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What to Know About
Living in North Carolina
North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.
There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.
With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.
Rental Market Trends
North Carolina
As of July 2025, North Carolina's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. North Carolina's average rent is 12.0% ($213) lower than the U.S. average of $1,775.
Average Rent
$1,562
Monthly ChangeMonth Over Month Change
0.3% ($5)
Yearly ChangeYear Over Year Change
6.5% ($108)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,289 | 1.1% ($14) | 0.2% ($2) |
| 2 Beds | $1,468 | 1.5% ($23) | 0.5% ($8) |
| 3 Beds | $1,954 | 1.1% ($21) | No change |
| Top Markets in North Carolina | Average Rent | Avg. Rent vs. NCAverage Rent vs. North Carolina | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Charlotte | $2,094 | 34.1% ($532) | 28 days |
| Raleigh | $1,624 | 4% ($62) | 28 days |
| Durham | $1,671 | 7% ($109) | 29 days |
| Fayetteville | $1,172 | 25% ($390) | 32 days |
| Wilmington | $1,790 | 14.6% ($228) | 33 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
North Carolina Rental Market FAQs
Explore rental prices, market trends, and availability in North Carolina.
The average rent in North Carolina is $1,562 per month.
Houses in North Carolina typically rent for between $902 and $2,540 per month, with an average of $1,562 per month.
In North Carolina, the average rent for a 1-bedroom house is $1,289 per month, for a 2-bedroom house, $1,468 per month, and a 3-bedroom house is $1,954 per month.
The average rent in North Carolina is 12% ($213) lower than the national average of $1,775 per month.
The average rent in North Carolina has decreased by 0.3% ($5) in the last month and decreased by 6.5% ($108) over the past year.
The rental market in North Carolina, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In North Carolina, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $58,720 to comfortably afford a 2-bedroom house in North Carolina.
