Charlotte Rents Increased 0.5% This Month – May 2025 Rental Report

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Rents increased 0.4% in May, pulling the national median rent up to $1,398. However, May rent growth clocked in slower this year than in previous years – rents increased 0.6% in both May 2023 and May 2024 – so year-over-year rent growth has slid back down to -0.5%.

As we are in the midst of another slow season for the rental market, multifamily vacancies have risen to a new high of 7.0%, keeping rents at bay.

The Local Outlook:

Today, rent gains are concentrated in the Midwest and Northeast, while rent declines remain prevalent in the Sun Belt and Mountain West. In your market specifically:

  • Rents in Charlotte increased 0.5% in May, compared to a 0.4% increase nationwide.
  • Year-over-year rent growth in Charlotte now stands at -1.4%, up from -3.6% one year ago.
  • Today the median rent in Charlotte is $1,291 for a one-bedroom unit and $1,408 for a two-bedroom unit. And the citywide apartment vacancy rate stands at 8.7%, up 0.4 percentage points from this time last year.

For more national and local insights, check out the latest update to our Charlotte Rent Report.

First Rabies Case of 2025 Confirmed in Mecklenburg County

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Charlotte’s first confirmed rabies case was just detected in the Mint Hill area.

Charlotte-Mecklenburg Animal Care & Control said the infected raccoon was located near Mintbrook Drive in the 28227 zip code. Officials confirmed no human exposure, though one domestic pet came into contact with the rabid animal.

A countywide rabies alert was scheduled to be issued to residents near the area at 7 p.m. Wednesday. The Mecklenburg County Health Department is coordinating the response.

Last year, our county saw a total of 14 rabies cases, with Charlotte’s Wildwood, Hickory Ridge, and Mint Hill areas having had the most repeated rabies cases every year since 2020. Officials urged pet owners to ensure rabies vaccinations are current. North Carolina law requires dogs, cats, and ferrets to be vaccinated by four months of age and kept up to date.

To help keep pets protected, Mecklenburg hosts free rabies vaccination clinics on the second Saturday of each month at the Charlotte Vehicle Operations Center on Beam Road. The clinic runs from 8 a.m. to 10:45 a.m., and pet owners must bring a valid ID to receive the free one-year vaccine.

For questions about potential human exposures, residents can call 980-314-9198.

NCLBGC Warns Public About Unlicensed Contractor Activity During Hurricane Season

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The 2025 hurricane season begins on June 1, serving as a timely reminder for North Carolina residents to remain vigilant when making home repairs due to storm damage. The North Carolina Licensing Board for General Contractors (NCLBGC) urges homeowners to verify contractor credentials and be aware of unlicensed individuals offering repair services in the aftermath of severe weather events.

The NCLBGC urges citizens to exercise caution and avoid falling victim to scams by individuals posing as legitimate contractors. Licensed general contractors in North Carolina have met strict state requirements, including passing an examination, meeting the financial requirements, and completing continuing education courses.

According to the National Oceanic and Atmospheric Administration (NOAA), this year’s hurricane season is expected to be above normal, as above average Atlantic Ocean temperatures lay the groundwork. The outlook for the season predicts a 60% chance of an above-normal season. NOAA anticipates 13 to 19 named storms during the season, with 6 to 10 of them potentially developing into hurricanes. The hurricane season officially runs from June 1st to November 30th, with the peak season typically occurring between August and October.

A quote from NOAA’s prediction states, “As we witnessed last year with significant inland flooding from hurricanes Helene and Debby, the impacts of hurricanes can reach far beyond coastal communities,” said Acting NOAA Administrator, Laura Grimm. “NOAA is critical for the delivery of early and accurate forecasts and warnings, and provides the scientific expertise needed to save lives and property.”

“Each year during hurricane season, we see an increase in fraudulent activity by individuals posing as legitimate contractors,” states Ryan Cody, Executive Director at the NCLBGC. “We strongly encourage homeowners to protect themselves by verifying that any contractor they hire holds a valid North Carolina general contractors license.”

