Charlotte Metro Report: August 2018

The Zumper Charlotte Metro Report analyzed active listings in July across 7 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The North Carolina median one bedroom rent was $904 last month.

Cities Ranked By Rent

The Most Expensive

–Charlotte, NC rent fell $60 to $1,180 but continued to rank as the most expensive city.

–Huntersville, NC, though remaining the second priciest city, saw rent climb $20 to $1,070 last month.

–Cornelius, NC held onto its position as third with one bedrooms priced at $990.

The Least Expensive

–Gastonia, NC rent dropped $40 to $680, remaining the most affordable in the metro.

–Concord, NC was second with rent at $910.

–Mooresville, NC saw rent climb $40 to $970 but stayed as third.

Growth Rate

The Fastest Growing (Y/Y%)

–Mooresville, NC had the largest year over year rental growth rate, up 14.1%.

–Gastonia, NC was second with rent climbing 13.3%.

The Fastest Growing (M/M%)

–Concord, NC had the fastest growing rent last month, increasing 4.6%.

–Mooresville, NC rent also had a large monthly growth rate as well, jumping 4.3%.

Full Data

		1 Bedroom			2 Bedrooms
Pos.	City	Price	M/M %	Y/Y %	Price	M/M %	Y/Y %
1	Charlotte	$1,180	-4.80%	3.50%	$1,290	-5.10%	4.90%
2	Huntersville	$1,070	1.90%	7.00%	$1,360	-0.70%	4.60%
3	Cornelius	$990	0.00%	4.20%	$1,250	-3.10%	4.20%
4	Davidson	$980	1.00%	-4.90%	$1,370	0.70%	9.60%
5	Mooresville	$970	4.30%	14.10%	$1,110	-5.90%	15.60%
6	Concord	$910	4.60%	3.40%	$960	-2.00%	14.30%
7	Gastonia	$680	-5.60%	13.30%	$750	-1.30%	2.70%

About

The Zumper Charlotte Metro Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.

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