Have you been looking into the rent prices in the area lately? If you are like me and still living in an apartment, then you know what these apartment prices are looking like nowadays. It seems the prices for apartments are seeing a continuous increase as more and more people move to an area. But, did you know that Charlotte actually has a median rent lower than the national average?
THE DATA
According to a new report done by Stessa, Charlotte’s median rent price is an estimated $1,306 while the national median is $1,435. The Charlotte Metro area is #36 out of 55 for large metro cities with high rent. The average cost for apartments is as followed, according to Stessa:
- Studio – $1,010
- 1 Bedroom – $1,028
- 2 Bedroom – $1,183
- 3 Bedroom – $1,536
- 4 Bedroom – $1,952
Of course, there are some areas of Charlotte that are priced much different for their luxury-style apartments, but this is just the average. Prices began to skyrocket in the second half of 2020 and have barely slowed down since. Rent prices saw another increase and the median rent went from $1,601 in 2021 to $1,856 at the beginning of 2022, according to Zillow.
In some locations, the increase in rent can cause more damage to renters as prices become unbearable. Coastal areas and large cities such as New York and California already have unaffordable housing and the increase makes that no different. Stessa reports larger cities such as those have seen the median cost for even studio apartments reach the lower $2,000s a month.
Stessa used data from the U.S. Department of Housing and Urban Development’s 50th Percentile Rent Estimate 2022 and the U.S. Census Bureau’s American Community Survey from 2019. Only areas with at least 100,000 residence were considered in the data. For more information on the report and findings, click here.
15 of the Most Expensive Homes On the Market In North Carolina
15. 2104 Woodhaven Rd. Charlotte, NC - $6,500,000
Enter into this newly renovated, timeless piece of European architecture located on the Myers Park Country Club’s golf course. Styled in a combination of Italian Tuscan joined with the beauty of the Biltmore Estate, this smart home has all the features of luxurious living designed for entertaining at its finest.
- 6 bed
- 6.5 bath
- 10,554 sq. ft
- 1.39-acre lot
- 4 car garage
- Amenities: Gourmet kitchen, pool, game room, media room, full spa, and bar area
2104 Woodhaven Rd, Charlotte, NC 28211 | realtor.com®
Contact agent for a private showing. Request a private showing Newly Renovated. Enter into a timeless piece of European architecture located on the Myers Park Country Club's golf course. Styled in a combination of Italian Tuscan joined with the beauty of the Biltmore Estate, this smart home has all the features of luxurious living designed for entertaining at its finest.
14. 9 Brooklawn Chase Asheville, NC - $6,750,000
Timeless Gothic French Chateau designed by Robert Griffin is hallmarked by the singular beauty and uncompromising standards. Grounded in elegance, enticing the eye with textures, and color to give an informal country estate feel on acreage and private gate.
- 5 bed
- 4.5+ bath
- 10,791 sq. ft. lot
- 3.93 acre lot
- 4 car garage
- Amenities: Gourmet kitchen, library, 3 levels of living, fireplace, and home office
9 Brooklawn Chase, Asheville, NC 28803 | realtor.com®
Contact agent for a private showing. Request a private showing Timeless Gothic French Chateau designed by Robert Griffin hallmarked by singular beauty and uncompromising standards. Grounded in elegance, enticing the eye with textures, and color to give an informal country estate feel on acreage and private gate.
13. 395 Roll Cast Ln. Sapphire, NC - $6,995,000
This newly constructed, sleek mountain estate in the valley! With a modern twist on Southern Appalachian style you will never get tired of calling this private oasis home.
- 6 bed
- 4.5+ bath
- 3.67 acre lot
- 2 car garage
- Amenties: Floor to ceiling windows, fireplace, gourmet kitchen, BBQ kitchen, custom wine bar, and golf cart garage
395 Roll Cast Ln, Sapphire, NC 28717 | realtor.com®
View detailed information about property 395 Roll Cast Ln, Sapphire, NC 28717 including listing details, property photos, school and neighborhood data, and much more.
12. 1453 Mountain Springs Rd. Linville, NC - $6,999,000
“The Lodge at Grandfather Falls”, this luxury compound offers complete privacy and an escape as it is surrounded by Nature Conservancy on 3 sides. Tucked away on a gated drive on Grandfather Mountain, you will feel at peace.
- 4 bed
- 8.5 bath
- 12,211 sq. ft.
- 27 acre lot
- Amenities: Garage/workshop with studio apartment, smart home, heated floors, 60′ lap pool, home theater, and private master wing
1453 Mountain Springs Rd, Linville, NC 28646 | realtor.com®
See photos and price history of this 4 bed, 8 bath, 13,185 Sq. Ft. recently sold home located at 1453 Mountain Springs Rd, Linville, NC 28646 that was sold on 03/30/2022 for $6316667.