The NCLBCG reminds North Carolinians of the following:
  • Any project quoted at $40,000 or more requires a valid NC general contractors license.
  • Projects less than $40,000 do not require a license. However, hiring a NC licensed general contractor may offer security in knowing that you have contracted with a general contractor who is authorized to perform work in NC. Ask for proof that the contractor is licensed. The NCLBGC does not recognize licenses issued by other states or countries. Citizens can verify if the contractor is properly licensed in North Carolina by 1) searching on the NCLBGC’s website at www.nclbgc.org;  2)calling the NCLBGC at (919)-571-4183.
  • Be wary of door-to-door repair solicitations or people who demand deposits or payments in cash.
  • Contact your insurance company for guidance before beginning any work. Do not make a large deposit or upfront payment in full. Require a written contract that details the work to be done, materials to be used, a payment schedule that is based on completion of work and a timeline for work to be completed. A licensed general contractor is required to list their license number on all contracts.
  • Do not make payments before work specified on the payment schedule is completed.
  • Do not make payments for any work not specified in the contract unless it has been submitted and approved in writing by you before the additional work begins.
  • Request a Certificate of Insurance from the contractor and verify it is valid by contacting the party who issued it.
  • Before making final payment, evaluate the completed work and require the contractor to confirm that all subcontractors and suppliers have been paid to eliminate potential liens on your property.
  • Contact the local building inspections and permitting office to determine if permits are required to assure building code compliance. If permits are required, confirm with the permit office that the contractor has acquired them before construction begins.
  • Contact local law enforcement if you suspect you are being scammed by a contractor.
  • Contact the NC Attorney General’s office if you suspect you are being price gouged by the contractor at https://ncdoj.gov/file-a-complaint/price-gouging/ or call toll free within North Carolina at (877)-5-NO-SCAM or (877)-566-7226.

The NCLBGC is the state agency that issues licenses to approximately 30,000 licensed general contractors in North Carolina. Additional information is available at nclbgc.org or by calling or (919) 571-4183.

Delta Flight from New York Forced To Make Emergency Landing in Charlotte Due to Cockpit Fumes

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A Delta Air Lines flight from New York to Atlanta was forced to make an emergency landing in Charlotte this morning after fumes were reported in the cockpit.

Flight 2286, a Boeing 757, departed John F. Kennedy International Airport at 6:13 am with 112 passengers, two pilots, and six flight attendants on board. It was scheduled to land at Hartsfield-Jackson Atlanta International Airport at 8:24 am, according to Flight Tracker.

While flying near Wilkesboro, the flight crew reported a smoke-like smell in the cockpit. Delta told WCNC that the cabin remained unaffected and that the crew followed standard diversion procedures.

The aircraft landed safely at Charlotte Douglas International Airport at approximately 7:45 am this morning and has since safely unloaded all passengers and crew.

Charlotte Ranks as Least Unionized Major City in America

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Charlotte now holds the lowest union membership rate of any large metro area in the country, according to a new report by Construction Coverage. Just 1.4% of workers in the Charlotte-Concord-Gastonia metro area are union members—totaling 16,616 employees across a workforce of more than 1.1 million.

The analysis, which reviewed union membership rates across over 250 U.S. metros and all 50 states, highlights a broader national trend. Only 9.9% of U.S. workers were union members in 2024, down from 24.1% in 1979. Researchers cite globalization, the rise of gig work, evolving labor laws, and employer resistance as key factors behind the long-term decline.

Despite lower membership rates, union workers still see higher earnings. In 2024, full-time union employees earned a median of $1,337 per week—17.5% more than non-union workers, who averaged $1,138.

Charlotte’s ranking reflects its location in a right-to-work state, where union participation is optional and labor laws often favor employers. North Carolina, South Carolina, and South Dakota all posted union membership rates below 3%. By contrast, Hawaii (26.6%), New York (20.6%), and Alaska (17.6%) led the nation in union representation.

