Charlotte, NC


Highest Appreciating Charlotte Neighborhoods Since 2000

Charlotte, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Charlotte Housing Market Information

With 827,097 people, 305,488 houses or apartments, and a median cost of homes of $187,028, Charlotte real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Charlotte, accounting for 56.44% of the city's housing units. Other types of housing that are prevalent in Charlotte include large apartment complexes or high rise apartments ( 30.00%), row houses and other attached homes ( 7.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.21%).

The most prevalent building size and type in Charlotte are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.19% owning and 46.81% renting.

There is a lot of housing in Charlotte built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Charlotte built between 2000 and later ( 26.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.18%). There's also some housing in Charlotte built before 1939 ( 3.15%).

Charlotte Home Appreciation Rates

Appreciation rates for homes in Charlotte have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.52%, which ranks in the top 30% nationwide. This equates to an annual average Charlotte house appreciation rate of 1.19%.

Appreciation rates are so strong in Charlotte that despite a nationwide downturn in the housing market, Charlotte real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Charlotte appreciation rates continue to be some of the highest in America, at 7.70%, which is higher than appreciation rates in 85.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Charlotte. Charlotte appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Charlotte one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Carolina, our data show that Charlotte's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Charlotte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Charlotte - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Charlotte real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,244,000 1.6
$933,001 - $1,244,000 1.9
$622,001 - $933,000 4.2
$498,001 - $622,000 3.8
$373,001 - $498,000 7.6
$249,001 - $373,000 15.1
$125,001 - $249,000 42.1
$62,001 - $125,000 19.0
$0 - $62,000 4.7

High for NC
High for Nation

Value Relative to Nation Value Relative to State
35.6967069026134 26.8602540834846

Number Of Homes And Apartments:

Charlotte Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
41.06% 2.01% 8 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,298 / per month

Homeownership Rate

Owners 53.19
Renters 46.81
Vacant 8.33

Housing Market Details


Age of Homes

AGE OF Charlotte HOMES
2000 or Newer 26.8
1970 - 1999 49.9
1940 - 1969 20.2
1939 or Older 3.2

Types of Homes

Single-Family 56.4
Townhomes 7.1
Small Apt. Buildings 5.2
Apt. Complexes 30.0
Mobile Homes 1.3
Other 0.0

Home Size

No Bedroom 1.42
1 Bedroom 12.46
2 Bedrooms 26.14
3 Bedrooms 37.32
4 Bedrooms 18.29
5 or more bedrooms 4.37