Cities / North Carolina / Mecklenburg County / Charlotte
Charlotte cityscape
City housing brief · Incorporated place

Charlotte, NC

City evidence stays city-level. County, metro and national records appear separately to explain the wider market without changing the city figures.

City gross yield5.2%ZORI × 12 ÷ ZHVI · before costs
Direct city rent answer

What does rent cost in Charlotte, NC?

The latest city-level Zillow ZORI for Charlotte is $1,746 per month in 2026-06. It measures a typical asking-rent market across rental types—not an arithmetic average or an address-level rent estimate.

City Zillow ZORI$1,7462026-06 · up 0.1% year over year
City ACS gross rent$1,612ACS 2024 5-year occupied-renter survey
HUD two-bedroom context$1,686Mecklenburg County administrative standard
How to read the rent answer for Charlotte
MeasureCurrent valueGeographyMeasurement boundary
Zillow ZORI$1,746Charlotte cityTypical observed asking-rent index; not a unit quote.
Census ACS gross rent$1,612Charlotte citySurvey estimate for occupied renter homes, including specified utilities.
HUD 2BR FMR$1,686Mecklenburg CountyAdministrative bedroom standard; wider context, never substituted as city rent.

For a property decision, match bedroom count, condition, utilities, concessions, lease timing and nearby comparable listings. Wider county and metro evidence below stays explicitly labelled.Zillow pulled 2026-07-29

For within-city variation, inspect the published ZIP rental landscape rather than treating one citywide value as uniform.

City market snapshot

Four figures that frame the city

Typical home value
$399k
▼ 1.1% year over year
Zillow ZHVI · 2026-06
Observed market rent
$1,746
▲ 0.1% year over year
Zillow ZORI · 2026-06
Entry affordability
4.9x
home value ÷ household income
Zillow + Census ACS
Population
903,844
▲ 5.4% between ACS vintages
ACS 2024 5-year
Decision brief

What the city-level evidence says

01Decision frame

Charlotte’s current Zillow measures set a mixed decision frame: ZHVI typical home value is $399,434, down 1.1% year over year, while ZORI typical observed market rent is $1,746 monthly. Those inputs imply a 5.2% gross yield before every operating cost. The Zillow value equals 4.9x ACS median household income, and annual ZORI equals 25.5% of that income; both are broad affordability screens rather than a buyer or tenant qualification.

02Housing stock

The city has 399,305 housing units; 49.0% of occupied units are renter-occupied, while the citywide vacancy rate is 7.6%. These are broad stock and tenure conditions, not evidence that a specific unit will lease promptly. ACS surveyed occupied housing reports $1,612 median gross rent, including contract rent plus selected utilities, and a $385,700 owner-reported median home value. Those ACS measures differ in concept and period from Zillow’s market rent and typical value, so they should not be averaged or substituted.

03City depth

Direct city context shows 49.8% of renter households are burdened at the stated threshold. Single-family structures make up 60.3% of housing units and large multifamily structures 18.2%; among vacant units, 50.8% are classified as for rent. Population rose 5.4% between overlapping ACS vintages to 903,844, a comparison that is not annualized and may reflect boundary changes. Median household income is $82,068, poverty is 11.7%, and unemployment is 4.6%. These survey facts describe broad stock and demand constraints; they do not identify available investment inventory, lease-up speed, or achievable property rent.

04Wider context

Mecklenburg County context reports a 0.71% property-tax rate alongside a 51-day Realtor median market time; both are county measures, not parcel taxes or city liquidity. In the broader Charlotte metro, employment increased 1.1% over the reported interval and housing supply stood at 3.7 months; these metro measures do not determine demand for a Charlotte property. The national Freddie Mac 30-year mortgage rate is 6.58%, a financing benchmark rather than a Charlotte borrowing quote.