Union Membership Rates by City

Top Large Metros Rate*
1. New York-Newark-Jersey City, NY-NJ-PA 20.2%
2. Hartford-West Hartford-East Hartford, CT 19.3%
3. Riverside-San Bernardino-Ontario, CA 17.8%
4. Sacramento–Roseville–Arden-Arcade, CA 17.3%
5. Portland-Vancouver-Hillsboro, OR-WA 16.5%
6. Providence-Warwick, RI-MA 15.7%
7. San Francisco-Oakland-Hayward, CA 15.4%
8. Seattle-Tacoma-Bellevue, WA 15.1%
9. Rochester, NY 14.9%
10. Fresno, CA 13.9%
11. San Diego-Carlsbad, CA 13.6%
12. Detroit-Warren-Dearborn, MI 13.3%
13. Pittsburgh, PA 13.3%
14. Chicago-Naperville-Elgin, IL-IN-WI 13.2%
15. Buffalo-Cheektowaga-Niagara Falls, NY 13.2%
Bottom Large Metros Rate*
1. Charlotte-Concord-Gastonia, NC-SC 1.4%
2. Nashville-Davidson–Murfreesboro–Franklin, TN 3.2%
3. Tampa-St. Petersburg-Clearwater, FL 3.4%
4. Tucson, AZ 3.4%
5. Dallas-Fort Worth-Arlington, TX 3.6%
6. Richmond, VA 3.6%
7. San Antonio-New Braunfels, TX 4.0%
8. Atlanta-Sandy Springs-Roswell, GA 4.0%
9. Phoenix-Mesa-Scottsdale, AZ 4.0%
10. Raleigh, NC 4.0%
11. Austin-Round Rock, TX 4.1%
12. Birmingham-Hoover, AL 4.2%
13. Virginia Beach-Norfolk-Newport News, VA-NC 4.4%
14. Tulsa, OK 4.6%
15. Miami-Fort Lauderdale-West Palm Beach, FL 4.7%
Top Midsize Metros Rate*
1. Urban Honolulu, HI 26.8%
2. Albany-Schenectady-Troy, NY 24.1%
3. Stockton-Lodi, CA 23.9%
4. Flint, MI 23.4%
5. Atlantic City-Hammonton, NJ 20.8%
6. Lansing-East Lansing, MI 20.1%
7. Modesto, CA 19.7%
8. Springfield, MA 19.6%
9. Youngstown-Warren-Boardman, OH-PA 18.0%
10. Scranton–Wilkes-Barre–Hazleton, PA 17.7%
11. Worcester, MA-CT 17.1%
12. Syracuse, NY 16.9%
13. Ann Arbor, MI 16.4%
14. New Haven-Milford, CT 16.2%
15. Oxnard-Thousand Oaks-Ventura, CA 16.1%
Bottom Midsize Metros Rate*
1. Spartanburg, SC 0.0%
2. Hickory-Lenoir-Morganton, NC 1.1%
3. Lubbock, TX 1.1%
4. Durham-Chapel Hill, NC 1.2%
5. Augusta-Richmond County, GA-SC 1.4%
6. Asheville, NC 1.4%
7. Columbia, SC 1.6%
8. Greenville-Anderson-Mauldin, SC 1.6%
9. Greensboro-High Point, NC 1.7%
10. Pensacola-Ferry Pass-Brent, FL 1.7%
11. Fayetteville, NC 1.9%
12. Ocala, FL 2.1%
13. Killeen-Temple, TX 2.5%
14. Little Rock-North Little Rock-Conway, AR 2.6%
15. Fayetteville-Springdale-Rogers, AR-MO 2.7%
Top Small Metros Rate*
1. Kahului-Wailuku-Lahaina, HI 29.4%
2. Utica-Rome, NY 23.6%
3. Medford, OR 23.5%
4. Watertown-Fort Drum, NY 23.4%
5. Vineland-Bridgeton, NJ 20.1%
6. Santa Cruz-Watsonville, CA 18.3%
7. Mount Vernon-Anacortes, WA 17.9%
8. Barnstable Town, MA 17.4%
9. Norwich-New London, CT 17.2%
10. Muskegon, MI 16.9%
11. Lewiston-Auburn, ME 16.7%
12. Kennewick-Richland, WA 16.1%
13. Burlington-South Burlington, VT 16.1%
14. San Luis Obispo-Paso Robles-Arroyo Grande, CA 15.4%
15. Binghamton, NY 14.8%
Bottom Small Metros Rate*
1. Oshkosh-Neenah, WI 0.0%
2. Columbus, GA-AL 0.0%
3. Goldsboro, NC 0.0%
4. Warner Robins, GA 0.0%
5. St. George, UT 0.0%
6. Burlington, NC 0.9%
7. Longview, TX 1.0%
8. Sherman-Denison, TX 1.0%
9. Monroe, LA 1.0%
10. Gainesville, GA 1.8%
11. Farmington, NM 1.8%
12. Roanoke, VA 1.9%
13. Athens-Clarke County, GA 2.0%
14. Hilton Head Island-Bluffton-Beaufort, SC 2.0%
15. Bloomington, IN 2.1%

Union Membership Rates by State

Top States Rate*
1. Hawaii 26.6%
2. New York 20.6%
3. Alaska 17.6%
4. Connecticut 16.5%
5. New Jersey 16.2%
6. Washington 15.9%
7. Oregon 15.9%
8. Massachusetts 14.6%
9. California 14.5%
10. Rhode Island 14.4%
11. Vermont 14.3%
12. Minnesota 14.1%
13. Michigan 13.4%
14. Illinois 13.1%
15. Maine 13.1%
Bottom States Rate*
1. North Carolina 2.4%
2. South Dakota 2.7%
3. South Carolina 2.8%
4. Arkansas 3.6%
5. Utah 3.7%
6. Arizona 3.7%
7. Georgia 3.8%
8. Louisiana 3.9%
9. Texas 4.5%
10. Tennessee 4.6%
11. North Dakota 5.0%
12. Idaho 5.0%
13. Florida 5.1%
14. Virginia 5.2%
15. Mississippi 5.2%

*Union membership rate

Daimler Moving US Headquarters to Charlotte, Creating 276 New High-Paying Jobs

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via daimlertruck.com

Daimler Truck Financial Services USA (DTFS) will relocate its U.S. headquarters to Charlotte, creating 276 new jobs and investing more than $7.8 million in Mecklenburg County.

