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Vacancy rates tracked by Real Data over the last period ... ... Charlotte 4.9% ... Greensboro/WS 3.4% ... Norfolk/VaBeach 3.0% ... Raleigh/Durham 5.0% ... Richmond 3.8%

Rental rates tracked by Real Data over last period ... Charlotte $1,375 ... Greensboro/WS $1,062 ... Norfolk/VaBeach $1,195 ... Raleigh/Durham $1,345 ... Richmond $1,248
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    Real Data tracks the multi-family apartment markets in the major metro markets of the Southeast. We are one of the few publishers of apartment statistics based on 100% market survey versus sample data. We track statistics on multi-family units in North Carolina and Virginia, which gives our subscribers the most extensive data set of comparable apartment statistics available. The market studies are published semi-annually on each market's vacancy, rental rates, development and absorption trends.



    Charlotte(9/2021) 4.9% $1,375 103(3) Find Apartments Research
    Greensboro/WS (10/2021) 3.4% $1,062 105(1) Find Apartments Research
    Norfolk-Va.Beach (5/2021) 3.0% $1,195 100(4) Find Apartments Research
    Raleigh/
    Durham (8/2021)
    5.0% $1,345 104(2) Find Apartments Research
    Richmond (6/2021) 3.8% $1,248 98(5) Find Apartments Research
    Market Rank : Real Data scores each market based on its occupancy, employment growth, development pipeline, demand and rent growth. A higher score is more favorable with scores typically ranging from 90-95. In parentheses is the markets rank based on its score among the cities tracked by Real Data. Note each market's score is as of its survey date and its actual market conditions may have changed since that time.

    Real Data is no longer tracking Asheville, Charleston, Columbia, Greenville, Nashville or Wilmington. If you are interested in an older report for one of these markets please contact us at (704)369-2345 to make arrangements.


    Updated October 27th, 2021

    Greensboro/Winston-Salem/High Point

    The average rental rate has increased to $1,062 per month.



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    North Carolina Report

    Charlotte

    Demand remains strong for apartments in the Charlotte area; reporting an average vacancy rate at just 4.9%.

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    Virginia Report

    Richmond
    Vacancy rates remain low, despite historically high new development and supply growth.

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