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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 Sale1,987
Airbnb Properties912
Rental Properties1,843
Traditional Vacancy rate5.80%
Airbnb Occupancy Rate57.72%
Mashmeter65.35%
Median Price$399,680
Median Rent Price$1,439
Price/sqft$196
Median Days on Market82
Price to Rent Ratio21.0
Average Cap Rate
Airbnb2.67%
Traditional1.34%
Average Rental Income
Airbnb$2,278
Traditional$1,578
 
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$1,704$1,601$1,872$2,156$3,235
Traditional$1,072$959$1,087$1,416$1,835
Charlotte, NC - Homes for Sale - Newly Listed
Investment Properties for Sale
$119,000
MLS
3021 Colfax St
Charlotte, NC 28216
Oakview Terrace
Single Family Residential
2 beds1 baths1,025 sq.ft.
CAP RATE
Trad. 0.19%Airbnb 5.42%
Investment Properties for Sale
$115,754
MLS
17031 Greenlawn Hills Ct
Charlotte, NC 28213
Back Creek Church Road
Townhouse
3 beds2 baths1,409 sq.ft.
CAP RATE
Trad. 4.67%Airbnb 7.60%
Investment Properties for Sale
$308,000
MLS
1117 Kurt Ct
Charlotte, NC 28209
Madison Park
Townhouse
3 beds3 baths1,568 sq.ft.
CAP RATE
Trad. 2.09%Airbnb 1.27%
Investment Properties for Sale
$580,000
MLS 3568445
2040 Wilmore Drive
Charlotte, NC 28203
Wilmore
Single Family Residential
4 beds3 baths2,779 sq.ft.
CAP RATE
Trad. 2.04%Airbnb 4.35%
Top Performing Charlotte Properties
Investment Properties for Sale
$319,900
MLS 3557985
5919 Chalyce Lane
Charlotte, NC 28270
Sardis Forest
Single Family Residential
3 beds3 baths2,044 sq.ft.
CAP RATE
Trad. 1.00%Airbnb 7.99%
Investment Properties for Sale
$260,000
MLS 3559093
5818 Waverly Lynn Lane
Charlotte, NC 28269
Highland Creek
Single Family Residential
3 beds3 baths1,687 sq.ft.
CAP RATE
Trad. 1.83%Airbnb 7.99%
Investment Properties for Sale
$229,900
MLS 3561078
6012 Pale Moss Lane #71
Charlotte, NC 28269
Highland Creek
Single Family Residential
3 beds3 baths1,783 sq.ft.
CAP RATE
Trad. 0.98%Airbnb 7.94%
Investment Properties for Sale
$265,000
MLS 3541972
4503 Lenox Hill Place
Charlotte, NC 28269
Highland Creek
Single Family Residential
3 beds3 baths2,341 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 7.93%
Recently Sold Homes in Charlotte, NC
Investment Properties for Sale
$1,278,500
MLS 3559401
2720 Irby Drive
Charlotte, NC 28209
Freedom Park
Multi Family
4 beds5 baths3,607 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$580,000
MLS 3568445
2040 Wilmore Drive
Charlotte, NC 28205
Wilmore
Single Family Residential
4 beds3 baths2,779 sq.ft.
CAP RATE
Trad. 2.04%Airbnb 4.35%
Investment Properties for Sale
$445,000
MLS 3567663
7333 Harrisonwoods Place
Charlotte, NC 28270
Sardis Forest
Single Family Residential
4 beds3 baths2,610 sq.ft.
CAP RATE
Trad. 1.06%Airbnb 0.91%
Investment Properties for Sale
$189,900
MLS 3550268
13916 Singleleaf Lane
Charlotte, NC 28278
Yorkshire
Single Family Residential
2 beds3 baths1,553 sq.ft.
CAP RATE
Trad. 1.11%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
$117,900
MLS 3481807
319 Wakefield Drive #B
Charlotte, NC 28209
Barclay Downs
Multi Family
1 beds1 baths650 sq.ft.
CAP RATE
Trad. 5.19%Airbnb N/A
Investment Properties for Sale
$100,000
MLS 3455424
3120 Minnesota Road
Charlotte, NC 28208
Ashley Park
Multi Family
3 beds1 baths850 sq.ft.
CAP RATE
Trad. 3.57%Airbnb N/A
Investment Properties for Sale
$169,000
MLS 3536665
11429 Kingfisher Drive
Charlotte, NC 28226
Hwy 51-Park Road
Multi Family
2 beds3 baths1,289 sq.ft.
CAP RATE
Trad. 3.35%Airbnb N/A
Investment Properties for Sale
$190,000
MLS 3533066
7122 Tom Castain Lane
Charlotte, NC 28226
Johnston Rd.-McAlpine
Multi Family
2 beds3 baths1,375 sq.ft.
