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Fencing separates the Tapestry University City development from the homes in Rocky River Village in the University City area of Charlotte, on Thursday, July 8, 2021. Tapestry University City is a luxury apartment community. JEFF SINER JSINER@CHARLOTTEOBSERVER.COM

Is your rent going up in Charlotte? You’re not alone, data show

Lauren Lindstrom, The Charlotte Observer

 

If your apartment search in Charlotte seems a lot more expensive than a year ago, you’re not alone.

After a brief reprieve in 2020, when some landlords held off on raising rents, increases are roaring back across the Charlotte metro area, according to data from real estate research firm CoStar.

Rents across the metro area are up 16.7% year-over-year from last September, with an average rent $1,430 per month, according to CoStar data. The data show what many renters are paying in the 10-county region that makes up the Charlotte metro area.

Renters are seeing a significant departure from annual rent growth for the area in recent years, which has been around 5%.

Read more at The Charlotte Observer

The Charlotte Journalism Collaborative is supported by the Local Media Project, an initiative launched by the Solutions Journalism Network with support from the Knight Foundation to strengthen and reinvigorate local media ecosystems.

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About The Project

Solutions Journalism Network launched the Charlotte Journalism Collaborative in 2019, a partnership of six major media companies and other local institutions focusing on issues of major importance to the Charlotte region. The collaborative is supported by $150,000 from the John S. and James L. Knight Foundation, as part of its $300 million commitment to rebuild the future of local journalism, essential to a functioning democracy.

The Charlotte Journalism Collaborative (CJC) is modeled on the Solutions Journalism Network method of investigating and reporting news with a primary focus on solutions to community problems. “At a time when local journalism jobs are disappearing and trust in media has hit an all-time low, the Solutions Journalism Network has taken on the challenge by organizing collaborative journalism reporting projects that promote excellent reporting and civic dialogue. the model has the potential to be part of a new wave of great local reporting, which is vital to building strong communities,” said Karen Rundlet, Knight Foundation director for journalism.

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