The first ever Zumper Charlotte Metro Report analyzed active listings in November across 7 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The North Carolina state median rent was $825 last month.
Cities Ranked By Rent
The Most Expensive Cities
–Charlotte, NC rent grew $60 to $1,170 and remained the most expensive in the metro.
–Cornelius, NC ranked as second with one bedrooms priced at $990.
–Matthews, NC was third with rent at $950.
The Least Expensive Cities
–Gastonia, NC rent fell $20 to $600 and continued to rank as the most affordable.
–Concord, NC was second with rent at $770.
–Mooresville, NC rent dropped $10 and ranked as the third least expensive.
Growth Rate
The Fastest Growing Cities (Y/Y%)
–Concord, NC had the fastest growing rent since this time last year, climbing 13.2%.
–Matthews, NC prices jumped 8%, making that the second largest yearly growth rate.
The Fastest Growing Cities (M/M%)
–Charlotte, NC saw rent grow 5.4% last month, making it the fastest growing.
–Cornelius, NC ranked as second with prices climbing 5.3%.
Full Data
1 Bedroom 2 Bedrooms
Pos. City Price M/M % Y/Y % Price M/M % Y/Y %
1 Charlotte $1,170 5.40% 5.40% $1,250 1.60% 4.20%
2 Cornelius $990 5.30% -2.90% $1,180 1.70% -1.70%
3 Matthews $950 -5.00% 8.00% $1,090 -5.20% 0.90%
4 Huntersville $930 1.10% 3.30% $1,150 2.70% 15.00%
5 Mooresville $840 1.20% -8.70% $990 -2.90% -6.60%
6 Concord $770 0.00% 13.20% $810 0.00% 15.70%
7 Gastonia $600 -3.20% -7.70% $750 5.60% 10.30%
About
The Zumper Charlotte Metro Report analyzed active listings that hit the market in November 2017. Listings are aggregated by city to calculate median asking rents.
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