If you’re interested in Charlotte real estate investing, you should know that this market is quickly growing. It’s also the second-largest banking center in the United States after New York and it passed San Francisco as the 15th largest metro in the US in 2020.
Due to its growth and high-income workforce, Charlotte is an excellent real estate market for investors looking for appreciation. Charlotte’s price points are higher, and cash flow is lower, which means most investors break even in the first year. Rents increase over time, which will help generate small amounts of cash flow.
The local Charlotte metro team in RealWealth’s network is the actual builder of the rental properties and not just a broker. As such, they have more control over the quality and the construction schedule. Below are the reasons to consider Charlotte for your next real estate investment.
Charlotte Investment Opportunity Quick Facts
- Investment Objective: Lower cash flow, higher appreciation
- Types of properties for sale: New construction SFRs and duplexes in A and B neighborhoods; New Subdivisions
- Average home price: $300,000 – $400,000
- Average monthly rents $1,800 – $2,400
Why Charlotte is a Great Place To Buy Rental Property
There are a variety of factors that make Charlotte a great place to buy rental property today.
- Affordability: Charlotte is still an affordable rental market with an average home price of $260,000, just slightly above the national average.
- Significant Appreciation: Homes in the Charlotte metro have appreciated over 120% in the last ten years, 40% faster than the national average.
- Rapid Population Growth: Charlotte’s population has grown by 22.49% since 2010, 191% faster than the national average.
- Considerable Job Growth: In the last 12 months, Charlotte has added 104,000 jobs. This growth rate is over 2% — 28% higher than the national average.
Rental Properties for Sale in Charlotte, NC
We previously worked with a turnkey rental property team that sold sell single-family homes and duplexes in A and B neighborhoods in Charlotte. We do not have a current team, but hope to have another soon. Please check back soon!
