Charlotte Housing market
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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 Sale
2,255
Airbnb Properties
597
Rental Properties
4,635
Traditional Vacancy rate
5.80%
Airbnb Occupancy Rate
57.63%
Mashmeter
63.63%
Median Price
$383,098
Median Rent Price
$1,527
Price/sqft
$190
Median Days on Market
77
Price to Rent Ratio
21.4
Average Cap Rate
Airbnb
2.55%
Traditional
1.22%
Average Rental Income
Airbnb
$2,167
Traditional
$1,495
 
Median Household Income
$53,274
Population
859,035
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$1,905$1,620$1,808$2,154$2,759
Traditional$1,075$954$1,074$1,358$1,772
Charlotte, NC - Homes for Sale - Newly Listed
Investment Properties for Sale
$240,000
MLS 3549725
2917 Oakdale Pasture Drive
Charlotte, NC 28216
Oakdale North
Single Family Residential
3 beds3 baths2,212 sq.ft.
CAP RATE
Trad. 0.80%Airbnb 4.69%
Investment Properties for Sale
$160,000
MLS 3546197
4538 Antelope Lane
Charlotte, NC 28269
West Sugar Creek-W T Harris Bl
Single Family Residential
2 beds3 baths1,416 sq.ft.
CAP RATE
Trad. 0.82%Airbnb 2.55%
Investment Properties for Sale
$509,800
MLS 3548501
1551 Duckworth Avenue #17
Charlotte, NC 28208
Seversville
Single Family Residential
3 beds4 baths2,070 sq.ft.
CAP RATE
Trad. 0.94%Airbnb -0.08%
Investment Properties for Sale
$285,000
MLS 3550217
1513 Parkwood Avenue
Charlotte, NC 28205
Villa Heights
Single Family Residential
3 beds1 baths1,254 sq.ft.
CAP RATE
Trad. 1.60%Airbnb 2.61%
Top Performing Charlotte Properties
Investment Properties for Sale
$195,000
MLS 3496695
2633 Ashley Road
Charlotte, NC 28208
Ashley Park
Single Family Residential
3 beds1 baths1,210 sq.ft.
CAP RATE
Trad. 2.53%Airbnb 7.90%
Investment Properties for Sale
$189,900
MLS 3543200
12180 Bottlebrush Place
Charlotte, NC 28277
Ballantyne West
Single Family Residential
3 beds3 baths1,300 sq.ft.
CAP RATE
Trad. 2.77%Airbnb 7.83%
Investment Properties for Sale
$75,000
MLS 3539970
8061 Cedar Glen Drive
Charlotte, NC 28212
East Forest
Single Family Residential
2 beds2 baths1,060 sq.ft.
CAP RATE
Trad. 0.96%Airbnb 7.79%
Investment Properties for Sale
$239,000
MLS 3522647
8425 Oak Drive
Charlotte, NC 28269
West Sugar Creek-W T Harris Bl
Single Family Residential
4 beds3 baths2,911 sq.ft.
CAP RATE
Trad. 2.20%Airbnb 7.76%
Recently Sold Homes in Charlotte, NC
Investment Properties for Sale
$235,994
MLS
8165 Windsor Ridge Dr
Charlotte, NC 28277
Provincetowne
Condo/Coop
3 beds2 baths1,489 sq.ft.
CAP RATE
Trad. 2.54%Airbnb N/A
Investment Properties for Sale
$146,004
MLS
2060 University Heights Ln
Charlotte, NC 28213
Harris-Houston
Townhouse
3 beds2 baths1,601 sq.ft.
CAP RATE
Trad. 4.23%Airbnb N/A
Investment Properties for Sale
$310,000
MLS 3534328
2000 Birchcrest Drive
Charlotte, NC 28205
Windsor Park
Single Family Residential
3 beds2 baths1,609 sq.ft.
CAP RATE
Trad. 0.11%Airbnb 1.77%
Investment Properties for Sale
$79,900
MLS 3454061
8602 Mandolin Court
Charlotte, NC 28227
Becton Park
Single Family Residential
2 beds1 baths960 sq.ft.
CAP RATE
Trad. 5.21%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
Investment Properties for Sale
$122,900
MLS 3481807
319 Wakefield Drive #B
Charlotte, NC 28209
Barclay Downs
Multi Family
1 beds1 baths650 sq.ft.
CAP RATE
Trad. 4.93%Airbnb N/A
Investment Properties for Sale
$125,000
MLS 3532233
4600-B Coronado Drive #B
Charlotte, NC 28212
North Sharon Amity
Multi Family
3 beds2 baths1,165 sq.ft.
CAP RATE
Trad. 4.86%Airbnb N/A
Investment Properties for Sale
$79,900
MLS 3524668
4914 Malibu Drive
Charlotte, NC 28215
Plaza-Eastway
Multi Family
2 beds1 baths832 sq.ft.
CAP RATE
Trad. 4.65%Airbnb N/A
Investment Properties for Sale
$99,900
MLS 3538452
602 Blendwood Drive
Charlotte, NC 28215
Shannon Park
Multi Family
2 beds1 baths832 sq.ft.
