Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$414,531−0.9% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$89,862About 1.0× the local median income ($90,698): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
Next 12 months−0.3%Zillow expects prices to stay about flat
The typical home in Mecklenburg County, NC is worth $414,531, down 0.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $366,045, so the area is 13.2% overvalued. It is a buyer's market: homes take about 64 days to sell, listings are up 18% from a year ago, 26% of listings have had a price cut. Zillow expects prices to fall about 0.3% over the next year. A household needs about $89,862 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,698. Typical rent is $1,732 a month, or $2,185 for a house. In the latest IRS figures, 15 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$414,531
Change in 1 year
−0.9%
Overvalued %
+13.2%
Show 7 more
Fair home value
$366,045
Change in 5 years
+19.9%
Zillow forecast, next 12 months
−0.3%
Home value to income
4.6×
Monthly mortgage payment (20% down)
$2,247
Income needed to afford it
$89,862
Property tax rate
0.71%
Rent and investing
Typical rent
$1,732
Typical rent for houses
$2,185
Price-to-rent ratio
19.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,785
Gross rental yield
5.01%
Cap rate (estimate)
3.26%
Market activity
Listings vs a year ago
+18.2%
Days on market
64
Listings with a price cut
25.6%
Show 3 more
Homes for sale
4,487
Pending sales per 100 listings
34
Asking price per sq ft
$244
People and jobs
Median household income
$90,698
Population change (1 year)
+2.2%
Unemployment rate
4.3%
Show 4 more
Population
1,233,383
Income adjusted for cost of living
$93,215
Net moves in (IRS)
+15
Cost of living (US = 100)
97.3
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
97.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
99.0
Wildfire risk score
62.2
Walkability (1 to 20)
10.5
Road, rail and air noise
55 dB
Questions people ask
Is Mecklenburg County, NC overvalued?
Home prices in Mecklenburg County, NC are well above what local incomes have historically supported: fair value is about $366,045, so the area is 13.2% overvalued.
Is Mecklenburg County, NC a buyer's or seller's market?
Mecklenburg County, NC is a buyer's market: homes take about 64 days to sell, listings are up 18% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Mecklenburg County, NC?
Home values in Mecklenburg County, NC are down 0.9% over the last year. Zillow's forecast for the next 12 months is −0.3%.
How much do you need to earn to buy a home in Mecklenburg County, NC?
A household needs about $89,862 a year to afford the typical home in Mecklenburg County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,698.