Property Prices in Charlotte, NC, United States

Index Info
Price to Income Ratio: 3.72
Mortgage as Percentage of Income: 31.10%
Loan Affordability Index: 3.22
Price to Rent Ratio - City Centre: 8.47
Price to Rent Ratio - Outside of Centre: 9.07
Gross Rental Yield (City Centre): 11.81%
Gross Rental Yield (Outside of Centre): 11.03%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,908.93 $ 1,500.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,607.94 $ 1,200.00-1,950.00
Apartment (3 bedrooms) in City Centre 4,303.33 $ 2,500.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,702.08 $ 1,700.00-3,440.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 365.00 $ 300.00-600.00
Price per Square Feet to Buy Apartment Outside of Centre 286.75 $ 204.00-400.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,710.33 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.64 4.50-6.15

These data are based on 156 entries in the past 18 months from 35 different contributors.
Last update: March 2023

Sources and References
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