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

$158,800

  • 4.8% 1-year change
  • 3.1% 1-year forecast

The median home value in Charlotte is $158,800. Charlotte home values have gone up 4.8% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in Charlotte is None. The median rent price in Charlotte is $1,199, which is lower than the Charlotte Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Charlotte 5.0 homes are foreclosed (per 10,000). This is greater than the Charlotte Metro value of 4.0 and also greater than the national value of 3.5

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 6.0%, which is the same as the national value of 6.0%. 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 15.8%, which is higher than Charlotte Metro at 13.8%.

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Relative ZHVI
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Charlotte Market Overview

Data through May 31, 2015
  • $158,800 ZHVI
  • 3.1% 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
    (May 31, 2016)
  • No data Median listing price
  • $212,100 Median sale price
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Charlotte Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 15.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 6.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5 homes Charlotte
4 homes Charlotte Metro
3.5 homes United States
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Neighborhoods in Charlotte

Name Median ZHVI
Eastover $871,500
Freedom Park $401,600
Downtown Charlotte $318,900
Name Median ZHVI
Dilworth $298,000
Elizabeth $263,600
Chantilly $243,700
Name Median ZHVI
First Ward $190,900
Cherry $170,300
Belmont $105,200

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $118 Median sale price / sq ft
  • No data Listings with price cut
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Charlotte Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,234 Charlotte
    $1,251 Charlotte Metro
    $1,367 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,199 Rent list price
  • $0.92 Rent list price / sq ft
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