October 2020 Charlotte NC Rental Market Analysis

The Charlotte rental market hasn’t slowed and is still showing growth in the month of October.  October closed out with an average monthly rental price of $1632 per month. The number of leased units continues to grow, increasing year to date by over 14%. The Charlotte rental market continues to have limited inventory, showing a 47% 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.

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.