Charlotte housing market
Typical home value
$381K
▼ 0.8% 1 yr
Typical rent
$1,735/mo
▲ 1.4% 1 yr
12-month forecast
−0.3%
#480 of 546 metros
Gross rent yield
5.5%
#346 of 546 · U.S. 6.3%
Days to pending
61 days
▲ +7 days 1 yr
Listings with a price cut
30%
▲ +0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $381,392, down 0.8% in a year and up 20% over five years.
- 2Zillow forecasts home values falling 0.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,735/mo (+1.4% YoY), a 5.5% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,096/mo in principal and interest, $361 more than renting.
- 5Homes go under contract in 61 days (+7 days vs last year); 30% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 31/100, #423 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Charlotte compares
| Measure | Charlotte | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −0.8% | +1.2% | #492 |
| Home value, 5-yr change | +20.4% | +19.7% | |
| 12-month forecast | −0.3% | +1.1% | #480 |
| Rent, 1-yr change | +1.4% | +2.7% | #451 |
| Gross rent yield | 5.5% | 6.3% | #346 |
| Price-to-rent ratio | 18.3 | 15.8 | |
| Mortgage P&I on typical home | $2,096 | $2,012 | |
| Income needed to buy | $100,816 | $100,902 | |
| Days to pending | 61 | 56 |
Cities in the Charlotte metro
25 cities with home value and rent data.
| Charlotte | $390K | ▼ 1.2% | $1,729 | ▲ 1.1% | 5.3% |
| Concord | $378K | ▼ 0.5% | $1,784 | ▲ 2.2% | 5.7% |
| Rock Hill | $320K | ▼ 1.9% | $1,517 | ▲ 1.7% | 5.7% |
| Gastonia | $273K | ▼ 0.8% | $1,483 | ▲ 2.2% | 6.5% |
| Fort Mill | $519K | ▼ 1.6% | $1,748 | ▲ 3.1% | 4.0% |
| Mooresville | $478K | ▼ 0.6% | $1,675 | ▲ 2.0% | 4.2% |
| Salisbury | $280K | ▼ 0.2% | $1,393 | ▲ 3.4% | 6.0% |
| Statesville | $296K | ▲ 2.5% | $1,765 | ▲ 4.8% | 7.2% |
| Huntersville | $544K | ▲ 0.2% | $1,903 | ▲ 0.6% | 4.2% |
| Monroe | $352K | ▼ 0.6% | $1,896 | ▲ 2.4% | 6.5% |
| Kannapolis | $276K | ▲ 0.2% | $1,578 | ▲ 2.7% | 6.9% |
| Indian Trail | $411K | ▼ 2.6% | $2,004 | ▲ 4.5% | 5.8% |
| Clover | $410K | ▼ 0.5% | $2,002 | ▲ 7.7% | 5.9% |
| Waxhaw | $700K | ▼ 0.4% | $2,626 | ▲ 5.5% | 4.5% |
| Matthews | $504K | ▼ 0.2% | $1,736 | ▼ 0.2% | 4.1% |
| Cornelius | $521K | ▲ 0.8% | $1,796 | ▲ 1.0% | 4.1% |
| Belmont | $432K | ▼ 0.3% | $1,819 | ▲ 2.2% | 5.1% |
| Mount Holly | $358K | ▲ 0.1% | $1,772 | ▲ 3.2% | 5.9% |
| Mint Hill | $509K | ▲ 0.5% | $1,650 | ▼ 1.5% | 3.9% |
| Denver | $555K | ▼ 0.6% | $1,956 | ▲ 3.3% | 4.2% |
| Harrisburg | $492K | ▼ 0.6% | $2,520 | ▲ 0.4% | 6.1% |
| Davidson | $650K | ▲ 0.4% | $2,107 | ▲ 0.1% | 3.9% |
| Dallas | $271K | ■ 0.0% | $1,752 | ▲ 2.9% | 7.8% |
| Troutman | $397K | ▼ 0.1% | $2,005 | ▲ 10.3% | 6.1% |
| Pineville | $400K | ▼ 0.9% | $1,534 | ▲ 1.4% | 4.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Charlotte rental ($381K, $1,735/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Charlotte home.
Rent vs buy
Is it cheaper to rent or buy in Charlotte?
Renting out a property in North Carolina? See deposit limits, late fee rules and notice periods.
Other North Carolina metros
Raleigh, NC
$428K home$1,669 rent4.7% yield
▼ 1.7% 1 yr
Greensboro, NC
$261K home$1,406 rent6.5% yield
▲ 0.8% 1 yr
Winston, NC
$278K home$1,529 rent6.6% yield
▲ 1.7% 1 yr
Durham, NC
$402K home$1,640 rent4.9% yield
▼ 2.5% 1 yr
Fayetteville, NC
$254K home$1,454 rent6.9% yield
▲ 0.3% 1 yr
Asheville, NC
$416K home$1,702 rent4.9% yield
▼ 3.3% 1 yr
Hickory, NC
$267K home$1,595 rent7.2% yield
▲ 1.7% 1 yr
Wilmington, NC
$443K home$1,744 rent4.7% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.