824 Rosehaven Drive
Charlotte, NC 28205
Eastway-Sheffield Park
Multi Family
6 beds4 baths2,189 sq.ft.
CAP RATE
Trad. 5.32%Airbnb N/A
1048 Pinafore Drive
Charlotte, NC 28212
East Forest
Multi Family
4 beds2 baths1,659 sq.ft.
CAP RATE
Trad. 3.41%Airbnb N/A
809/811 North Avenue
Charlotte, NC 28208
Thomasboro-Hoskins
Multi Family
2 beds2 baths1,200 sq.ft.
CAP RATE
Trad. 3.22%Airbnb N/A

Homes Below Median Price in the Charlotte, NC Real Estate Market

12325 Parks Farm Ln
Charlotte, NC 28277
Providence Crossing
Single Family Residential
4 beds2 baths2,582 sq.ft.
CAP RATE
Trad. 3.59%Airbnb 7.97%
6451 Ziegler Ln
Charlotte, NC 28269
Davis Lake - Eastfield
Condo/Coop
3 beds2 baths1,422 sq.ft.
CAP RATE
Trad. 4.13%Airbnb 7.94%
9656 Littleleaf Drive
Charlotte, NC 28215
Hickory Ridge
Condo/Coop
2 beds3 baths1,269 sq.ft.
CAP RATE
Trad. 2.75%Airbnb 7.93%
233 Owen Blvd
Charlotte, NC 28213
Newell South
Other
beds baths0 sq.ft.
CAP RATE
Trad. 4.63%Airbnb 7.91%

Charlotte Airbnb Growth and Regulations

The Airbnb rentals business has been booming in Charlotte, as a result of the city’s position as a hot tourist destination. The Airbnb Charlotte market generated a total of  $8.7 million in Airbnb revenue in 2017, accounting for nearly 9% of the state’s total Airbnb income. 

Short-term rental rules in Charlotte are governed by the city’s Zoning Ordinance, which regulates most land uses. This means that the first thing Airbnb Charlotte investors need to do is check if their investment property is consistent with the city’s zoning requirements or use definitions.  The City of Charlotte also requires everyone planning on operating a short-term rental within its jurisdiction to apply for a business license and pay a business license tax. A fire inspection is required as part of the approval process, and the Planning Department will review the application for compliance with the city’s building and housing standards. In addition to a state sales tax, a room occupancy tax applies to all short-term rentals, i.e. in the case when someone stays in a property for less than 90 days. The Airbnb platform collects and remits those taxes on behalf of its operators.

Charlotte, NC Top Airbnb Homes

Entire home/apt · 1 bed
Your own condo in uptown Charlotte
1048
Entire home/apt · 2 beds
Your home away from home
810
Entire home/apt · 1 bed
Magnolia Oaks - Convenience & Comfort
786
Entire home/apt · 2 beds
Queen City Charmer-weekly
766

Charlotte, NC Homes for Rent

14504 John Beck Drive
Charlotte, NC 28273
Yorkshire
Single Family
3 beds3 baths0 sq.ft.
909 Woodruff Place
Charlotte, NC 28208
Wesley Heights
Single Family
2 beds2 baths1,502 sq.ft.

Charlotte, NC Open Houses

417 N Laurel Avenue
Charlotte, NC 28204
Chantilly
Single Family Residential
2 beds2 baths1,526 sq.ft.
CAP RATE
Trad. 0.46%Airbnb 0.72%
4113 Stoneygreen Lane
Charlotte, NC 28215
Farm Pond
Single Family Residential
3 beds3 baths1,602 sq.ft.
CAP RATE
Trad. 2.84%Airbnb 3.87%
4212 Stoneygreen Lane
Charlotte, NC 28215
Farm Pond
Single Family Residential
3 beds3 baths2,013 sq.ft.
CAP RATE
Trad. 2.41%Airbnb 3.34%
2961 Textile Way
Charlotte, NC 28205
North Charlotte
Condo/Coop
1 beds1 baths662 sq.ft.
CAP RATE
Trad. 1.79%Airbnb 2.51%

Best Charlotte Neighborhoods for Buying Investment Property

Revolution Park
Charlotte, NC
108%
Mashmeter
property price
259995
Median
cap rate
6.83%
Traditional
13.40%
Airbnb
rental income
$1,480
Traditional
$2,903
Airbnb
homes for sale
3
occupancy rate
56%
Airbnb
Montclaire South
Charlotte, NC
58%
Mashmeter
property price
225000
Median
cap rate
9.32%
Traditional
12.63%
Airbnb
rental income
$1,747
Traditional
$2,368
Airbnb
homes for sale
9
occupancy rate
52%
Airbnb
Wildwood
Charlotte, NC
51%
Mashmeter
property price
345900
Median
cap rate
5.35%
Traditional
7.47%
Airbnb
rental income
$1,541
Traditional
$2,153
Airbnb
homes for sale
50
occupancy rate
52%
Airbnb
Hickory Ridge
Charlotte, NC
50%
Mashmeter
property price
385000
Median
cap rate
4.93%
Traditional
8.08%
Airbnb
rental income
$1,582
Traditional
$2,594
Airbnb
homes for sale
94
occupancy rate
50%
Airbnb
Westchester
Charlotte, NC
50%
Mashmeter
property price
289162
Median
cap rate
5.49%
Traditional
9.02%
Airbnb
rental income
$1,322
Traditional
$2,173
Airbnb
homes for sale
6
occupancy rate
49%
Airbnb
Other Housing Market Reports

All Charlotte Neighborhoods