September 2025 Market Update: Lowest Vacancy Areas in Mecklenburg County

[Kasey Hardt]

​The Charlotte rental market continues to show strength in 2025, with several neighborhoods across Mecklenburg County reflecting particularly low vacancy rates this September.

For investors, low vacancy typically means strong rental demand, steady cash flow, and the potential for long-term appreciation. For homeowners, it reflects the desirability of these areas for both buyers and renters.

Here’s a closer look at the lowest vacancy areas in Mecklenburg County this month—and what makes each one stand out.

28204 – Elizabeth/Midtown Charlotte | 4% Vacancy

Elizabeth is one of Charlotte’s most historic and desirable neighborhoods. Located just outside Uptown, it’s home to Independence Park, the Metropolitan shopping district, and an eclectic mix of restaurants and breweries. With just a 4% vacancy rate, this is one of the tightest rental markets in the county.

28210 – SouthPark | 8% Vacancy

SouthPark offers luxury living, high-end shopping, and incredible dining options. Anchored by SouthPark Mall, this area attracts professionals and families who value convenience and lifestyle. The 8% vacancy rate signals steady rental demand in one of Charlotte’s premier submarkets.

28212 – East Charlotte | 5% Vacancy

East Charlotte is known for its affordability, cultural diversity, and accessibility to Uptown. Key attractions include Bojangles Coliseum and the Evergreen Nature Preserve. With a 5% vacancy rate, investors are finding strong opportunities here at more approachable price points compared to some of Charlotte’s luxury zip codes.

28078 – Huntersville | 8% Vacancy

Huntersville remains a family favorite thanks to Birkdale Village, Discovery Place Kids, and proximity to Lake Norman. With amazing community amenities, the 8% vacancy rate highlights the continued demand for rentals in this suburban hot spot.

28262 – University City (Charlotte) | 7% Vacancy​

Anchored by UNC Charlotte, University City thrives with a mix of students, young professionals, and families. Major draws include University Research Park, PNC Music Pavilion, and the light rail connection into Uptown. With a 7% vacancy rate, the demand for rental housing continues to be strong and steady.

Click here to go to the development map. UNC developments are yellow markers.

28104 & 28105 – Matthews/Weddington | 7% Vacancy

Matthews offers a small-town feel with attractions like downtown Matthews, Four Mile Creek Greenway, and the annual Matthews Alive Festival. Neighboring Weddington is known for its spacious homes, and quiet neighborhoods. Both areas report just a 7% vacancy rate, a sign of their popularity with families and long-term renters.

What This Means for Investors and Homeowners

Low vacancy rates mean that tenants are competing for limited rental housing, making these areas attractive for investors who want strong rental demand and stable occupancy. For homeowners, it’s a reflection of the high desirability of your neighborhood.