05Limits & next checks

Underwriting should therefore treat the headline yield as a screening ratio, not net operating income: it excludes taxes, insurance, repairs, capital work, vacancy, management, utilities, association charges, and financing. Citywide averages also conceal a property’s condition, legal status, and rentability. Before acting, verify parcel taxes and assessments, obtain insurance and loan quotes, inspect major systems, review title, zoning, lease and association restrictions, test achievable rent against truly comparable units, and build property-specific expense, turnover, vacancy, and capital-reserve assumptions.

Local rent intelligence

Charlotte Rental Market Intelligence: Rent Trends, Affordability Screens, and Submarket Dynamics

Budget context

What the rent asks of an annual income

Median household income$82,068
Income at the rent budget$69,831
$1,746 monthly rent × 12 ÷ 30% = $69,831 annual income. A gross-income budgeting screen, not a lender or landlord qualification rule. Zillow ZORI: 2026-06; Census: ACS 2024 5-year.
Chart data and calculation
Annual income references, not equivalent household samples
MeasureAnnual amountBasis
Median household income$82,068ACS 2024 5-year
Income at the rent budget$69,831City ZORI × 12 ÷ 0.30

Put the benchmark to work

Match the rent period and housing type to your actual options. Check utilities, recurring fees and lease terms before treating the difference as savings.

Explore the metro rent budget tool →See the salary-to-rent research →Compare published city alternatives ↓

Rent Plateau and Divergent Market Measurements

In Charlotte, the typical observed market rent stood at $1,745.77 in June 2026 according to the Zillow Observed Rent Index (ZORI), marking a modest year-over-year increase of 0.11%. The multi-year trajectory shows asking rents cooling from rapid escalation into an extended plateau. Historical observation points indicate typical rents rose from $1,446.65 in June 2021 to $1,670.20 in June 2022 and $1,723.19 in June 2023, before settling into incremental annual shifts of $1,728.23 in June 2024 and $1,743.84 in June 2025. Because these markers represent annual June snapshots, they reflect long-term rate deceleration rather than month-to-month lease timing or seasonal peaks.

Evaluating pricing requires balancing multiple independent datasets that track distinct segments of the rental pool. The Census Bureau's ACS 2024 5-year estimates report a city median gross rent of $1,612.00, reflecting monthly contract rent plus selected tenant-paid utilities for renter-occupied units. The typical asking rent captured by ZORI exceeds this survey median by $133.77, or an 8.30% gap.

A separate perspective emerges from the Apartment List recent-lease rent estimate, which measured $1,377.00 for Charlotte as of July 2026, representing a distinct measurement universe from ZORI and Census metrics. Alongside this rent estimate, Apartment List logged a direct rental vacancy index of 9.39% and a time-on-market index of 35.0 days in July 2026.

Income Thresholds and Household Burden Reality

Assessing renter solvency involves contrasting standard qualification ratios against observed Census financial outcomes. Based on a standard 30% gross income budgeting screen, supporting Charlotte's June 2026 typical asking rent of $1,745.77 requires a household to earn at least $69,830.63 annually. By contrast, the Census ACS 2024 5-year median household income for Charlotte reached $82,068.00. At that exact median income, a 30% housing budget translates to $2,051.70 per month, leaving the citywide asking figure well within mathematical reach of the median-earning household.

Aggregate income thresholds, however, mask substantial localized financial strain across active tenants. Within the ACS 2024 5-year survey, 49.83% of renter households in Charlotte were classified as rent-burdened, allocating 30% or more of their total income toward gross rent. Renter households represent 48.99% of all occupied units in the city, occupying 180,679 homes out of 368,788 occupied dwellings.

The city's overall housing supply shows an ACS overall vacancy rate of 7.64% across 399,305 total housing units. Of the 30,517 vacant units recorded by the survey, 15,502 units were classified as vacant for rent, meaning that the vacant-for-rent share represents 50.80% of all vacant homes rather than an overall rental vacancy rate. Across all housing units in the city, single-family structures account for 60.29% and large multifamily structures containing 20 or more units account for 18.16%.