11. 2018 Spring Forest Rd. Sapphire, NC - $7,000,000
This classic, designer home filled with antiques from all around the world will leave you speechless. Tucked away in landscape, you will become one with nature around you.
- 4 bed
- 5.5 bath
- 7.42 acre lot
- 2 car garage
- Amenities: Bonus room, wolf & sub-zero appliances, and ultimate primary bedroom suite
2018 Spring Forest Rd, Sapphire, NC 28774 | realtor.com®
View detailed information about property 2018 Spring Forest Rd, Sapphire, NC 28774 including listing details, property photos, school and neighborhood data, and much more.
10. 7422 Sea Lilly Ln. Wilmington, NC - $7,995,000
A private, spacious oasis tucked away in this gated community in Wilmington! From tropical plants to water views, you will feel like you live in the ultimate paradise.
- 6 bed
- 7.5 bath
- 8,735 sq. ft.
- 8.96 acre lot
- 6 car garage
- Amenities: Guest house, pool house, pool, three kitchens, waterway views from every room, wine cellar, sauna, and a full gym
7422 Sea Lilly Ln, Wilmington, NC 28409 | realtor.com®
Contact agent for a private showing. Request a private showing Welcome to Sea Lilly Lane! Imagine a private, spacious oasis nestled within a gated private community with over 1000 palm trees on a drive of cobblestone pavers to enter a scenic and breathtaking luxury estate with glorious views of the intracoastal waterway.
9. 794 Hunt Club Dr. Corolla, NC - $8,500,000
Coastline Jewel is your ultimate dream vacation home! From the water views to luxury features, this jewel is no diamond in the rough.
- 6 bed
- 6.5 bath
- 6,740 sq. ft.
- 0.9 acre lot
- Amenities: 400 bottle wine cellar, stone fireplace, deluxe kitchen, heated pool, slide, waterfall, grotto, swim up bar, 12 person hot tub, and game room
794 Hunt Club Dr, Corolla, NC 27927 | realtor.com®
Coastline jewel features a stone fireplace, spiral oak staircase and cooled mahogany 400 bottle wine cellar. Deluxe kitchen features crisp cabinetry and cathedral ceiling. Primary suite with gas fireplace, picturesque views, luxurious soaking tub and enormous glass shower. Bedrooms feature exclusive themes, custom bathrooms and enchanting views.
8. 405 Ramble Way, Asheville, NC - $8,725,000
This serene, gated estate is your chance to live in luxury in Asheville. With high end features and privacy, the home will become your ultimate escape from reality.
- 6 bed
- 7.5 bath
- 12,880 sq. ft.
- 2.13 acre lot
- 8 car garage
- Amenities: Stone fireplaces, heated/cooled garage, floor to ceiling windows, and outdoor deck
405 Ramble Way, Asheville, NC 28803 | realtor.com®
Choose your preferred day Contact agent for a private showing. Request a private showing Inspired by the best traditions of fine architecture and design, 405 Ramble Way is a serene, 17, 000-square-foot, gated estate with expansive and meticulously landscaped outdoor gardens within the Ramble Biltmore Forest.
7. 2029 Giovanni Ct. Cary, NC - $9,000,000
Enjoy nearly 13,000 square ft. of custom luxury with this modern estate in one of Cary’s most exclusive areas.
- 6 bed
- 6.5 bath
- 12,846 sq. ft.
- 0.93 acre lot
- 4 car garage
- Amenities: Smart home, 2 kitchens, entertainment and exercise facility, verandas, saltwater pool, spa, and custom closet designs
2029 Giovanni Ct, Cary, NC 27518 | realtor.com®
Contact agent for a private showing. Request a private showing Nearly 13, 000 SF of custom luxury in Cary's exclusive Renaissance @ Regency Estates. Created by a dream team of esteemed architect, builder, interior designer & craftspeople. Undoubtedly one of NC's finest homes. Classic design & impeccable attention to detail.
6. 7 Stuyvesant Rd. Asheville, NC - $9,750,00
This golf course estate with stunning views has been named one of the most significant Biltmore Forest homes.
- 10 bed
- 7.5 bath
- 13,675 sq. ft.
