With almost 900,000 residents, Charlotte is Carolina’s largest city. Its combined metropolitan area encompasses nearly 3 million people, and its warm weather and affordability have been drawing in new residents from colder, more expensive parts of the country. In 2022 the metro saw a 3.4% increase in population from the previous year.

Timely eviction proceedings and strong lease-enforcement laws in Carolina contribute to a landlord-friendly climate, especially when considering median property taxes in the state are less than 0.8%.

Population growth has put upward pressure on prices, but also on rents—the city saw almost 7% rent price increases during 2022.