Same-Metro Alternatives and Cost Tradeoffs

Renters and investors evaluating the Charlotte metropolitan area encounter variations in asking prices and household burden levels across regional municipalities. In Concord, located within the same metro, typical asking rent reached $1,805.02 in June 2026, advancing 1.69% year over year. Concord recorded a median household income of $86,921.00 and an observed renter burden rate of 51.69% in the ACS 2024 5-year data.

In Gastonia, another city within the same metro, June 2026 typical market rent was $1,523.65, tracking year-over-year growth of 0.09%. Gastonia recorded an ACS 2024 5-year median household income of $64,059.00 and an observed renter burden rate of 54.25%.

Salisbury presented the lowest rent among matched alternatives in the metro, posting a June 2026 typical rent of $1,206.35 with a 1.20% annual increase. Salisbury reported an ACS 2024 5-year median household income of $53,716.00 and an observed renter burden share of 53.76%.

Investment Performance, Financing Hurdles, and Supply Pressures

In Charlotte, the typical home value index recorded by Zillow was $399,434.35 in June 2026, marking a 1.10% year-over-year decline. Paired with typical asking rents of $1,745.77, this indicates a gross rental yield of 5.24%. At the broader county level, Mecklenburg County posted a June 2026 typical home value of $424,306.00 and a typical rent of $1,751.00, resulting in a gross yield of 4.95%. For federal housing programs, Mecklenburg County carried a HUD fiscal year 2026 Fair Market Rent of $1,686.00 for a two-bedroom unit, setting an administrative baseline distinct from private asking rents.

Longer-term equity metrics show durable gains across Mecklenburg County, where the FHFA House Price Index reported a 5-year appreciation rate of 60.20% through 2025 alongside a 1-year gain of 2.45%. Financing acquisitions, however, remains constrained by national capital costs, with Freddie Mac's primary mortgage market survey logging a 30-year fixed mortgage rate of 6.69% for the week of August 6, 2026. This rate environment exceeds prevailing gross yields, highlighting the challenge of financing properties without substantial equity stakes. In addition, Mecklenburg County recorded an ACS 2024 5-year effective property tax rate of 0.71%.

Supply and demand dynamics across Mecklenburg County include 4,251 active residential listings recorded by Realtor.com in June 2026, a median time on market of 51.0 days, and 22.35% of listings showing price reductions. In the wider Charlotte metropolitan area, Redfin tracked a median days on market of 53 days as of May 1, 2026, a 31.62% share of listings with price cuts, an average sale-to-list price ratio of 98.62%, and 3.7 months of available supply. In addition, the Charlotte metro issued 21,846 building permits year-to-date through June 2026, representing 7.89 permits per 1,000 residents, while metro-level payroll employment grew 1.08% over the twelve months ending June 2026.

Same-metro rent alternatives

Published places with the same city-rent period, selected by closeness of their rent index. This does not establish equal commute times, amenities or property quality.

Direct city observations, not neighborhood or bedroom estimates
CityTypical monthly rentACS renter burdenPeriods
Concord, NC$1,80551.7%2026-06; ACS 2024 5-year
Gastonia, NC$1,52454.3%2026-06; ACS 2024 5-year
Salisbury, NC$1,20653.8%2026-06; ACS 2024 5-year

Local rent questions

What income is required to comfortably lease a typical home in Charlotte without exceeding conventional budget ratios?

Under a standard 30% gross income scenario assumption, an annual household income of $69,830.63 corresponds to Charlotte's typical market rent index of $1,745.77 per month (as recorded by ZORI in June 2026). While Charlotte's ACS 2024 5-year median household income of $82,068.00 exceeds this scenario income figure, 49.83% of actual renter households in the city remain rent-burdened, spending 30% or more of their gross income on gross rent.

How do rental costs and household rent burden compare between Charlotte and same-metro cities?

While Charlotte recorded a June 2026 typical rent of $1,745.77 and a 49.83% rent-burdened share, Concord posted a higher rent of $1,805.02 alongside a 51.69% burden rate and a median income of $86,921.00. Gastonia and Salisbury recorded lower rents of $1,523.65 and $1,206.35, respectively, alongside median household incomes of $64,059.00 and $53,716.00 and rent burden rates of 54.25% and 53.76%.

