The Most Affordable Neighborhoods in Plaza Midwood, Charlotte, NC by Home Value

 

Plaza Midwood, Charlotte, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Plaza Midwood area can be challenging. Home prices in Plaza Midwood are now at a median cost of $733,328, higher than the Charlotte average of $392,082.

The average cost of rent is $1,656/mo in Plaza Midwood, primarily driven by the current value of real estate in the Plaza Midwood area. In Plaza Midwood, 47.65% of households rent, and 16.69% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Plaza Midwood is $10,773 per month. Households that rent pay about 15.37% of their income on rent here. Plaza Midwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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