Home Values

Charlotte Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$155,400

  • 5.6% 1-year change
  • 2.7% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Charlotte is $155,400. Charlotte home values have gone up 5.6% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Charlotte is $104, which is higher than the Charlotte Metro average of $99. The median price of homes currently listed in Charlotte is $187,500 while the median price of homes that sold is $187,700. The median rent price in Charlotte is $1,150, which is lower than the Charlotte Metro median of $1,175.

Foreclosures will be a factor impacting home values in the next several years. In Charlotte 7.6 homes are foreclosed (per 10,000). This is greater than the Charlotte Metro value of 5.4 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Charlotte is 6.5%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Charlotte homeowners underwater on their mortgage is 18.5%, which is higher than Charlotte Metro at 16.5%.

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Relative ZHVI
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Charlotte Market Overview

Data through Jan 31, 2015
  • $155,400 ZHVI
  • 2.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $187,500 Median listing price
  • $187,700 Median sale price
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Charlotte Market Health

Data through Jan 31, 2015
  • 2.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 18.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.6 homes Charlotte
5.4 homes Charlotte Metro
4 homes United States
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Neighborhoods in Charlotte

Name Median ZHVI
Eastover $901,100
Freedom Park $446,100
Downtown Charlotte $349,000
Name Median ZHVI
Dilworth $314,000
Elizabeth $281,000
Chantilly $268,900
Name Median ZHVI
First Ward $214,500
Cherry $182,100
Belmont $101,200

Listings & Sales

Data through Jan 31, 2015
  • $104 Median list price / sq ft
  • $109 Median sale price / sq ft
  • No data Listings with price cut
29.9%
Sold below listing
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Charlotte Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,222 Charlotte
    $1,235 Charlotte Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,150 Rent list price
  • $0.87 Rent list price / sq ft
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