A new report has just been released showing a surprising trend in North Carolina’s single-family rental market.
According to Rentometer’s latest analysis North Carolina’s rental market continues to cool, with 66% of cities tracked by Rentometer recording either flat or declining rents over the past year. The statewide median asking rent for a three-bedroom single-family home now stands at $1,915, as increased housing supply continues to moderate rent growth.
Some highlights from the state’s largest markets:
- Charlotte: $2,035 (+1.8%) – modest rent growth, though well below the rapid increases seen during the pandemic years.
- Raleigh: $1,995 (+0.3%) – essentially flat over the past year.
- Durham: $2,078 (+0.4%) – another Triangle market showing little change.
- Greensboro: $1,805 (+1.4%)
- Winston-Salem: $1,770 (+0.5%) – both Piedmont Triad markets remain broadly stable.
- Wilmington: $2,199 (-0.1%) – effectively unchanged from a year ago.
- Asheville: $2,200 (-8.1%) – one of the state’s largest year-over-year declines.
The full report is available here:
https://www.rentometer.com/
