CHARLOTTE, N.C. — Driven in part by a booming economy and surging population, the Queen City is currently outpacing most other major cities in terms of rental-market growth, according to the recently released Yardi Matrix Multifamily National Report. That monthly analysis found rental rates in Charlotte were up 3.4% in April from a year earlier, ranking the city among the top 10 nationwide by that measure.
[ [ALSO READ: The 10 Charlotte apartment communities where rent costs the most] ]
But for 2019 to date, the growth rates of rents in the state’s two largest cities are leading the nation.
Read more top trending stories on wsoctv.com:
“North Carolina metros Raleigh and Charlotte emerged as the fastest-growing rental markets in recent months, with both up 0.5%,” the report states. It listed a strong business climate, temperate weather and attractive employment opportunities as factors that “have bolstered housing demand in the Tar Heel State.” Raleigh’s rental rates were up 3.7% in April from the same time last year.
Read more here.