Charlotte, NC real estate investing data
Updated 2026-11-09 · Official Census, HUD, NAIC and FHFA figures
Summary
In Mecklenburg County, the county around Charlotte, the median home value is $371,200, median rent is $1,521 a month and the effective property tax rate is 0.75%. A $250,000 purchase at that rate means about $1,875 a year in property tax. Homeowners insurance averages $1,852 a year across North Carolina.
- Median home value
- $371,200
- Median rent / month
- $1,521
- Property tax rate
- 0.75%
- Gross rent yield
- 4.92%
How does Charlotte compare with the rest of North Carolina?
Home values in Mecklenburg County are 81% above the median North Carolina county ($205,300). Rent is 77% above the state median ($860). The median county's property tax rate is 0.69%, against 0.75% here. Gross yield is a year of median rent divided by median home value. It leaves out all costs, so use it only to compare areas.
Charlotte fair market rent by size
| Studio | $1,574 |
|---|---|
| 1 bedroom | $1,640 |
| 2 bedrooms | $1,785 |
| 3 bedrooms | $2,179 |
| 4 bedrooms | $2,773 |
Charlotte home price growth
| Latest year | 2.5% |
|---|---|
| 5 years, per year | 9.9% |
| 10 years, per year | 8.7% |
Is there a transfer tax in Charlotte?
$1 per $500 or fractional part of consideration or value, paid by the transferor (G.S. 105-228.30). Paid to the county register of deeds; the county keeps half of the proceeds. NC General Assembly, G.S. 105-228.30
Common questions
What is the property tax rate in Charlotte?
The effective rate in Mecklenburg County is 0.75%, based on median taxes paid and median home value in the Census ACS (2019-2023). Your bill may differ, especially if a purchase triggers a reassessment.
What is fair market rent in Charlotte?
HUD's 2027 Fair Market Rent for Mecklenburg County is $1,785 for two bedrooms and $2,179 for three. HUD sets these near the 40th percentile and includes utilities, so check them against nearby listings.
How much have home prices risen in Charlotte?
FHFA's index shows Mecklenburg County prices rising 9.9% a year over the five years to 2025 and 8.7% a year over ten. Those years were unusually strong, so a lower figure is safer in a forecast.
Where these numbers come from
All figures are for Mecklenburg County as a whole, which can differ from the city and from any one neighborhood. Values, rents and taxes are from the Census ACS 2019-2023. Fair Market Rents are HUD 2027. Insurance is the NAIC 2023 North Carolina average. Price growth is FHFA's developmental county index through 2025. Estimates only, not financial advice.