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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 Realtors and Real Estate Agents


Charlotte  Real Estate Investment Performance
Facts and Market Trends in Charlotte
Homes For Sale1,314
Airbnb Properties1,134
Rental Properties2,739
Traditional Vacancy rate4.50%
Airbnb Occupancy Rate59.60%
Mashmeter65.74%
Median Price$389,997
Median Rent Price$1,623
Price/sqft$247
Median Days on Market83
Price to Rent Ratio23.1
Average Cap Rate
Airbnb2.14%
Traditional2.17%
Average Rental Income
Airbnb$2,311
Traditional$1,576
 
Median Household Income$53,274
Population859,035
Transportation in Charlotte
26 / 100
Car-Dependent
29 / 100
Some Transit
30 / 100
Somewhat Bikeable
Charlotte  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,537$1,310$1,864$2,556$3,582
Traditional$1,127$1,024$1,177$1,589$2,023
Charlotte, NC - Homes for Sale - Newly Listed
$279,900
MLS 3729075
545 Ambassador Street
Charlotte, NC 28208
Seversville
Single Family Residential
2 beds1 baths875 sq.ft.
CAP RATE
Trad. 2.26%Airbnb 2.47%
$229,900
MLS 3726792
16222 Redstone Mountain Lane
Charlotte, NC 28277
Ballantyne West
Single Family Residential
2 beds2 baths1,340 sq.ft.
CAP RATE
Trad. 3.01%Airbnb -0.32%
$200,000
MLS 3726756
2100 Double Oaks Road
Charlotte, NC 28206
Genesis Park
Single Family Residential
2 beds1 baths616 sq.ft.
CAP RATE
Trad. 1.78%Airbnb 4.35%
$216,500
MLS 3728124
1210 Green Oaks Lane #H
Charlotte, NC 28205
Briarcreek-Woodland
Single Family Residential
2 beds2 baths957 sq.ft.
CAP RATE
Trad. 1.28%Airbnb 4.57%
Top Performing Charlotte Properties
$189,900
MLS 3708632
1832 Erie Street
Charlotte, NC 28216
Oaklawn
Single Family Residential
3 beds1 baths1,039 sq.ft.
CAP RATE
Trad. 6.53%Airbnb 7.99%
$275,000
MLS 3723722
14839 Santa Lucia Drive
Charlotte, NC 28277
Ballantyne West
Condo/Coop
3 beds2 baths1,255 sq.ft.
CAP RATE
Trad. 2.80%Airbnb 7.95%
$365,000
MLS 3725777
4911 Benthaven Lane
Charlotte, NC 28269
West Sugar Creek-W T Harris Bl
Single Family Residential
4 beds3 baths2,418 sq.ft.
CAP RATE
Trad. 1.88%Airbnb 7.93%
$273,000
MLS 3719047
15761 Castle Watch Avenue
Charlotte, NC 28277
Ballantyne West
Single Family Residential
3 beds4 baths1,980 sq.ft.
CAP RATE
Trad. 2.75%Airbnb 7.92%
Recently Sold Homes in Charlotte, NC
$565,000
MLS 3718879
447 West Boulevard
Charlotte, NC 28203
Wilmore
Multi Family
3 beds3 baths1,892 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$465,000
MLS 3705717
453 West Boulevard #453/455
Charlotte, NC 28203
Wilmore
Multi Family
2 beds2 baths1,961 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$599,900
MLS 3726592
713/ 715 Grandin Road #36
Charlotte, NC 28208
Wesley Heights
Multi Family
6 beds6 baths3,345 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$245,000
MLS 3715483
2615 Celia Avenue
Charlotte, NC 28216
Washington Heights
Multi Family
6 beds2 baths1,525 sq.ft.
CAP RATE
Trad. N/AAirbnb 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
$485,000
MLS 3673630
324 E Kingston Avenue
Charlotte, NC 28203
Dilworth
Multi Family
3 beds2 baths1,530 sq.ft.
CAP RATE
Trad. 3.19%Airbnb N/A
$390,000
MLS 3687248
1034 Charles Avenue
Charlotte, NC 28205
North Charlotte
Multi Family
4 beds2 baths1,820 sq.ft.
CAP RATE
Trad. 2.30%Airbnb N/A
$369,900
MLS 3680592
3615 Morris Field Drive
Charlotte, NC 28208
Westerly Hills
Multi Family
4 beds4 baths2,268 sq.ft.
CAP RATE
Trad. 2.20%Airbnb N/A
$395,000
MLS 3686549
2401 Lydia Avenue
Charlotte, NC 28205
Plaza Hills
Multi Family
2 beds2 baths1,450 sq.ft.
