Charlotte
North Carolina · Ranked #315 of 373 metros
45Moderate
💡
Housing in Charlotte costs 4.69× the median income, above the national average of 4.5×. The median home price is $381K and median rent is $1,505/month. Charlotte ranks #315 of 373 metros for affordability.
Median Home Price
🏠$381K
Need $109K income
Median Rent
🔑$1,505
Need $60K income
Housing Shortage
📉45,000
units needed
Building Permits
🔨28,000
annual
Median Income
💰$81K
Pop: 2,660,329
Rent Burden
⚠️32.0%
of renters paying >30%
Price Change (YoY)
📈+3.8%
Homeownership
🏡65.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Charlotte | National |
|---|---|---|
| Price-to-Income Ratio | 4.69x | 6.1x |
| Rent Burden | 32.0% | 31.5% |
| Homeownership Rate | 65.0% | 65.5% |
| YoY Price Change | +3.8% | +3.5% |
| YoY Rent Change | +2.2% | +2.8% |
| Mortgage Denial Rate | 13.5% | 13.5% |
| Eviction Rate | 5.8% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +76.7%Since 2000: +213.3%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,469/mo
1 Bedroom$1,538/mo
2 Bedroom$1,686/mo
3 Bedroom$2,076/mo
4 Bedroom$2,637/mo
Zillow Market Data
Home Value (ZHVI)
$383K
1yr: -0.8%5yr: +37.8%
Rent (ZORI)
$1,716/mo
1yr: +0.4%5yr: +28.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$433K
Active Inventory
9,941
Days on Market
69
Sold Above List
17.7%
Price Drops
29.8%