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These days, finding an affordable place to live in the Charlotte area can be challenging. Home prices in Charlotte are now at a median cost of $155,885, lower than the Arkansas average of $207,061.
The average cost of rent is $691/mo in Charlotte, primarily driven by the current value of real estate in the Charlotte area. In Charlotte, 26.44% of households rent, and 69.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Charlotte is $4,962 per month. Households that rent pay about 13.93% of their income on rent here. Charlotte’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Walnut Grove, AR: equally priced homes
- Sulphur Rock, AR: higher priced homes
- Gainsboro, AR: equally priced homes
- Cord, AR: higher priced homes
- Hickory Valley, AR: equally priced homes
- Newark, AR: less expensive homes
- Magness, AR: higher priced homes
- Moorefield, AR: higher priced homes
- Dowdy, AR: equally priced homes
- Cave City, AR: less expensive homes
Cities with Similar Populations
- Bailey, TX: higher priced homes
- Blue Rock, OH: higher priced homes
- Blue Ridge Manor, KY: higher priced homes
- Big Run, PA: less expensive homes
- Big Pool, MD: higher priced homes
- Benham, KY: less expensive homes
- Bell, MI: higher priced homes
- Ballsville, VA: higher priced homes
- Analomink, PA: higher priced homes
- Norwood, LA: higher priced homes
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