Sources and release periods for this analysis
Housing system

Market movement and the stock underneath it

Five-year path

Price and rent, rebased to 100

ZHVI +25.2%ZORI +20.7%
12811295202120222023202420252026
Each series starts at 100 so their direction can be compared without pretending that a home value and a monthly rent share the same unit.
Housing stock

Tenure and vacancy

ACS
49.0%RENTER
Owner occupied51.0%
Renter occupied49.0%
Vacant units7.6%

Median structure year 1995

Tenure uses occupied units; vacancy uses all housing units.
Measurement matrix

Two sources, two different questions

SourceHome valueMonthly rent
Zillow market index$399.4K$1.7K
ACS occupied housing$385.7K$1.6K
Zillow measures current market indexes. ACS reports surveyed owner value and gross rent for occupied housing. The rows are context, not interchangeable estimates.
Direct local rental evidence

Recent leases and rental-market liquidity in Charlotte, NC

These Apartment List observations match the exact city Census code 3712000. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,543$1,446$1,3482021-082026-07
Recent-lease rent$1,3772026-07 · -3.2% year over year
Rental vacancy9.4%2026-07 · +0.5 percentage points year over year
Time on market35 days2026-07 · +3.0 days year over year
Direct city depth

Households and housing form behind the medians

Median household income$82k

Annual ACS household measure.

Rent-to-income screen25.5%

Annual ZORI divided by ACS median income.

ACS rent burden49.8%

Renters paying at least 30% of household income toward gross rent.

Average household size2.41

People per occupied housing unit.

Single-family stock60.3%

Detached and attached one-unit structures.

Large multifamily stock18.2%

Housing in structures with 20 or more units.

Vacant and for rent50.8%

Share of vacant units listed by ACS as for rent, not a market vacancy rate.

Unemployment4.6%

Share of the civilian labor force.

Poverty11.7%

ACS population for whom poverty status is determined.

These are citywide context measures. They cannot tell you the rent, vacancy, expenses or tenant demand for a particular neighborhood or property.
ZIP rental landscape

How asking rent and renter pressure vary inside Charlotte

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. It is a selected evidence set, not a neighborhood ranking or an exhaustive city inventory.

Selected ZIP range$1,337–$2,030Zillow asking-rent index
Monthly spread$693highest minus lowest selected ZIP
Observed burden range40.2%–61.0%ACS renter households paying 30%+
Renter households covered130,865across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.28277$2,03028215$2,01628216$1,84228205$1,78028269$1,75628208$1,63828273$1,62928217$1,61428213$1,59428262$1,57428210$1,49728212$1,337
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.63.5%57.1%50.6%44.2%37.7%282622820528269282162827728213282082821228273282102821728215Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.28215+116.5%28208+111.4%28205+109.9%28216+103.5%28213+100.9%28269+88.2%28277+87.1%28217+82.3%28210+79.6%28262+79.1%28212+78.6%28273+76.5%
WHAT THE LOCAL DISTRIBUTION SAYS

Within the selected direct-evidence ZIP set, June 2026 Zillow ZORI runs from $1,337 in 28212 to $2,030 in 28277—a $693 spread—with a midpoint of $1,633.50. That range makes the decision question more specific than simply seeking the lowest current index: which available unit and lease structure fit a household’s bedroom need, budget, and location requirements without confusing an area-level reading for a quote? The lower index end can assist a search, but it does not establish the all-in cost of a unit; the higher end similarly does not determine the terms a household will face. The selected ZIPs are ordered by renter-household count, so this is a concentrated view of substantial renter markets rather than a full catalogue of city ZIP areas.

