Rent to own Homes in Charlotte, NC
In the early 1800s, Charlotte, North Carolina, became a bustling town and is recorded as one of the first "gold-rush cities" in the United States. More than 200 years later, the city has once again exploded, though this time through a more modern kind of gold rush â the banking industry. It is now considered the second largest financial district in the U.S., second only to Manhattan, New York. The home of the Charlotte Hornets and Carolina Panthers hosts the headquarters of Fortune 500 companies such as Bank of America and Lowe's. It has a booming economy with 27,300 new jobs, an increase of 2.3%, between 2018 and 2019. The Charlotte metro area had an unemployment rate of 3.1% in 2019, which was lower than the U.S. average of 3.6%.
This nearly 300-square-mile city has approximately 904,000 residents and is now the 15th largest municipality in the United States. Over the past 10 years, Charlotte had a population increase of more than 170,000. People are coming to live in this city in droves, and so can you. Read on to learn more and find a Charlotte rent to own home meant for you.
Charlotte, NC is a great place for affordable rent-to-own homes! With a median household income of over $65,359 and a median rent of $1,185, the Charlotte, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Charlotte, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Charlotte, NC Property Resources
Rent to own Homes in Cities Near Charlotte, NC
- Alexis
- Baxter Village
- Belmont
- Charlotte
- China Grove
- Concord
- Cornelius
- Cramerton
- Davidson
- Denver
- Enochville
- Fairview
- Fort Mill
- Harrisburg
- Hemby Bridge
- Huntersville
- Indian Trail
- Kannapolis
- Lake Norman of Catawba
- Lake Norman Of Iredell
- Lake Park
- Lake Wylie
- Landis
- Locust
- Lowell
- Lowesville
- Marvin
- Matthews
- McAdenville
- Mc Adenville
- Midland
- Mint Hill
- Monroe
- Mooresville
- Mount Holly
- Mount Pleasant
- Mount Ulla
- Oakboro
- Pineville
- Red Cross
- Salisbury
- Sherrills Ford
- Stallings
- Stanfield
- Stanley
- Terrell
- Unionville
- Weddington
- Wesley Chapel
- Westport
Neighborhoods in Charlotte, NC
Ballantyne East rent to own homes Providence Crossing rent to own homes Ballantyne West rent to own homes Becton Park rent to own homes Windsor Park rent to own homes Back Creek Church Road rent to own homes Marshbrooke rent to own homes Hickory Ridge rent to own homes Prosperity Church Road rent to own homes Olde Providence North rent to own homesBuying a Home in Charlotte, NC
Charlotte, NC is seeing rapid growth and Charlotte, NC's' housing market remains not optimal with an average home price that is 8% above the 2025 national average. Charlotte, NC is part of Mecklenburg county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2025 for county Mecklenburg is 1.05% which is above the national average, which is 0.99%.
Median Home Price in Charlotte, NC
Median Rent in Charlotte, NC
Average Cost of Living in Charlotte
Despite everything Charlotte has to offer, it's not an expensive place to live. The overall cost of living is a little more than 1% below the national average. Health costs are at the national average, but everything else, from groceries to transportation expenses, is between 0.8% and 2.3% lower than the rest of the country. These numbers are not so common in larger countries across the U.S.
Average Home Prices in Charlotte
Typically, popular metropolitan areas command high housing prices, but that's not the case in Charlotte. The median home cost in the city is $228,800, which is slightly more than 22% above the average for North Carolina, but 1% lower than the average in the United States. These prices are very affordable, considering the city's economy and popularity, and rent-to-own homes are a great way to quickly and easily become homeowners in this bustling city.
Charlotte Statistics
If you're interested in Charlotte rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Charlotte statistics compared to the U.S. national average.
| Charlotte Averages | National Averages | |
|---|---|---|
| One-Way Commute | 25.3 minutes | 26.4 minutes |
| Violent Crime | 34.3 | 22.7 |
| Property Crime | 53.6 | 35.4 |
| Unemployment Rate | 4.2% | 3.9% |
| Income Tax Rate | 5.5% | 4.6% |
| Air Quality | 43 | 58 |
| Water Quality | 60 | 55 |
| Median Household Income | $53,274 | $53,482 |
| Median Property Taxes | $2,600 | $2,200 |
| Utilities | $170/month | $112/month |
| Monthly Rent | $970 | $1,470 |
| Median Home Cost | $228,800 | $231,200 |
| Median Home Age | 25 years | 40 years |
Popular Amenities and Attractions in Charlotte
Charlotte is proud of its tourism industry. More than 29 million people visited the city in 2018. These tourists spent nearly $7.5 billion throughout the year. Charlotte Douglas International Airport makes it easy to travel to and from the city, and Charlotte has an impressive transportation network for getting around town. Residents and visitors can take advantage of the city's light rail, trolley, and bus systems, which run frequent, convenient routes. You can also use private cabs or rideshare services such as Uber and Lyft. If you prefer to go green, you can take advantage of the city's bike-share program, which has stations throughout Charlotte.
There are many entertainment and recreational opportunities in the city. Carowinds, North Carolina's world-class, 400-acre amusement park, is located in Charlotte. In addition to its many rides and rollercoasters, the park hosts a slew of events, night activities, and festivals. There's also a 27-acre water park, Carolina Harbor, on the site.
The U.S. National Whitewater Center in Charlotte offers year-round outdoor activities and educational instruction for people of all ages. The 1,300-acre woodland preserve has the world's largest man-made whitewater river, where you can go rafting, and a lake for kayaking and stand-up paddleboarding. There are more than 50 miles of hiking, biking, and walking trails throughout the park. Other activities include mountain climbing, ziplines, controlled jumps from 30 to 100 feet high, ice skating during the winter months, and rope courses. There are also many organized events, such as races, music concerts, and educational certification programs. You can spend several days at the center without running out of things to do.
The city also has many options for indoor or hybrid experiences. The NASCAR Hall of Fame is a 400,000-square-foot facility where you can walk through the hall to view the inductees, use their simulations to "drive" a race car, and follow the everyday life of race teams. The Discovery Place Science Museum, in addition to its many exhibits, has programs, shows, and classes throughout the day, and an IMAX theater with several daily features. If you're into art, you can visit the Mint Museum Randolph, an art museum located at the site of the original branch of the U.S. Mint.
With so much to do, such a vibrant, up-and-coming economy, and an affordable cost of living in the city, Charlotte will continue to grow for the foreseeable future. There are options for urban and suburban living, and there's a wide variety of folks from different backgrounds in the city. If you're looking to relocate, you should consider Charlotte as a viable rent to own home option.
