Charlotte
North Carolina · Ranked #56 of 102 metros
45Moderate
Median Home Price
🏠$380K
Need $109K income
Median Rent
🔑$2K
Need $60K income
Housing Shortage
📉45,000
units needed
Building Permits
🔨28,000
annual
Median Income
💰$68K
Pop: 2,660,329
Rent Burden
⚠️32.0%
of renters paying >30%
Price Change (YoY)
📈+3.8%
Homeownership
🏡62.5%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Charlotte | National |
|---|---|---|
| Price-to-Income Ratio | 5.6x | 6.1x |
| Rent Burden | 32.0% | 31.5% |
| Homeownership Rate | 62.5% | 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% |