Charlotte Rental Market Analysis – August 2020 Property Management

As we continue to move through the current economic crisis, the Charlotte rental market is still showing signs of increasing strength. The month of July closed out with an average monthly rental price of $1640 per month, a slight increase from one year ago of $1635, but more of an increase from June of 2020 which held a monthly average of $1,624. While the number of leased units has increased year to date by over 18% the number of leased properties in July saw a decrease from July 2019 dropping from 947 to 859. This decrease in number of leased units is due to limited inventory, low inventory increases prices due to supply and demand. We are in need of rental properties, please give us a call to discuss our property management services and how we can help you with your investment properties.

If you are interested in learning more about the market and hot areas contact My Home Leasing, we would love the opportunity to work with you.

Simply complete our short form with information on your property and we will provide you with the current active inventory and achieved rental rates that are specific to your property.