Mint Hill, 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 Mint Hill, North Carolina rental market.
Mint Hill, North Carolina
Average Apartment Rent
$1,306
Y-o-Y Change in Average
Apartment Rent
-3.6%
As of November 2024
Compared to a year ago, Mint Hill, North Carolina apartments have recorded a -3.6% rent decrease.
Mint Hill, North Carolina Average apartment rent trend
Mint Hill, North Carolina Average Apartment Rent
Mint Hill, North Carolina Apartment rent ranges
At 80.52%, apartments priced $1,000 - $1,500 represent the bulk of Mint Hill, North Carolina rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.59%.
Mint Hill, North Carolina Housing tenure**
Renters take up 20% of Mint Hill, North Carolina real estate, occupying a total of 2,019 units, while homeowners live in 7,981 properties.
Median number of rooms of renter-occupied housing units**
5.2
Renter median household income**
$58,625
Average household size of renter-occupied housing units**
2.49
Rental vacancy rate**
6.2%
Mint Hill, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 969 rentals in Mint Hill, North Carolina with 3 beds making up the highest share of the market, at 48%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 16 units. Overall, the median number of rooms in Mint Hill, North Carolina homes for rent is 5.2.
Mint Hill, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Mint Hill, North Carolina are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Mint Hill, North Carolina Renter-occupied housing units by family type**
Mint Hill, North Carolina Renter-occupied housing units by the presence of own children**
A total of 1,111 apartments for rent in Mint Hill, North Carolina, or 55% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 667 units. All in all, the median size of a renter-occupied household in Mint Hill, North Carolina is 2.49.
Mint Hill, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 25% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Mint Hill, North Carolina.
Mint Hill, North Carolina Renter-occupied units by year structure built**
The highest share of Mint Hill, North Carolina apartment rentals, namely 24% or 492 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (21%, 414 units), and the ones Built 1990 - 1999 (20%, 403 units).
Mint Hill, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Mint Hill, North Carolina renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mint Hill, North Carolina condos for rent is 2017.
Mint Hill, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Mint Hill, North Carolina renters have 2 vehicles available per household, 44% of them have 1 vehicle available, and 6% have 3 vehicles available.
Mint Hill, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Mint Hill, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
Mint Hill, North Carolina Average apartment rent by zip codes
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 Mint Hill, 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