CAP RATE
Trad. 2.15%Airbnb N/A
Homes Below Median Price in the Charlotte, NC Real Estate Market
$189,900
MLS 3708632
1832 Erie Street
Charlotte, NC 28216
Oaklawn
Single Family Residential
3 beds1 baths1,039 sq.ft.
CAP RATE
Trad. 6.53%Airbnb 7.99%
$275,000
MLS 3723722
14839 Santa Lucia Drive
Charlotte, NC 28277
Ballantyne West
Condo/Coop
3 beds2 baths1,255 sq.ft.
CAP RATE
Trad. 2.80%Airbnb 7.95%
$365,000
MLS 3725777
4911 Benthaven Lane
Charlotte, NC 28269
West Sugar Creek-W T Harris Bl
Single Family Residential
4 beds3 baths2,418 sq.ft.
CAP RATE
Trad. 1.88%Airbnb 7.93%
$273,000
MLS 3719047
15761 Castle Watch Avenue
Charlotte, NC 28277
Ballantyne West
Single Family Residential
3 beds4 baths1,980 sq.ft.
CAP RATE
Trad. 2.75%Airbnb 7.92%
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
$85 per night
Entire home/apt · 1 bed
Your own condo in uptown Charlotte
729
$63 per night
Entire home/apt · 1 bed
Cozy Studio Apt w/ Private Bathroom
630
$80 per night
Entire home/apt · 2 beds
Feels Like Home Apt Conveniently Located
531
$114 per night
Entire home/apt · 2 beds
Magnolia Oaks - Convenience & Comfort
528
Charlotte, NC Homes for Rent
$1,050
MLS 3729151
1920 St John Street
Charlotte, NC
Oaklawn
Single Family
2 beds1 baths1,088 sq.ft.
$1,695
MLS 3729187
9128 Arbor Creek Drive
Charlotte, NC
Highland Creek
Single Family
3 beds2 baths0 sq.ft.
$1,680
MLS 3728470
9722 Keltic Cove Drive
Charlotte, NC
Becton Park
Single Family
4 beds2 baths1,800 sq.ft.
$3,400
MLS 3727705
Charlotte, NC Open Houses
Open 1 PM to 4 PM
$375,000
MLS 3727848
3612 Woodleaf Road
Charlotte, NC 28205
Windsor Park
Single Family Residential
3 beds2 baths1,457 sq.ft.
CAP RATE
Trad. 2.24%Airbnb 3.20%
Open 11 AM to 1 PM
$389,900
MLS 3725911
300 5th Street W #552
Charlotte, NC 28202
Fourth Ward
Condo/Coop
2 beds2 baths1,156 sq.ft.
CAP RATE
Trad. 0.99%Airbnb 0.64%
Open 1 PM to 3 PM
$925,000
MLS 3727226
3620 Selwyn Avenue
Charlotte, NC 28209
Barclay Downs
Single Family Residential
3 beds3 baths2,708 sq.ft.
CAP RATE
Trad. 0.52%Airbnb 0.90%
Open 2 PM to 4 PM
$314,900
MLS 3726671
1033 Doveridge St
Charlotte, NC 28273
Starmount Forest
Townhouse
2 beds3 baths1,620 sq.ft.
CAP RATE
Trad. 1.72%Airbnb -2.82%
Best Charlotte Neighborhoods for Buying Investment Property
67%
Mashmeter
property price
$466,145
Median
cap rate
3.97%
Traditional
7.40%
Airbnb
rental income
$1,542
Traditional
$2,876
Airbnb
homes for sale
30
occupancy rate
58%
Airbnb
54%
Mashmeter
property price
$260,000
Median
cap rate
5.69%
Traditional
11.90%
Airbnb
rental income
$1,233
Traditional
$2,577
Airbnb
homes for sale
0
occupancy rate
60%
Airbnb
53%
Mashmeter
property price
$149,900
Median
cap rate
8.27%
Traditional
19.80%
Airbnb
rental income
$1,033
Traditional
$2,473
Airbnb
homes for sale
0
occupancy rate
59%
Airbnb
66%
Mashmeter
property price
$656,285
Median
cap rate
4.67%
Traditional
4.82%
Airbnb
rental income
$2,551
Traditional
$2,638
Airbnb
homes for sale
17
occupancy rate
74%
Airbnb
67%
Mashmeter
property price
$509,000
Median
cap rate
3.70%
Traditional
6.30%
Airbnb
rental income
$1,568
Traditional
$2,671
Airbnb
homes for sale
2
occupancy rate
61%
Airbnb
All Charlotte Neighborhoods