North Carolina city guide
Housing Costs and Affordability in Charlotte, North Carolina
Charlotte has about 903,844 residents. Median gross rent is $1,612 per month, while median household income is $82,068.
Quick answer
What income supports the median rent?
A household would need about $64,500 per year to keep Charlotte's median gross rent near 30% of gross income. The current citywide median-rent-to-median-income benchmark is 24%.
Moderate housing-cost benchmarkData scope: figures use 2020-2024 ACS 5-Year estimates. The latest official release was checked Aug 01, 2026 at 03:00 UTC. The benchmark compares citywide medians and is designed for broad relocation research, not an individual budget or a live apartment search.
Personal rent check
Test Charlotte rent against your income
Enter gross annual household income to compare a 30% monthly housing target with the citywide median gross rent.
High estimate precision Margins of error use the Census ACS 90% confidence level. Smaller geographies and subgroups can have wider uncertainty.
Major-city decision brief · Priority city 14 of 30
What stands out for a move to Charlotte
Four signals derived from the same Census dataset help separate the renting, buying and ownership picture.
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01
Income versus the rent target
Median household income is $17,568 above the $64,500 income associated with median rent at 30%. That is a citywide cushion, not a promise that a specific household or apartment will fit.
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02
Rent position inside North Carolina
Charlotte ranks #34 from lowest to highest rent among 49 covered North Carolina cities. Its rent is close to the dataset median across the full 10-state dataset.
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03
Buying requires a different scale of income
Median home value equals 4.7x median household income, 9% above the dataset median. This ratio does not include rates, down payment, property tax, insurance or maintenance.
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04
Ownership is one part of the local housing mix
51% of occupied homes are owner-occupied, 19% below the dataset median. The remaining share includes renter-occupied housing and should not be read as current inventory availability.
Direct comparisons
Compare Charlotte with another city
How Charlotte compares
Median rent is close to the dataset median, while household income is close to the dataset median. Within North Carolina, Charlotte ranks #34 from lowest to highest rent and #21 from highest to lowest household income among 49 cities in the current dataset.
The citywide rent-to-income benchmark is between 20% and 25%. This benchmark is useful for comparing cities under one formula, but households with different incomes, unit sizes or debt loads will experience costs differently.
Renting snapshot
$19,344 in annual median rent
Twelve months of median gross rent totals about $19,344. Gross rent includes contract rent plus estimated tenant-paid utilities where applicable in the ACS definition.
Buying snapshot
19.9x price-to-rent baseline
Median home value is about 19.9x annual median rent. This is a broad market comparison and does not include mortgage rates, taxes, insurance or maintenance.
Search terms, defined
How to read rent, home price and AMI searches
These distinctions keep the Census estimates comparable and prevent a historical survey measure from being mistaken for a live market quote.
- Average rent vs. median gross rent
- If you searched for the average rent in Charlotte, the closest consistent Census measure on this page is $1,612 median gross rent. It is the midpoint among renter-occupied homes, not a live average asking rent. Gross rent includes contract rent plus estimated tenant-paid utilities where applicable.
- Home price vs. median home value
- The reported $385,700 median home value is the midpoint of owner estimates for owner-occupied homes. It is not an average sale price, listing price or current automated valuation.
- Household income vs. AMI
- The $82,068 median household income is a Census city estimate. It is not HUD Area Median Income (AMI), an AMI eligibility limit or an affordable-housing contract amount.
Keep comparing
Similar-size cities in North Carolina
Questions people ask
What is the median rent in Charlotte?
Median gross rent is $1,612 per month in the 2020-2024 ACS 5-Year estimates.
What is the average rent in Charlotte?
This page reports Census median gross rent of $1,612 per month, not a live average asking rent. Median is the midpoint among renter-occupied homes; gross rent includes contract rent plus estimated tenant-paid utilities where applicable.
What income is needed for the median rent?
A gross household income of about $64,500 per year would keep median gross rent near 30% of income. This is a planning benchmark, not a landlord qualification rule.
Is housing affordable in Charlotte?
The citywide median-rent-to-median-income benchmark is 24%, which this site labels a moderate housing-cost benchmark. Individual costs can differ substantially.
Does this page report Area Median Income or AMI?
No. The $82,068 figure is Census median household income for the city. It is not HUD Area Median Income, an AMI limit or an affordable-housing contract amount.
What is the median home value in Charlotte?
The median value of owner-occupied homes is $385,700 in the 2020-2024 ACS 5-Year estimates.
What is the average home price in Charlotte?
This page reports a Census median owner-occupied home value of $385,700, not an average sale price, current listing price or real-time market estimate.
Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Latest release checked Aug 01, 2026 at 03:00 UTC. Review the definitions and methodology.