Renoviso compared Capitalization rate (CAP), job growth ranking, population growth percent and single-family home price to determine the best possible markets for investors in 2018. Charlotte ranked fourth on this list.
The study sites recent growth in the city for making it an attractive place to investment in real estate. The CAP rate in Charlotte currently sits at 6.8 average. Rapid population growth and plentiful job opportunities contribute to this high CAP rate.
The study also sites that the average single family home rate comes in at an affordable $234,400, making the Queen City a profitable place to invest.
Raleigh, NC joins Charlotte, NC on this list in the number two spot, making North Carolina one of only three states with two top ten cities for investing.
Looking to invest in real estate in Charlotte? Contact the Dickens Mitchener relocation department.
Read the full Renoviso article here.