Charlotte Housing Market Hits $412 Billion Value as Housing Costs Squeeze Residents

The Charlotte housing market swelled to $412 billion by June 2025. The $3 billion bump from last year puts more strain on locals trying to buy homes.

With a value of $1.5 trillion statewide, North Carolina ranks tenth in U.S. markets. Zillow data shows the state's value shot up $673 billion since early 2020.

The Charlotte metro area's worth crept up just 0.7% this year. While fresh construction added 9% to growth since 2020, most gains came from existing homes getting pricier.

Buyers face steep costs in Charlotte. August's typical house now costs $430,000: up 5% in twelve months, per Canopy MLS stats. Across both Carolinas' metro zones, mid-range prices hit $420,000.

In Mecklenburg County, costs jumped even higher. The middle price point reached $466,000 last month: a sharp 6% rise from 2024.

These sky-high prices block many from buying. Since 2022, the Atlanta Fed's tracking shows homes in Charlotte-Concord-Gastonia have stayed out of reach for average folks.

Monthly payments now eat up family funds. A typical household earning $85,758 must spend 44% of their money just to keep a roof over its head in Charlotte's metro area, based on Atlanta Fed figures.

This far exceeds what's healthy. Federal housing experts warn that spending above 30% of income on housing puts families at risk.

The situation has turned much worse. Back in early 2022, families making $74,923 needed just 31% of their pay for a $345,667 house.

This mirrors the whole country's housing crunch. U.S. home values reached $55.1 trillion by summer, marking a 57% jump since 2020. The National Association of Realtors reports prices climbing non-stop for over two years straight.