Property Prices in Charlotte, NC, United States

Index Info
Price to Income Ratio: 2.51
Mortgage as Percentage of Income: 20.27%
Loan Affordability Index: 4.93
Price to Rent Ratio - City Centre: 9.03
Price to Rent Ratio - Outside of Centre: 6.04
Gross Rental Yield (City Centre): 11.08%
Gross Rental Yield (Outside of Centre): 16.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,760.71 $ 1,500.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,288.29 $ 1,100.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,583.33 $ 2,200.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,258.33 $ 1,700.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 341.13 $ 300.00-362.26
Price per Square Feet to Buy Apartment Outside of Centre 155.92 $ 124.33-225.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,332.69 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.24 3.80-5.43

These data are based on 98 entries in the past 18 months from 26 different contributors.
Last update: July 2022

Sources and References
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