Charlotte’s November Rental Property Market Update

November 2020 – Charlotte Rental Market Analysis

The Charlotte rental market continues to show growth in the month of November.  November closed out with an average monthly rental price of $1649 per month. The number of leased units continues to grow, increasing year to date by over 12.2%. The Charlotte rental market continues to have limited inventory, showing a 48% decrease in active properties over the past year.  Lower inventory increases prices due to supply and demand. Now is a great time to contact us to discuss our property management services and how we can help you with your investment properties.