The typical owner-occupied home in Charlotte is worth about $86,900, 69% below the Texas median of $283,800 and 74% below the national median of $332,700. Owners pay a median $1,663 a year in property taxes, about 1.91% of their home's value, higher than the Texas rate of 1.49%. The median household earns $28,955 a year, so the median home costs 3.0 times the median income (3.6 times for Texas). 90% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Charlotte at a glance
| Charlotte | Texas | U.S. | |
|---|---|---|---|
| Median home value | $86,900 | $283,800 | $332,700 |
| Median property tax paid per year | $1,663 | $4,232 | $3,119 |
| Property tax as a share of value | 1.91% | 1.49% | 0.94% |
| Median household income | $28,955 | $78,476 | $80,734 |
| Homes lived in by their owners | 90% | 63% | 65% |
| Owner homes with a mortgage | 21% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,090 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 12.1% | 9.4% | 10.1% |
| Population | 1,466 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Charlotte
At this week's average 30-year rate of 7.11%, buying the median Charlotte home of $86,900 with 20% down costs about $642 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $787, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $27,522 for the 20%-down payment. That payment is 27% of the median Charlotte household income of $28,955; at that income and 20% down, the 28% guideline points to a home of about $91,000.
| Down payment | $17,380 |
|---|---|
| Loan amount | $69,520 |
| Principal and interest | $468 |
| Property taxes (1.91% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $642 |
Change the numbers in the calculator
| Down payment | $3,042 |
|---|---|
| Loan amount | $85,326 |
| Principal and interest | $574 |
| Property taxes (1.91% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $787 |
Change the numbers in the calculator
Questions about home buying in Charlotte
What is the median home value in Charlotte?
About $86,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Charlotte?
Homeowners pay a median $1,663 a year, which is about 1.91% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Charlotte?
For the median home with 20% down at 7.11%, the payment is about $642 a month. Keeping that under 28% of gross income takes about $27,522 a year.
More about Charlotte
- Mortgage Refinance in Charlotte
- Debt Relief in Charlotte
- Home Equity Loans in Charlotte
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data