Zillow, ACS, and HUD answer different questions and should stay separate. ZORI is a typical observed asking-rent index, not a bedroom-specific payment schedule. For example, ZORI is $2,016 in 28215, compared directionally with its HUD two-bedroom FMR of $1,730, or 16.5% higher. Conversely, ZORI is $1,629 in 28273, 23.5% below the corresponding $2,130 HUD standard. Those gaps are comparison signals, not discounts or premiums on a particular apartment: HUD FMR is an administrative bedroom-specific standard, while ZORI is an asking-rent index. ACS median gross rent adds a third lens—a five-year survey estimate—rather than a current asking-rent substitute. Use each series for its own purpose when screening options.

Affordability and availability form a separate trade-off. Across the shown areas, the ACS share of renter households spending 30% or more of income on rent ranges from 40.2% in 28277 to 61.0% in 28212. Vacancy spans 4.6% to 10.9%; it does not show actual concessions, applicant competition, or unit-specific terms. In 28213, the $63,760 annual income implied by its ZORI at a 30-percent rent threshold is above the $58,146 ZCTA median household income, alongside a 57.6% burden share. That alignment points to a need for household-level budgeting, not an assumption that an available listing will be affordable. Low vacancy does not make a standard rent series a transaction measure, and a high burden share does not identify which households or units are affected.

Definitions and coverage set the limits of this comparison. The selection is ordered by renter households and is not an exhaustive inventory. ACS 2024 five-year estimates apply to ZCTAs, statistical areas that are not identical to USPS delivery ZIPs; Zillow and HUD use their respective ZIP-based data frameworks. Before selecting a property, verify the actual asking rent, bedroom count, lease term, utilities and fees, concessions, income and guarantor rules, availability date, and exact delivery ZIP. Compare the resulting all-in monthly obligation with verified household income and a chosen cost ceiling. A unit-level review is necessary because none of these area measures supplies a binding rent quote or confirms a property’s terms.

Selected ZIP evidence

Keep each source universe visible

23 ZIP profiles passed the city gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screen
28262$1,574$1,569$1,99044.1%9.9%$63k
28205$1,780$1,460$1,62046.4%6.4%$71k
28269 →$1,756$1,710$1,99054.9%5.9%$70k
28216$1,842$1,560$1,78052.6%6.2%$74k
28277$2,030$1,882$2,33040.2%4.6%$81k
28213$1,594$1,444$1,58057.6%10.9%$64k
28208$1,638$1,244$1,47049.9%10.7%$66k
28212$1,337$1,362$1,70061.0%8.7%$53k
28273$1,629$1,729$2,13046.4%5.7%$65k
28210$1,497$1,554$1,88047.0%6.9%$60k
28217$1,614$1,594$1,96048.8%9.6%$65k
28215$2,016$1,449$1,73052.3%6.6%$81k
READ BEFORE USING

ACS ZCTA figures are 2024 five-year survey estimates rather than current listing observations, and ZCTAs do not exactly match USPS delivery ZIPs. The geographic and timing differences limit direct comparison with ZIP-based ZORI and HUD measures.

The ZIP sample includes selected eligible direct-ZORI matches ordered by renter households and is not exhaustive. HUD two-bedroom FMR is administrative, while ZORI is an observed asking-rent index; neither verifies a specific unit’s availability, utilities, fees, or lease terms.

SOURCE LEDGERCensus ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD USPS crosswalk and Small Area FMRs — ZIP rent fallbackZIP-CBSA 2025Q4 + SAFMR FY2026 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Curated city comparisons

Charlotte in direct city-to-city decisions

Each comparison keeps both records inside city limits and opens only when the pair differs materially on multiple decision signals.

Browse all city comparisons →
Closest market alternatives

Three useful contrasts, not a synthetic winner

The peer set broadens the decision without mixing geographies. Price, rent and housing characteristics remain city-level for every place.

Comparable market profile

Entry price, rent and gross yield

Charlotte, NCConcord, NCRaleigh, NCLas Vegas, NV
Typical home valueZillow ZHVICharlotte$399.4KConcord$387.2KRaleigh$436.1KLas Vegas$425.5KObserved market rentZillow ZORI / monthCharlotte$1.7KConcord$1.8KRaleigh$1.6KLas Vegas$1.7KGross yieldZORI × 12 ÷ ZHVICharlotte5.2%Concord5.6%Raleigh4.3%Las Vegas4.9%
Bars begin at zero within each measure. Gross yield is a screening ratio before financing, taxes, insurance, vacancy, maintenance or management costs.
Same metro01

Concord, NC

Compared with Charlotte, typical home value is $12k lower, monthly rent is $59 higher, and gross yield is 0.3 percentage points higher.

