Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Rain Tree area can be challenging. Home prices in Rain Tree are now at a median cost of $634,856, higher than the Charlotte average of $392,082.
The average cost of rent is $1,624/mo in Rain Tree, primarily driven by the current value of real estate in the Rain Tree area. In Rain Tree, 33.57% of households rent, and 30.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rain Tree is $8,420 per month. Households that rent pay about 19.29% of their income on rent here. Rain Tree’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Piper Glen Estates, Charlotte, NC: equally priced homes
- Olde Providence South, Charlotte, NC: equally priced homes
- Wessex Square, Charlotte, NC: higher priced homes
- Hembstead, Charlotte, NC: higher priced homes
- Oxford Hunt, Charlotte, NC: higher priced homes
- Carmel, Charlotte, NC: less expensive homes
- Providence Plantation, Charlotte, NC: equally priced homes
- Providence Crossing, Charlotte, NC: equally priced homes
- Ballantyne East, Charlotte, NC: higher priced homes
- Johnston-McAlpine, Charlotte, NC: less expensive homes
Neighborhoods with Similar Populations
- Brightwood, Springfield, MA: less expensive homes
- Canterbury, Mobile, AL: less expensive homes
- Castle Manor, Milwaukee, WI: less expensive homes
- Coffey Park, Santa Rosa, CA: higher priced homes
- East Terrell Hills, San Antonio, TX: less expensive homes
- Findlay Downtown Historic District, Findlay, OH: less expensive homes
- Floral Park, Butte, MT: less expensive homes
- Goodrich-Kirtland Park, Cleveland, OH: less expensive homes
- Hamilton Hills, Schenectady, NY: less expensive homes
- Molholm Two Creeks, Edgewater, CO: equally priced homes
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