CAP RATE
Trad. 3.15%Airbnb N/A
Homes Below Median Price in the Charlotte, NC Real Estate Market
Investment Properties for Sale
$319,900
MLS 3557985
5919 Chalyce Lane
Charlotte, NC 28270
Sardis Forest
Single Family Residential
3 beds3 baths2,044 sq.ft.
CAP RATE
Trad. 1.00%Airbnb 7.99%
Investment Properties for Sale
$260,000
MLS 3559093
5818 Waverly Lynn Lane
Charlotte, NC 28269
Highland Creek
Single Family Residential
3 beds3 baths1,687 sq.ft.
CAP RATE
Trad. 1.83%Airbnb 7.99%
Investment Properties for Sale
$229,900
MLS 3561078
6012 Pale Moss Lane #71
Charlotte, NC 28269
Highland Creek
Single Family Residential
3 beds3 baths1,783 sq.ft.
CAP RATE
Trad. 0.98%Airbnb 7.94%
Investment Properties for Sale
$265,000
MLS 3541972
4503 Lenox Hill Place
Charlotte, NC 28269
Highland Creek
Single Family Residential
3 beds3 baths2,341 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 7.93%
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
638
Charlotte Airbnb
$97 per night
Entire home/apt · 1 bed
Your own condo in uptown Charlotte
570
Charlotte Airbnb
$60 per night
Entire home/apt · 1 bed
Cozy Studio Apt w/ Private Bathroom
545
Charlotte Airbnb
$86 per night
Entire home/apt · 3 beds
Uptown Bungalow
508
Charlotte, NC Homes for Rent
Investment Properties for Sale
$1,650
MLS 3568534
1242 Fordham Road
Charlotte, NC
Westover Hills
Single Family
3 beds2 baths1,480 sq.ft.
Investment Properties for Sale
$2,295
MLS 3423938
8504 Tonawanda Drive
Charlotte, NC
Provincetowne
Single Family
3 beds3 baths2,750 sq.ft.
Investment Properties for Sale
$1,395
MLS 3569213
301 Wakefield Drive
Charlotte, NC
Barclay Downs
Apartment
2 beds1 baths795 sq.ft.
Investment Properties for Sale
$1,000
MLS 3568904
817 September Lane
Charlotte, NC
Smallwood
Single Family
2 beds1 baths1,393 sq.ft.
Charlotte, NC Open Houses
Investment Properties for Sale
Open 2 PM to 4 PM
$620,000
MLS 3510004
1513 Landis Avenue
Charlotte, NC 28205
Plaza Midwood
Single Family Residential
4 beds4 baths2,653 sq.ft.
CAP RATE
Trad. 0.75%Airbnb 3.57%
Investment Properties for Sale
Open 1 PM to 3 PM
$240,000
MLS 3566901
3124 Mistletoe Drive
Charlotte, NC 28273
Olde Whitehall
Single Family Residential
3 beds3 baths1,813 sq.ft.
CAP RATE
Trad. 1.28%Airbnb 0.46%
Investment Properties for Sale
Open 12 PM to 2 PM
$660,000
MLS 3555242
220 Scofield Road
Charlotte, NC 28209
Barclay Downs
Single Family Residential
3 beds3 baths2,084 sq.ft.
CAP RATE
Trad. 0.55%Airbnb 1.83%
Investment Properties for Sale
Open 5 PM to 7 PM
$359,900
MLS 3548779
919 Fairbanks Road
Charlotte, NC 28210
Closeburn-Glenkirk
Single Family Residential
3 beds2 baths1,576 sq.ft.
CAP RATE
Trad. 1.22%Airbnb 1.02%
Best Charlotte Neighborhoods for Buying Investment Property
69%
Mashmeter
property price
$399,990
Median
cap rate
5.33%
Traditional
7.74%
Airbnb
rental income
$1,777
Traditional
$2,580
Airbnb
homes for sale
6
occupancy rate
57%
Airbnb
71%
Mashmeter
property price
$406,990
Median
cap rate
5.73%
Traditional
9.02%
Airbnb
rental income
$1,942
Traditional
$3,060
Airbnb
homes for sale
15
occupancy rate
70%
Airbnb
81%
Mashmeter
property price
$316,350
Median
cap rate
8.49%
Traditional
12.17%
Airbnb
rental income
$2,239
Traditional
$3,208
Airbnb
homes for sale
50
occupancy rate
71%
Airbnb
69%
Mashmeter
property price
$299,900
Median
cap rate
7.47%
Traditional
10.23%
Airbnb
rental income
$1,866
Traditional
$2,558
Airbnb
homes for sale
9
occupancy rate
71%
Airbnb
53%
Mashmeter
property price
$253,000
Median
cap rate
4.60%
Traditional
11.76%
Airbnb
rental income
$970
Traditional
$2,479
Airbnb
homes for sale
0
occupancy rate
59%
Airbnb
All Charlotte Neighborhoods