Home · Markets · Charlotte, NC
Charlotte sits in a long-run growth corridor with rent levels well below coastal peers. Vacancy elevated from 2023 deliveries. This page combines HUD Fair Market Rent anchors, ApartmentList-derived vacancy estimates, and CBRE-tier cap-rate benchmarks into one landlord-focused view.
Charlotte sits in a long-run growth corridor with rent levels well below coastal peers. Vacancy elevated from 2023 deliveries.
Vacancy is currently 8.4% with a year-over-year rent change of +0.4%. Rent direction is positive — underwriting can credit modest growth in year-2 rents but should not extrapolate aggressive trajectories given vacancy levels.
For deal-level analysis, the cap-rate calculator uses our Tier 1 benchmark (mid 5.8% for single-family). The cash-flow analyzer will give you a full P&L including debt service.
| Bedrooms | Median rent | Estimated range |
|---|---|---|
| Studio | $1,326 | $1,140 – $1,538 |
| 1 BR | $1,423 | $1,224 – $1,651 |
| 2 BR | $1,649 | $1,418 – $1,913 |
| 3 BR | $2,134 | $1,835 – $2,475 |
| 4 BR | $2,544 | $2,188 – $2,951 |
Anchored to HUD FMR for ZIP 28209, aged forward with BLS CPI Shelter (+4.6% / yr). Use the estimator below for a different ZIP within Charlotte.
Pre-filled for ZIP 28209. Change any field to re-estimate.
The HUD-anchored median 2-bedroom rent in Charlotte is approximately $1,649, with year-over-year growth of +0.4%. Individual rents vary widely by submarket and property condition — use the Rent Estimator above for a ZIP-specific number.
Charlotte sits in our Tier 1 group with an estimated cap rate band averaging 5.8% for single-family rentals and a vacancy rate of 8.4%. Charlotte sits in a long-run growth corridor with rent levels well below coastal peers. Vacancy elevated from 2023 deliveries.
Single-family rental cap rates in Charlotte typically land near 5.8%, with a metro-tier band drawn from CBRE survey ranges. Run the Cap Rate Calculator for a specific deal.
Year-over-year rent change is +0.4%. Forward 12-month projection blends recent metro trend with BLS shelter CPI. Use the LandlordIQ /get_rent_growth endpoint for the live projection.
No (NC state preemption). Notice to vacate: 30 days. Security deposit cap: 2x monthly rent. NC caps late fees at 5% of monthly rent or $15, whichever is greater. Plain-English summary, not legal advice.
Data: HUD Fair Market Rents (FY2024, public). Vacancy and rent growth are estimated blends of public datasets clearly labeled. Cap rate band is the Tier 1 benchmark from our benchmarks dataset. Regulation summary is editorial — not legal advice. See methodology.