Lake Norman Of Catawba, North Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lake Norman Of Catawba, North Carolina rental market.
Lake Norman Of Catawba, North Carolina
Average Apartment Rent
$1,621
Y-o-Y Change in Average
Apartment Rent
-3.1%
As of May 2026
Compared to a year ago, Lake Norman Of Catawba, North Carolina apartments have recorded a -3.1% rent decrease.
Lake Norman Of Catawba, North Carolina Average apartment rent trend
Lake Norman Of Catawba, North Carolina Average Apartment Rent
Lake Norman Of Catawba, North Carolina Apartment rent ranges
At 64.09%, apartments priced $1,500 - $2,000 represent the bulk of Lake Norman Of Catawba, North Carolina rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 5.24%.
Lake Norman Of Catawba, North Carolina Housing tenure**
Renters take up 14% of Lake Norman Of Catawba, North Carolina real estate, occupying a total of 537 units, while homeowners live in 3,236 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$58,766
Average household size of renter-occupied housing units**
2.52
Rental vacancy rate**
6.1%
Lake Norman Of Catawba, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 263 rentals in Lake Norman Of Catawba, North Carolina with 3 beds making up the highest share of the market, at 49%. Units with 1 bed, on the other hand, hold the lowest percentage (7%), amounting to 35 units. Overall, the median number of rooms in Lake Norman Of Catawba, North Carolina homes for rent is 5.
Lake Norman Of Catawba, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Lake Norman Of Catawba, North Carolina are occupied by residents in the 35 - 44 years age group (38%), followed by those in the 25 - 34 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Lake Norman Of Catawba, North Carolina Renter-occupied housing units by family type**
Lake Norman Of Catawba, North Carolina Renter-occupied housing units by the presence of own children**
A total of 349 apartments for rent in Lake Norman Of Catawba, North Carolina, or 65% of all rentals are family households. Additionally, 37% of rental homes include children under the age of 18 – that’s 201 units. All in all, the median size of a renter-occupied household in Lake Norman Of Catawba, North Carolina is 2.52.
Lake Norman Of Catawba, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Lake Norman Of Catawba, North Carolina.
Lake Norman Of Catawba, North Carolina Renter-occupied units by year structure built**
The highest share of Lake Norman Of Catawba, North Carolina apartment rentals, namely 30% or 162 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (17%, 90 units), and the ones Built 1990 - 1999 (16%, 84 units).
Lake Norman Of Catawba, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lake Norman Of Catawba, North Carolina renters (34%) moved in 2018 to 2020, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Lake Norman Of Catawba, North Carolina condos for rent is 2018.
Lake Norman Of Catawba, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 33% of Lake Norman Of Catawba, North Carolina renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 24% have 3 vehicles available.
Lake Norman Of Catawba, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Lake Norman Of Catawba, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lake Norman Of Catawba, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
