Charlotte Investment Property for Sale - 2024 Rental Home Appreciation

State: North Carolina


Charlotte, North Carolina, located in Mecklenburg County, is full of old-fashioned southern charm and bustling city energy. As a result, Charlotte has consistently topped national ranking lists for the best places to live in recent years.

The Crown Jewel of the South offers the mountains, the beach, and an intriguing array of investment opportunities. Offering the 4th-biggest lot sizes in the US at 8,500 square feet on average, the Charlotte real estate market has been booming for years and shows no signs of slowing down anytime soon. Experts predict rising home values in the Charlotte area, which is excellent news for homeowners shopping for new homes and real estate investors looking for investment properties.

Charlotte's Attractive Housing Market

The real estate market in Charlotte is thriving thanks to the area's above-average public schools, manageable housing prices, and a below-average cost of living. For these reasons, young professionals and their growing families are flocking to Charlotte. A few of Charlotte's most attractive areas include:

  • Lake Norman: Just 20 minutes from Charlotte, Lake Norman is North Carolina's largest man-made lake. It offers plenty of outdoor activities, like boating, fishing, biking, and hiking. The nearby historic area offers boutique shops, galleries, and restaurants, with Lake Norman as the beautiful backdrop.
  • Plaza Midwood: An attractive area in Charlotte and one of the best places to buy investment properties. This vibrant area is full of shopping, bars, restaurants, and charming pedestrian-only streets.
  • NoDa: Short for North Davidson, NoDa brings an eclectic culture to Charlotte. The art district is home to several galleries, restaurants, breweries, and bars. In recent years, NoDa has been a popular spot to live.
  • Fort Mill: A small town near Charlotte, Fort Mill has nature areas, shops, and dining. The area has a highly ranked public school district, one of the best in South Carolina, making it a perfect location for families.

Other notable areas worth checking out in Charlotte include:

Mooresville - beautiful Northern suburb with easy access to Lake Norman Concord - home to NASCAR racing Ballantyne - an affluent neighborhood just north of the South Carolina border Gastonia - the third largest Charlotte suburb behind Concord and Rock Hill

Rental Home Appreciation in Charlotte

Historically, Charlotte has been home to some of the country's best long-term real estate investments. The city has consistently ranked in the top 10% of the nation for real estate appreciation. Even through 2021, the single-family and multifamily markets continued to remain positive, driving the demand for renovations and property management in and around Charlotte while other areas of the country struggled.

As the shortage of viable housing persists, the value of Charlotte homes is expected to continue to rise for the foreseeable future. In addition, the recent rise in single-family home prices has pressed more residents toward becoming renters than ever before. As a result, the demand for rental property has increased substantially, making the Charlotte area a hot spot for real estate investors.

Economic Growth in Charlotte

Charlotte is positioned to be the third fastest-growing major U.S. city. If its population growth continues as expected, Charlotte's population could go from 1.87 million to about 2.74 million in twenty years.

Experts rank Charlotte as one of the best cities in the nation for job and wage growth and one of the best locations to start a career after college based on job and quality-of-life opportunities. Professionals and families can easily navigate to and from work, home, and entertainment with light rail service from Uptown Charlotte to the Pineville area. It's home to the University of North Carolina Charlotte (UNC) and the highly competitive Davidson College. Charlotte also offers countless career opportunities, with Bank of America, Lowe's, Wells Fargo, and more all headquartered in Charlotte.

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