Best Neighborhoods to Invest in Charlotte Rental Real Estate

If you are looking to invest in the Charlotte rentals, you should know the best places to invest in. The three most important factors when buying a real estate anywhere are location, location, and location. Location creates desirability. Desirability brings demand. Demand would raise the price of your Charlotte rental real estate and you should be able flip it for a lump sum profit.

When looking to invest in Charlotte real estate, you need to find places where the expected property appreciation forecast is positive. The running costs for owning and managing an Charlotte investment property should be low. The neighborhoods in Charlotte must be safe to live in and should have a low crime rate.

The neighborhoods should be close to basic amenities, public services and shopping malls. There should be a natural and upcoming high demand for rental properties and a low supply of income properties. There are 126 elementary schools, 61 middle schools, 46 high schools and 59 private & charter schools in Charlotte.

There are 161 neighborhoods in Charlotte. Some of the best neighborhoods in or around Charlotte, North Carolina are Ballantyne West, Highland Creek, Provincetowne, Myers Park, Beverly Woods, Cherry, Eastover, Barclay Downs, Elizabeth, Dilworth, Foxcroft, NoDa, Madison Park, Cotswold, Greenville, Sedgefield, South End, and Belmont.

Myers Park has a median listing price of $1.1M, making it the most expensive neighborhood. Newell is the most affordable neighborhood in Charlotte, with a median listing price of $215.5K.

Appreciation rates for homes in Charlotte have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 21.28%, which ranks in the top 30% nationwide.