- 4.44 acre lot
- 4 car garage
- Amenities: Two story great room, terrace views, sunroom, dual offices, media room, billiards room, exercise room, pool, carriage house, staff quarters, and water features
7 Stuyvesant Rd, Asheville, NC 28803 | realtor.com®
Choose your preferred day Contact agent for a private showing. Request a private showing Exceptional 4.4 acre golf course estate with distant Pisgah range views. A long serpentine drive past the historic stables, green house, resort style pool, and carriage house delivers you to one of the first, finest, most significant Biltmore Forest homes.
5. 29 Hemlock Rd, Asheville, NC - $9,750,000
Another timeless estate in the Biltmore Forest neighborhood has made the list. This newly constructed state of the art home will allow you to have your own private sector of the community.
- 5 bed
- 5.5 bath
- 10,065 sq. ft.
- 1.54 acre lot
- Amenities: Custom brick, hand-painted tiles, bunk room, elevators, guest quarters, and heating/cooling floors
29 Hemlock Rd, Asheville, NC 28803 | realtor.com®
Contact agent for a private showing. Request a private showing Located in the time-honored Biltmore Forest neighborhood, this stunning, new state-of-the-art home has left no detail overlooked. Nestled on just over 1.5 acres in a private section of the community, this property borders Biltmore Estate's equestrian trails and the Blue Ridge Parkway.
4. Fairview, NC - $10,500,00
One of the finest residences in the region of Western North Carolina. Discretely tucked away to give you the luxury feel of your private oasis within the mountains.
- 7 bed
- 7.5 bath
- 12,040 sq. ft.
- 26.73 acre lot
- Amenities: Steel and wood features, open floor plan, elevator, Parisian-inspired bar, lounging theater room, infinity pool, spa, and fire pit
Fairview, NC 28730 | realtor.com®
Choose your preferred day Contact agent for a private showing. Request a private showing Without question, one of the finest residences in the region of Western North Carolina. Discretely sited with coveted mountain views, this grand manor has been meticulously curated, with a nod to the expressions of the flair of various spots around the world.
3. 101 Station One Ln. Corolla, NC - $11,000,000
The Outer Banks premium luxury oceanfront estate could be your ultimate dream staycation! Enjoy this remarkable, luxury beachfront home that has all you and your family would need.
- 9 bed
- 10.5 bath
- 10,967 sq. ft.
- Amenities: Panoramic water views, 3 floors, gourmet kitchen, home theater, gas fireplace, sauna, recreation room, and an elevator
101 Station One Ln, Corolla, NC 27927 | realtor.com®
Contact agent for a private showing. Request a private showing A WELCOME RESPITE - The OUTER BANKS PREMIER LUXURY OCEANFRONT ESTATE!
2. 1 Auditorium Cir. Wrightsville Beach, NC - $13,900,000
This NC highly crafted, waterfront resort could be the ultimate dream home with that price stamp! Architecturally designed to give a seamless, luxury feels to anyone who enters.
- 4 bed
- 4.5 bath
- 8,622 sq. ft.
- 0.24 acre lot
- 4 car garage
- Amenities: Polished concrete floors throughout, floor to ceiling glass, aquatic center, deep water marina, boat house, and boat lift.
1 Auditorium Cir, Wrightsville Beach, NC 28480 | realtor.com®
Contact agent for a private showing. Request a private showing 1 Auditorium Circle, a highly crafted waterfront resort residence spectacular in every aspect with construction quality & detail unsurpassed on the coast of North Carolina. Architecturally exposed structural steel, cast-in-place concrete, Fleetwood fenestration, and pre-stressed concrete are seamlessly integrated with the most exquisite fixtures & finishes.
1. 224 Westglow Cir. Blowing Rock, NC - $14,000,000
THE MOST EXPENSIVE REAL ESTATE IN NC! Coming in at #1 is this massive property that was once a resort and spa. Yes, you read that right. Someone can now purchase this property and own what was once considered a resort that ranked top in the world. Take what was once the home of famed artist Elliott Daingerfield and call it yours!
- 18 bed
- 15.5+ bath
- 29,000 sq. ft.
- 18.28 acre lot
- Built in 1917
- Amenities: Full service salon, an underdeveloped acreage, restaurant, full commercial kitchen, renovated 4 bedroom guest house, a triplex, 2 staff cottages, and a full spa. The spa includes an indoor pool, multiple Jacuzzis, steam and sauna rooms, exercise facilities, massage rooms, and relaxation lounge.
224 Westglow Cir, Blowing Rock, NC 28605 | realtor.com®
A rare, once in a lifetime opportunity to own an internationally acclaimed resort & spa! Westglow Resort & Spa is a former Relais & Chateaux property that has consistently ranked among the top ten resorts and spas in the world, including #1 in Travel+Leisure magazine in 2017 and #9 in Conde Nast in 2020.