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With almost 2 million residents in the Charlotte metropolitan area, and 671,588 residents in the city itself, Charlotte is a great place for an investment property. Indeed, almost 40% of the city's housing units are currently rented by their owners, and average market rents range from $629-$1,110. With a 24% increase in population since 2000, and a median household income of $48,670 it is easy to see why Charlotte has been touted as one of the top cities to live or start a business in recent years.

Charlotte is the largest city in the state of North Carolina and is one of the top twenty largest cities in the United States. It is considered one of the fastest growing cities in the nation, a situation fueled primarily by the finance and retail industries focused on the area. Two of the top three largest financial institutions are headquartered in Charlotte as are a number of major Fortune 500 companies.

The biggest growth in Charlotte has been seen in the development of the city’s Uptown neighborhood. It has become a center for skyscrapers, including brand-new residential skyscrapers, and is a part of the city which hasn’t yet hit its peak growth. However, the strong interest in this part of Charlotte has already driven up real estate rates here so many new residents are turning their sights to the up-and-coming Midtown section.

Although the city is primarily a finance center, it is also a big draw for college students interested in attending its institutions of higher education. University of North Carolina at Charlotte is the biggest of these schools but a number of other colleges in the area contribute to a strong youth population in the city. The bulk of this population can be found in the area surrounding the schools.