Charlotte, NC is an affluent city with a high median housing value. The median house value in Charlotte is significantly higher than the national average, at $381,800 compared to the US House Median Value of $338,100. Additionally, Charlotte has experienced much higher appreciation over the last year than the national rate. The US House 1-year appreciation rate is 8.27%, while Charlotte's House 1-year appreciation rate is 16.50%. This data indicates that investing in real estate in Charlotte is currently a wise decision for potential buyers and investors due to its high housing values and strong growth potential.
The median home cost in Charlotte is $381,800. Home appreciation the last 10 years has been 163.7%. Home Appreciation in Charlotte is up 23.6%.
Average Age of Homes
- The median age of Charlotte real estate is 27 years old
The Rental Market in Charlotte
- Renters make up 40.6% of the Charlotte population
- 3.2% of houses and apartments in Charlotte, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.