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Catherine Lane

New Report Says Charlotte Rent Is Falling Faster Than Most Cities In The United States

Author Catherine Lane
(Photo by Joe Raedle/Getty Images)

Have you noticed all the new apartment buildings popping up in the Queen City? Seems there is one on just about every corner. A new report says Charlotte rent is falling faster than in most cities in the United States. And that is great news for renters who previously have not been able to afford living in the city.

New Report Says Charlotte Rent Is Falling Faster Than Most Cities

A new report by realtor.com says, rent prices in Charlotte are among some of the fastest falling in America. Rent has reportedly dropped 5.2 percent in the Charlotte area from June 2023. According to our source the Charlotte Observer, Charlotte’s rents have dropped the 6th most of any major metro in the country. Austin, Texas showed the steepest drop in rent at 9.5%.

Realtor.Com Looked At Several Factors

The report looks at a variety of factors including the size and location of the apartments. For example is the apartment one or two bedrooms. It also looks at condos and rental homes. Rent in Charlotte is just 189$ more than it was in pre pandemic 2019. Still lower than other metro cities like Raleigh.

Why Is Charlotte Rent Decreasing

So why is Charlotte rent decreasing? You can look around and see that there are plenty of new apartment buildings popping up in North Carolina’s largest city. Realtor.com says, An increase in rental supply is one of the primary factors driving the city’s rent decline. And everyone can see there are plenty of apartments to choose from. And all those apartments need to be filled.

Charlotte rent
(Photo by Joe Raedle/Getty Images)
(Photo by Joe Raedle/Getty Images)

Even though Charlotte rent is decreasing, affordability is still an issue. This past June the Charlotte median rent was $1,527. In June 2019, it was $1,338. That is a $189 difference. And that is not terrible in a five year margin. The problem is salaries aren’t increasing enough for some .

A new report says Charlotte rent is falling faster than in most cities in the United States. To learn more about it go straight to the source at realtor.com.

Catherine Lane is the morning show co-host and midday host on Country 1037 in Charlotte, North Carolina. She has been with the station for the past 24 years and is a recipient of the Academy of Country Music Major Market Personality of the Year award. Catherine has been on air in both radio and television in the Queen City for 38 years. As a content creator for Country 1037, Catherine writes blogs on local events and restaurants. She also writes about great travel spots and out of the way places in the Carolinas. Anything outdoors, travel, food, animals or the many country artists from the Carolinas.

4 North Carolina Small Towns Named Most Adorable In The South

Are you looking for a fun, laid-back summer getaway? Perhaps just for a long weekend? Then look no further than right here in North Carolina. There is no shortage of adorable small towns in North Carolina (which we already knew!).

But we love seeing places in our state get recognized for how incredible they are. And Southern Living recently gave us just that. They released a list of “The 15 Most Adorable Small Towns For A Summer Getaway”. And of the the 15 small towns included 4 of them were right here in the great state of North Carolina.

While there are fantastic towns all across the state, 3 of the 4 highlighted in this article are in the mountains. Maybe not the first place you’d think to visit this time of year. But less crowded than the beach and who couldn’t use a break from the insanely hot temperatures we are currently experiencing?

So what makes a small town classified as “adorable”? According to Southern Living, it’s a few things. Here’s what they had to say:

“To be a truly adorable small town, several boxes must be checked. A walkable and charming main street or downtown are requirements. An old-fashioned ice cream parlor or candy shop is a nice touch. And finally, excellent community and friendly locals are a must.”

So keep reading to see which 4 adorable small towns in North Carolina Southern Living thinks you should visit this summer! I’ve also included one from South Carolina and Georgia close enough for a quick getaway as well.

Read the full article from Southern Living here.

The 4 Most Adorable Small Towns In North Carolina

  • Boone, NC

    Who doesn’t love this college town on the Blue Ridge Parkway? Boone is filled with everything adrenaline lovers could ask for combined with numerous opportunities to relax in a gorgeous setting. Plus it averages some of the coolest temperatures across the state. Yes please! Learn more about what to do in Boone and the surrounding area here.

  • Black Mountain, NC

    While I’ve never personally visited I’ve heard wonderful things about Black Mountain. The town is a short 25 minute drive from Asheville and is home to a lively downtown filled with much of what Southern Living classifies as adorable. This includes art galleries, shops, and quaint restaurants all at an elevation of 2,405 feet. Learn more about visiting Black Mountain here. 

  • Mt. Airy, NC

    You can’t have an “adorable small towns” list without featuring Mayberry or Mt. Airy as it’s officially known. And while there is plenty of “Mayberry” to see and do there is also a lot of Mt. Airy to love and explore. You’ll find the town in the upper part of the Yadkin Valley near the NC/Virginia state line. It’s a wonderful place to enjoy some local wine, listen to live bluegrass music, and simply slow down. Learn more about visiting Mt. Airy here.

  • Brevard, NC

    As you can see in the video above Brevard is known as “the Land of Waterfalls”. The area is home to 250 waterfalls on 100,000 acres of public lands made of the Pisgah National Forest, DuPont State Forest, Gorges State Park, and Headwaters State Forest. In addition to unbeatable natural beauty, there is also a thriving live music scene in the town as well as can’t-miss restaurants and breweries. Learn more about visiting Brevard here.

  • Beaufort, SC

    Beaufort is located on South Carolina’s Port Royal Island. The second oldest town in South Carolina is known for its incredible Antebellum mansions and architecture. Visitors love the live oaks covered in Spanish moss that line the Beaufort Historic District. This coastal town truly embodies the idea of “Southern Charm”. Learn more about visiting Beaufort here.

  • Ellijay, GA

    https://www.instagram.com/p/C7FubmhKiMF/

    Nestled in the mountains of North Georgia is the charming town of Ellijay known as the Apple Capital of Georgia. The town is home to Appalachian Mountain trails, the Cartecay River, and of course lots of apple farms. Dine at boutique local restaurants that are known for farm-to-table cuisine. Learn more about visiting Ellijay here.

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