Property Prices in Charlotte, NC, United States

Index Info
Price to Income Ratio: 4.55
Mortgage as Percentage of Income: 40.66%
Loan Affordability Index: 2.46
Price to Rent Ratio - City Centre: 10.59
Price to Rent Ratio - Outside of Centre: 9.35
Gross Rental Yield (City Centre): 9.44%
Gross Rental Yield (Outside of Centre): 10.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,075.00 $ 1,600.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,661.35 $ 1,200.00-1,950.00
Apartment (3 bedrooms) in City Centre 4,684.00 $ 3,500.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,942.92 $ 2,000.00-3,440.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 496.37 $ 375.00-749.99
Price per Square Feet to Buy Apartment Outside of Centre 312.73 $ 204.00-550.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,789.51 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.50 5.83-6.70

These data are based on 169 entries in the past 18 months from 37 different contributors.
Last update: September 2023

Sources and References
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