CAP RATE
Trad. 3.94%Airbnb N/A
Homes Below Median Price in the Charlotte, NC Real Estate Market
Investment Properties for Sale
$195,000
MLS 3496695
2633 Ashley Road
Charlotte, NC 28208
Ashley Park
Single Family Residential
3 beds1 baths1,210 sq.ft.
CAP RATE
Trad. 2.53%Airbnb 7.90%
Investment Properties for Sale
$189,900
MLS 3543200
12180 Bottlebrush Place
Charlotte, NC 28277
Ballantyne West
Single Family Residential
3 beds3 baths1,300 sq.ft.
CAP RATE
Trad. 2.77%Airbnb 7.83%
Investment Properties for Sale
$75,000
MLS 3539970
8061 Cedar Glen Drive
Charlotte, NC 28212
East Forest
Single Family Residential
2 beds2 baths1,060 sq.ft.
CAP RATE
Trad. 0.96%Airbnb 7.79%
Investment Properties for Sale
$239,000
MLS 3522647
8425 Oak Drive
Charlotte, NC 28269
West Sugar Creek-W T Harris Bl
Single Family Residential
4 beds3 baths2,911 sq.ft.
CAP RATE
Trad. 2.20%Airbnb 7.76%
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
Charlotte Airbnb
$96 per night
Entire home/apt · 1 bed
Gorgeous Basement Apt Near Uptown
608
Charlotte Airbnb
$97 per night
Entire home/apt · 1 bed
Your own condo in uptown Charlotte
540
Charlotte Airbnb
$60 per night
Entire home/apt · 1 bed
Cozy Studio Apt w/ Private Bathroom
521
Charlotte Airbnb
$87 per night
Entire home/apt · 3 beds
Uptown Bungalow
502
Charlotte, NC Homes for Rent
Investment Properties for Sale
$1,650
MLS 3546663
3605 Sweetgrass Lane
Charlotte, NC
Wessex Square
Single Family
3 beds2 baths1,575 sq.ft.
Investment Properties for Sale
$1,175
MLS 3550495
7153 Stonington Lane
Charlotte, NC
Marlwood
Townhouse
3 beds2 baths1,248 sq.ft.
Investment Properties for Sale
$950
MLS 3549860
9325 Old Concord Road
Charlotte, NC
Newell
Apartment
2 beds2 baths940 sq.ft.
Investment Properties for Sale
$1,300
MLS 3546903
1113 Spruce Street
Charlotte, NC
Wilmore
Single Family
2 beds1 baths735 sq.ft.
Charlotte, NC Open Houses
Investment Properties for Sale
Open 1 PM to 3 PM
$283,000
MLS 3542725
2026 Sandhurst Drive
Charlotte, NC 28205
Country Club Heights
Single Family Residential
3 beds2 baths1,258 sq.ft.
CAP RATE
Trad. 1.56%Airbnb 2.79%
Investment Properties for Sale
Open 2 PM to 4 PM
$289,900
MLS 3545910
15132 Edindale Drive
Charlotte, NC 28277
Ballantyne West
Single Family Residential
3 beds3 baths1,840 sq.ft.
CAP RATE
Trad. 1.96%Airbnb 5.28%
Investment Properties for Sale
Open 1 PM to 3 PM
$259,900
MLS 3549786
4018 Woodleaf Road
Charlotte, NC 28205
Windsor Park
Single Family Residential
3 beds2 baths1,239 sq.ft.
CAP RATE
Trad. 0.51%Airbnb 2.49%
Investment Properties for Sale
Open 12 PM to 3 PM
$310,000
MLS 3534328
2000 Birchcrest Drive
Charlotte, NC 28205
Windsor Park
Single Family Residential
3 beds2 baths1,609 sq.ft.
CAP RATE
Trad. 0.11%Airbnb 1.77%
Best Charlotte Neighborhoods for Buying Investment Property
67%
Mashmeter
property price
$385,000
Median
cap rate
7.14%
Traditional
7.40%
Airbnb
rental income
$2,289
Traditional
$2,375
Airbnb
homes for sale
19
occupancy rate
63%
Airbnb
62%
Mashmeter
property price
$411,944
Median
cap rate
3.02%
Traditional
7.98%
Airbnb
rental income
$1,036
Traditional
$2,740
Airbnb
homes for sale
42
occupancy rate
60%
Airbnb
68%
Mashmeter
property price
$314,900
Median
cap rate
4.41%
Traditional
8.22%
Airbnb
rental income
$1,159
Traditional
$2,156
Airbnb
homes for sale
1
occupancy rate
60%
Airbnb
68%
Mashmeter
property price
$325,000
Median
cap rate
4.03%
Traditional
7.55%
Airbnb
rental income
$1,091
Traditional
$2,044
Airbnb
homes for sale
1
occupancy rate
61%
Airbnb
68%
Mashmeter
property price
$392,497
Median
cap rate
5.42%
Traditional
7.10%
Airbnb
rental income
$1,774
Traditional
$2,321
Airbnb
homes for sale
6
occupancy rate
60%
Airbnb
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