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Charlotte, NC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,768
Monthly Cash Flow
-$325
Principal + Equity
$3,045
Annual Total Gain
$32,642
Cash on Cash
-3.94%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$190
Occupancy Rate
58.62%
Monthly Revenue
$2,597
Monthly Cash Flow
$115
Principal + Equity
$3,045
Annual Total Gain
$37,919
Cash on Cash %
1.4%
Net ROI %
Market Health & Growth
Median Income
$78,438
Population
886,283
LTR Renter %
48.48%
Forecast (1 yr)
2.06%
Appreciation (1 yr)
-1.53%
Appreciation (5 yr)
47.85%
Appreciation (10 yr)
122.3%
Job Growth
2.08%
LTR Rentability
Very High
STR Demand
45
STR Rentals
4,234
Top Public Schools
AArdrey Kell High School
ACatawba Ridge High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#44out of 229 markets
Most Diverse Cities in America
#23out of 229 markets
Best Cities for Young Professionals in America
#46out of 229 markets
B
Public School
D
Crime And Safety
C
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Charlotte, NC.
In Charlotte, NC, Short Term Rentals (STRs) are regulated by the city's zoning ordinances and the Charlotte-Mecklenburg Planning Department. Here are some key regulations that an investor should be aware of before purchasing a property for STR purposes:
1. Zoning Restrictions: The city of Charlotte has specific zoning regulations that dictate where STRs are allowed to operate. Investors should check the zoning of the property they are interested in to ensure that it is in a zone that permits short term rentals.
2. Permitting and Licensing: In Charlotte, STR operators are required to obtain a permit from the city before they can legally operate. This permit must be renewed annually and there are fees associated with the application process.
3. Occupancy Limits: Charlotte has occupancy limits for STRs, which vary depending on the zoning of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Noise and Nuisance Regulations: STR operators in Charlotte are required to comply with noise and nuisance regulations to ensure that their guests do not disturb neighbors. Failure to comply with these regulations can result in fines or the revocation of the STR permit.
5. Taxes: STR operators in Charlotte are required to collect and remit occupancy taxes to the city. Investors should be aware of these tax obligations and factor them into their financial projections.
6. HOA Restrictions: If the property is located in a homeowners association (HOA), investors should also check the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a Short Term Rental in Charlotte before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, or the inability to operate the STR.
Market Trends Over Time
Explore 25 years of market data for Charlotte, NC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Charlotte, NC.
The LTR Genie Score of Charlotte, NC is 86 and STR Genie Score is 73, indicating very high and high ratings respectively. The high LTR Genie Score can be attributed to the strong LTR Rentability and LTR Net ROI of 33.01%, showcasing the potential for long-term rental investment in the area. On the other hand, the STR Genie Score is slightly lower due to the lower STR Net ROI and occupancy rate.
Charlotte, NC is a rapidly growing city with a strong job market, making it an attractive location for real estate investors. The 1-year price appreciation forecast of 2.06% indicates potential for property value growth in the near future.
Based on the metrics provided, Charlotte, NC seems to be a more attractive market for long-term rental investment due to the high LTR Genie Score and strong indicators for long-term rental profitability. However, investors may also consider diversifying their portfolio by exploring short-term rental opportunities in the area, especially if they are willing to put in the effort to maximize occupancy and revenue. Ultimately, Charlotte, NC presents a promising opportunity for real estate investors looking to capitalize on the city's growth and potential for returns.