“Charlotte is the second largest banking center in the United States,” said Commerce Secretary Lee Lilley in a press release. “Daimler Truck knows the proximity to its existing manufacturing operations, combined with our excellent business climate and thriving financial sector, makes North Carolina the best place to grow and expand.”

The financial arm of Daimler Truck North America will consolidate offices from Michigan and Texas into a 60,000-square-foot Charlotte facility. The move will house administration, HR, and financial operations. DTFS finances Freightliner and Western Star trucks, as well as Thomas Built Buses.

“We’re thrilled to establish our new headquarters in the Ballantyne area—this move marks a pivotal step in aligning our team closer to DTNA and advancing our strategy for long-term services growth,” said Kevin Bangston, president and CEO of Daimler Truck Financial Services.

New jobs will average $133,940 annually—well above the county’s $86,830 average—and generate a projected $36.9 million in payroll impact.

A state-approved Job Development Investment Grant (JDIG) will support the move, potentially reimbursing up to $4.17 million over 12 years. The project is expected to grow North Carolina’s economy by $1.08 billion, with a projected $2.19 return for every $1 of public investment.

Man Dies At Industrial Factory in Kings Mountain – Investigation Underway

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A 67-year-old Gastonia man died Tuesday morning following a workplace accident at NVR Building Products in Kings Mountain, North Carolina.

Emergency crews from Kings Mountain Police, Kings Mountain Fire Department, and Cleveland County EMS responded around 9:10 a.m. to a report of cardiac arrest at the facility on Riverside Court. Upon arrival, responders discovered that an industrial incident had occurred and pronounced the man dead at the scene.

Authorities identified the victim as Willy Victor Carmona. His family has been notified, and the Cleveland County chaplain was dispatched to provide support.

While no foul play is suspected, the incident remains under active investigation. The North Carolina Department of Labor is assisting local authorities in determining the circumstances surrounding the accident.

NVR is the parent company of Ryan Homes, NVHomes, and Heartland Homes. According to NVR’s website, its building products division supports operations in eight states, including North Carolina.

Additional information will be released as it becomes available.

Charlotte’s Build-to-Rent Market Grows 894% in Five Years

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Charlotte now ranks #5 nationally for new build-to-rent completions, adding 1,415 new single-family rentals last year.

Here are some of the Point2Homes report highlights for the Queen City:

  • Charlotte’s Rapid 5-Year Expansion: Over the past five years, Charlotte added 3,665 new BTR homes, increasing its single-family rentals inventory by a staggering 894% compared to 2019 —one of the steepest growth rates of any of the metros analyzed.
  • Broader Context: Charlotte joins metros like Jacksonville, Huntsville, Columbus and Tampa in breaking the 1,000-unit threshold for 2024 — a clear sign of widespread momentum in the build-to-rent sector across the country.
  • Continued Expansion Ahead: The entire BTR sector reached a historic high with 39,000 new units completed in 2024, a 15.5% increase from 2023 and ten times higher than 2015. This expansion is set to continue, with nearly 110,000 single-family rental homes currently in the pipeline across the country. Charlotte will remain a key player, with 4,886 additional homes planned or currently under construction.

Ross Chastain Rallies from Last to Win Coca-Cola 600 at Charlotte Motor Speedway

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Ross Chastain surged from the back of the field to win the 2025 NASCAR Cup Series Coca-Cola 600 on Sunday night at Charlotte Motor Speedway, outdueling William Byron in a dramatic six-lap sprint to the finish.

Chastain, driving the No. 1 Chevrolet for Trackhouse Racing, started 40th after a crash in practice and took the lead with six laps remaining, ending an 18-race winless streak and earning his sixth career Cup victory. It was his first win in eight career starts at the 1.5-mile oval and the first time a driver has won the crown jewel event from last place.

Byron, who dominated the race by winning all three stages and leading 283 laps, finished second, just 0.673 seconds behind. Chase Briscoe, AJ Allmendinger, and Brad Keselowski rounded out the top five.

Chastain became the eighth driver to lock into the 2025 NASCAR Cup Series playoffs and the first to win the Coca-Cola 600 in a backup car since Byron’s Daytona 500 win in 2024.

11 Injured in Memorial Day Weekend Boat Shooting in South Carolina

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At least 11 people were injured in a Sunday night shooting during a Memorial Day weekend gathering on a charter boat in Little River, South Carolina, according to Horry County Police.

The shooting occurred around 9:30 pm near the waterfront community just north of Myrtle Beach. Investigators said the incident stemmed from an altercation during a private event aboard the boat.

Ten individuals sustained confirmed gunshot wounds, while one person reported a non-gunfire-related injury. Several victims arrived at hospitals by private vehicles, and police said at least some remain in critical but stable condition.

Authorities have not yet identified any suspects. However, officials emphasized the shooting appears to be an isolated incident with no ongoing threat to the public.

Detectives continue to investigate and are urging anyone with information to come forward.