Charlotte, NC

Population: 792,862
Average annual home appreciation rate: 3.86%
Total of homes for sale in this market: 1,771
Median home price: $188,033
Median Rent: $1,013 per room
Home price range: 42.51% of homes are between $110,001 – $221,000
Median sales price: $117,500
Number of homes: 2,327
Median foreclosure sales price: $96,613
Foreclosure discount: 18%
Most common home type: 56.91% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.33%
Number of renters: 44.61%
Number of owner occupied: 55.39%
Number people living below poverty level: 17.07%
Unemployment rate: 4.70%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Charlotte area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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