We posed a challenge to everyone who stopped by the Rent Ready booth at the 2016 GCAA Trade Show this year.
Can you guess the median rent price in Charlotte-Mecklenburg in the 1970’s, 1980’s, and 1990’s?
We've spent the last few weeks sorting through all the entries and found a winner! But since so many of you asked us for the answers for each decade at the show, and we steadfastly remained tight lipped as not to spoil the game, we thought now would be a good time to finally pull back the curtain...
Charlotte in the 1970's
Total Housing Units: 114,974
Median Rent Price: $86.00
Closest Guess: Enoe Kizewski from McAlpine Ridge with a guess of $125
Charlotte in the 1980's
Total Housing Units: 156,134
Median Rent Price: $205.00
Closest Guess: Aida Habul from Crescent South Park with a guess of $295
Charlotte in the 1990's
Total Housing Units: 216,416
Median Rent Price: $382.00
Closest Guess: June Morgan from Perimeter Lofts with a guess of $375.00
While we tip our hats to these three individuals for being closest in their respective decades – as they say, there can only be one!
So it’s our privilege to congratulate June Morgan from Perimeter Lofts for being only $7.00 off the median rent price in Charlotte in the 1990s! For more interesting facts about the Charlotte housing market throughout the years – make sure to check out the State of North Carolina Library Digital Collections where we sourced this information.