Charlotte is now experiencing one of the most significant growth stages in its history, with construction starting on a new apartment complex almost every week. We’re also seeing equally significant growth in new companies moving here, booming start-ups, and local expansions – all adding to increased demand for new workers.
Our job sector is continuing to grow at a record pace and new companies continue to move here, including the recently announced Honeywell Corporate Headquarters move.
Today, Apartment List released their monthly rental report card for Charlotte, showing some moderate increases in prices.
According to the report, “Charlotte rents have increased by 0.2% over the past month, and are up moderately by 2.7% in comparison to the same time last year. Currently, median rents in Charlotte stand at $960 for a one-bedroom apartment and $1,120 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in October. Charlotte’s year-over-year rent growth leads the state average of 2.0%, as well as the national average of 0.9%.”
The report also shows that “throughout the past year, rent increases have been occurring not just in the city of Charlotte, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 2.0% over the past year. Here’s a look at how rents compare across some of the largest cities in the state.”
You can see the full Charlotte Apartment report card here.