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These days, finding an affordable place to live in the Downtown Charlotte area can be challenging. Home prices in Downtown Charlotte are now at a median cost of $554,830, higher than the Charlotte average of $392,082.
The average cost of rent is $2,086/mo in Downtown Charlotte, primarily driven by the current value of real estate in the Downtown Charlotte area. In Downtown Charlotte, 81.37% of households rent, and 30.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Charlotte is $9,096 per month. Households that rent pay about 22.93% of their income on rent here. Downtown Charlotte’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Fourth Ward, Charlotte, NC: less expensive homes
- Third Ward, Charlotte, NC: less expensive homes
- Dilworth, Charlotte, NC: higher priced homes
- Elizabeth, Charlotte, NC: higher priced homes
- Sedgefield, Charlotte, NC: higher priced homes
- Ashley Park, Charlotte, NC: less expensive homes
- Enderly Park, Charlotte, NC: less expensive homes
- Plaza Midwood, Charlotte, NC: higher priced homes
- Ashbrook-Clawson Village, Charlotte, NC: equally priced homes
- Myers Park, Charlotte, NC: higher priced homes
Neighborhoods with Similar Populations
- Madison South, Portland, OR: equally priced homes
- Goddard, Seabrook, MD: less expensive homes
- Goldenwest, Huntington Beach, CA: higher priced homes
- Hamlet, Woonsocket, RI: less expensive homes
- Hampden, Denver, CO: less expensive homes
- Happy Valley, Bellingham, WA: equally priced homes
- Hayhurst, Portland, OR: higher priced homes
- Hikes Point, Louisville, KY: less expensive homes
- Hillcrest, Brooklyn Park, MD: less expensive homes
- Hubbard-Richard, Detroit, MI: less expensive homes
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