Market Summary

Commonwealth, Mecklenburg County, NC

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Median Home Price Price

$615,743 $615.7K

Median Monthly Rent Rent

$1,943 $1.9K

GRM

26.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Mecklenburg County

Region Price Rent GRM Display
$382,107 $1,728 18.0x
$318,105 $1,998 13.0x
$462,946 $1,943 20.0x
$391,012 $2,053 16.0x
$422,765 $1,764 20.0x
$307,046 $1,957 13.0x
$373,906 $1,947 16.0x
$298,283 $2,047 12.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NC outside of Mecklenburg County

Home prices

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Monthly rent

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GRM

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Similar markets outside of NC

Region Price Rent GRM Display
$507,449 $2,126 20.0x
$743,394 $2,164 29.0x
$371,273 $2,006 15.0x
$707,568 $2,201 27.0x
$464,656 $2,084 19.0x
$602,320 $2,191 23.0x
$592,244 $2,140 23.0x
$540,181 $2,076 22.0x
$604,359 $2,175 23.0x
$600,431 $2,173 23.0x
$271,750 $2,110 11.0x
$653,794 $1,978 28.0x
$623,655 $2,042 25.0x
$670,829 $2,208 25.0x
$503,279 $2,121 20.0x
$452,925 $2,086 18.0x
$600,724 $2,049 24.0x
$654,759 $2,418 23.0x
$727,416 $1,779 34.0x
$393,525 $2,206 15.0x
$432,468 $2,168 17.0x
$617,021 $2,191 23.0x
$372,256 $2,060 15.0x
$588,859 $2,257 22.0x
$373,311 $2,221 14.0x

Home prices

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Monthly rent

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GRM

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Commonwealth

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Trend Insights

Median Rent in Commonwealth, NC is $1,943, with MoM change +$5 and YoY change +$39 pointing to positive momentum while volatility is low (std $9).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Commonwealth, NC.

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Metric
Base market Commonwealth, NC
Compare market Select a market
Delta vs base
Median rent
$1,943
N/A
Median price
$615,743
N/A
YoY change
+$39
N/A
Price-to-rent
26.4x
Data unavailable
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