Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$381,392−0.8% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$82,678About 0.9× the local median income ($87,742): affordable for a typical household
Days on market65 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 Charlotte-Concord-Gastonia, NC-SC is worth $381,392, down 0.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $342,174, so the area is 11.5% overvalued. It is a buyer's market: homes take about 65 days to sell, listings are up 13% from a year ago, 27% of listings have had a price cut. Zillow expects prices to fall about 0.3% over the next year. A household needs about $82,678 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 $87,742. Typical rent is $1,735 a month, or $2,189 for a house. In the latest IRS figures, 19,908 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
$381,392
Change in 1 year
−0.8%
Overvalued %
+11.5%
Show 7 more
Fair home value
$342,174
Change in 5 years
+20.4%
Zillow forecast, next 12 months
−0.3%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$2,067
Income needed to afford it
$82,678
Property tax rate
0.65%
Rent and investing
Typical rent
$1,735
Typical rent for houses
$2,189
Price-to-rent ratio
18.3×
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HUD Fair Market Rent, 2 bedrooms
$1,670
Gross rental yield
5.46%
Cap rate (estimate)
3.55%
Market activity
Listings vs a year ago
+13.2%
Days on market
65
Listings with a price cut
27.1%
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Homes for sale
11,547
Pending sales per 100 listings
36
Asking price per sq ft
$216
People and jobs
Median household income
$87,742
Population change (1 year)
+1.9%
Unemployment rate
4.4%
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Population
2,938,830
Income adjusted for cost of living
$90,177
Net moves in (IRS)
+19,908
Cost of living (US = 100)
97.3
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
89.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
92.2
Wildfire risk score
54.5
Walkability (1 to 20)
8.2
Road, rail and air noise
54 dB
Questions people ask
Is Charlotte-Concord-Gastonia, NC-SC overvalued?
Home prices in Charlotte-Concord-Gastonia, NC-SC are well above what local incomes have historically supported: fair value is about $342,174, so the area is 11.5% overvalued.
Is Charlotte-Concord-Gastonia, NC-SC a buyer's or seller's market?
Charlotte-Concord-Gastonia, NC-SC is a buyer's market: homes take about 65 days to sell, listings are up 13% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Charlotte-Concord-Gastonia, NC-SC?
Home values in Charlotte-Concord-Gastonia, NC-SC are down 0.8% 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 Charlotte-Concord-Gastonia, NC-SC?
A household needs about $82,678 a year to afford the typical home in Charlotte-Concord-Gastonia, NC-SC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $87,742.