Charlotte, NC housing market report

1-year price change

+0.1%

FHFA HPI

5-year price change

+45.9%

FHFA HPI

Median home value

$356,400

Census ACS

Median household income

$83,304

Census ACS

Median gross rent

$1,473/mo

Census ACS

Owner-occupied households

65.9%

Census ACS

Metro population

2,768,407

Census ACS

30-yr mortgage rate (national)

6.43%

Freddie Mac / FRED

Q2 2021 Q1 2026

Home prices in Charlotte are up 0.1% over the past year and up 45.9% over the past five years, per the FHFA House Price Index through Q1 2026. The metro's median home value is $356,400 against a median household income of $83,304 (Census ACS 2020-2024). 65.9% of households own their homes, and the median gross rent is $1,473 per month.

If you're buying in Charlotte

• FHFA's price index for the metro is up 0.1% year over year, so recent sale prices have on average come in above year-ago levels.
• At the current national average 30-year rate of 6.43%, buying at the metro's median value ($356,400) with 20% down works out to roughly $1,789 per month in principal and interest, before taxes and insurance.
• The median home value here is about 4.3x the median household income.

If you're selling in Charlotte

• Prices are up 0.1% over the past year and up 45.9% over five years, per the FHFA index for the metro.
• The metro's median gross rent is $1,473 per month - one reference point if you are weighing a sale against renting the home out.
• 65.9% of households in the metro own their homes.