The cost of rent varies depending on several factors, such as location, size and quality. The average income in Charlotte increased by 0.1% over the course of February and has now increased by a total of 4.8% in the last 12 months. Read on to learn more about what's happening in the Charlotte rental market and how it compares to trends in the Charlotte metropolitan area and across the country. Keep this in mind when referring to the following data, as it may not accurately describe the current context of the Charlotte, North Carolina rental market.
Among the large shopping malls with a mix of renowned department stores and restaurants and smaller, independently owned stores and restaurants are RiverGate in southwest Charlotte, the Arboretum in South Charlotte, and the Park Road Shopping Center, Carolina Pavilion and Cotswold Village Shops, which are in a more central location. Renters occupy 47% of real estate in Charlotte, North Carolina, and occupy a total of 159,931 units, while landlords live in 179,054 properties. A total of 73,511 apartments for rent in Charlotte, North Carolina, or 46% of all rentals, are family homes. The fastest annual growth in subway rent occurs in Matthews (10.0%), while the slowest is in Mooresville (1.3%).
There are 62,188 two-bed rentals in Charlotte, North Carolina, representing the largest market share, at 39%. When it comes to transportation options, 53% of renters in Charlotte, North Carolina, have 1 available vehicle per household, 28% have 2 vehicles available, and 11% have no vehicle available. By contrast, residents with less than a high school degree reside in 11% of rental homes in Charlotte, North Carolina. The changes in rental prices caused by the COVID-19 pandemic are not yet reflected in the statistics on this page.
Queen City offers several shopping centers, including malls and shopping malls, and it's not hard to find apartments in Charlotte that are close to at least one of them. The majority of condominiums for rent in Charlotte, North Carolina are occupied by residents in the 25-34 age group (32%), followed by those in the 35-44 age group (23%).