Charlotte, NC Real Estate Investments – Current Investment Opportunities and Market Data

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Charlotte is a popular business and financial center known for its well-educated residents and excellent colleges and is ranked #14 best city to live in the United States Charlotte has recently seen an increase in households and employment, contributing to a increase in house and rental prices due to excessive demand in this real estate market.

Related: New real estate investment offering: 4 single-family rental homes in North Carolina with a target annualized return of 20.7%

Real Estate Market Trends in Charlotte

Median home price in Charlotte: $379,000

The Charlotte real estate market had a strong last year, with median home prices rising 21.5%. Prices have trailed just behind the national average for the past few years and continue to stay below the average at $379,000 from $413,000. However, median home prices in the Charlotte market have increased by over $160,000 since 2017. With low 1-month supply, prices continue their upward trend.

Rental market in Charlotte

Charlotte’s median rent: $1,724

Charlotte rental vacancy: 7.8%

Median rental prices in Charlotte have been rising steadily since 2017 and have only increased 17.9% over the past year. Rental vacancy rates rose 2.6% from a year ago, putting the rate above the national average of 5.8%. Median rental prices are also just below the national average of $1,904.

See also: Real Estate Investing Guides and Resources

Current Real Estate Investments in Charlotte

There are currently 2 multi-family and residential income properties for sale in Charlotte listed on Loopnet.

The two multi-family properties for sale in Charlotte right now are:

11034 Cedar Alley – Located in the desirable neighborhood of Ballantyne, this 8-unit mixed-use building is listed at $5,995,000. The residential and commercial rental income opportunity in a rapidly growing area is offered by Ardor Commercial Advisors and is 100% occupied.

1300 Pamlico Street – This 32-unit building is being sold by the owner for $5,250,013. This is a rent-limited seniors’ complex with an on-site property manager located just 5 minutes from downtown.

Source of market data: Housing Tides

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