Market Analysis

Charlotte, NC Multifamily Market

Cap rates, rent trends, and underwriting benchmarks for Charlotte apartment investors.

5.5%
Avg Cap Rate
4.8% – 6.5%
Cap Rate Range
1.32x
Avg DSCR
$185,000
Price / Unit
$1,400
Avg Rent / Unit
6.8%
Vacancy Rate
+3.0%
YoY Rent Growth
920,000
Population

Market Trend

Charlotte benefits from financial sector employment and strong population growth. The South End and University City submarkets lead in new development. Landlord-friendly state regulations support investor confidence.

Lender Notes

Regional banks compete aggressively for multifamily loans. 1.20x DSCR standard. Bridge-to-perm programs available for repositioning plays.

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