Rent burden 30%+
51.7%
Renter share
34.8%
One-unit stock
75.7%
20+ unit stock
5.9%
Same state02

Raleigh, NC

Compared with Charlotte, typical home value is $37k higher, monthly rent is $166 lower, and gross yield is 0.9 percentage points lower.

Rent burden 30%+
52.1%
Renter share
49.3%
One-unit stock
58.1%
20+ unit stock
17.6%
Closest data profile03

Las Vegas, NV

Compared with Charlotte, typical home value is $26k higher, monthly rent is $24 lower, and gross yield is 0.4 percentage points lower.

Rent burden 30%+
58.6%
Renter share
43.4%
One-unit stock
67.7%
20+ unit stock
10.1%

These are analytical alternatives, not recommendations. The structural measures come from Census ACS; price and rent use the Zillow releases shown on each card and in the source ledger below.

Wider market context

What surrounds the city without being mistaken for it

The layers below answer different questions. County records describe listing, migration, financing and hazard conditions around the city; metro records describe jobs, supply and permits; the mortgage rate is national.

Same measure, wider boundary

City marker against intersecting counties

CityCounty range
Typical home value$424.3K$424.3K$399.4KObserved market rent$1.8K$1.8K$1.7K
Both levels use Zillow indexes, but the county records cover land and housing outside the city. The comparison supplies context; it does not replace the city value.
Same Zillow index families

City limits versus the linked metro

CharlotteMetro
Observed market rentMetro $1.8KCity $1.7K · -0.2%Typical home valueMetro $390.9KCity $399.4K · +2.2%Gross yieldMetro 5.4%City 5.2% · -2.3%
Zillow ZORI and ZHVI use the same release month at both boundaries. Gross yield is rent × 12 ÷ home value; the metro contains the city and is context, not a substitute.

Search all direct city–metro gaps in the interactive atlas.

COUNTY LAYER

The intersecting county

This boundary extends beyond the city and is shown only as context.

2026-06
Active listings
4,251
Listing DOM
51 days
FHFA one-year
▲ 2.5%
Net migration
3,732
Investor share
11.8%
Effective property tax
0.71%
Top hazard
inland flooding
Expected loss ratio
0.14%
METRO LAYER

Charlotte, NC

Open metro analysis →
Job growth▲ 1.1%12m to 2026-06
Permitted units21,8462026 YTD through M06
Permits / 1,0007.9broader metro population
Months of supply3.72026-05-01
Median DOM53 daysRedfin metro tracker
Price drops31.6%Redfin metro tracker
Wider-context figures are not inputs to the city gross yield and are never used to fill a missing city price, rent or ACS measure.
What can break the thesis

Three checks before using the city averages

  1. 01

    Gross yield excludes operating costs, capital needs, and financing.

  2. 02

    Mecklenburg County, the broader Charlotte metro, and national measures use different scopes from Charlotte city figures.

  3. 03

    Citywide vacancy and rent-burden measures do not predict a particular unit’s leasing outcome.

Questions answered

Quick reading guide

Can ACS rent be blended with Zillow rent?

No. ACS median gross rent covers surveyed occupied housing and includes selected utilities, while Zillow ZORI measures typical observed market rent.

Do the wider-market figures measure Charlotte itself?

No. Mecklenburg County, the broader Charlotte metro, and national figures provide context using separate geographic denominators.

What should be checked before underwriting a property?

Verify achievable rent, parcel taxes, insurance, financing, physical condition, legal restrictions, recurring expenses, vacancy assumptions, and capital reserves.

Sources and geography

What belongs to this city page

Census recognizes this as Charlotte city. The place intersects Mecklenburg County.