16. Charlotte, NC

16. Charlotte, NC

Price-to-rent ratio: 12.34Difference from national average: +3%Price-to-rent ratio 5-year change: +23%Median home listing price: $294,300Approximate monthly mortgage payment: $1,180Median rent (2-bedroom): $1,400

Charlotte’s price-to-rent ratio of 12.34 has closely followed the national average over the past five years and is currently standing at +3%. Compared to the national average, Charlotte’s housing market does not have a marked preference for renters or buyers, but its price-to-rent ratio is in the buyer-friendly range. Charlotte’s reputation as a hub for arts, culture, and professional sports appeals to city-dwellers of all ages.

Source Article