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1031 Exchange Charlotte, North Carolina

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Charlotte due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Charlotte, North Carolina is a part of the Charlotte-Concord-Gastonia, NC-SC metropolitan area, and contains 73 zip codes, including: 28203, 28205, 28212, 28227, 28290, and 28234.

Charlotte Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Charlotte, NC metropolitan area was $1,117, which is 32.35% higher than 2014 average rent. This represents a compounded annual growth rate of 5.77%. 2019 vacancy in Charlotte, NC was 6.30%.

The total population of the city of Charlotte, NC has grown 19.29% since 2010. As of 2018, the population was 872,498. The median household income of the Charlotte was $60,886, which is 0.98% higher than the national average.

  • metropolitan area Charlotte-Concord-Gastonia, NC-SC
  • avg rent $1,117
  • rent growth 32.35%
  • vacancy 6.30%
  • median income $60,886
  • population (2018) 872,498
  • population growth 19.29%
  • vs. nat'l avg 0.98%
  • zip codes 28201 28202 28203 28204 28205 28206 28207 28208 28209 28210 28211 28212 28213 28214 28215 28216 28217 28218 28219 28220 28221 28222 28223 28224 28226 28227 28228 28229 28230 28231 28232 28233 28234 28235 28236 28237 28241 28242 28243 28244 28246 28247 28253 28254 28255 28256 28258 28260 28262 28263 28265 28266 28269 28270 28271 28272 28273 28274 28275 28277 28278 28280 28281 28282 28284 28285 28287 28288 28289 28290 28296 28297 28299

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