How COVID Impacted NC Rent Rates

The U.S. median monthly rents have returned to pre-pandemic projections.
Here is a look at major NC markets. Data collected by Apartment List

Dips and Spikes

The Charlotte Market, like the National average saw a COVID dip and and a 2021 spike.

Charlotte Market

Average of US Market

Uninterrupted Growth

The Greensboro Rental Market experienced no COVID dip, but in fact, continued to have rapid rental growth throughout the Pandemic and Quarantine. Winston-Salem has similar growth.

Greensboro Market

Winston- Salem Market

Ups and Downs

The Raleigh and Durham markets had some ups and downs in 2020, but a significant spike in 2021.

Durham Market

Raleigh Market

All the North Carolina Markets have reached a higher actual rental rate at the midway point of 2021, then was projected before the pandemic started.