Charlotte, TN—37036
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Charlotte, TN
As of Oct '25, the median home price in Charlotte, TN is $330,000, with a year-over-year change of 0.4%. This indicates that home prices in Charlotte, TN are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | 0.4% |
| Single Family | $331,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $341,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Charlotte, TN
As of July '25, Rentcast reports the average rent in Charlotte, TN is $2,100, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Charlotte, TN is 3-bedrooms: $2,100. The most common rental property sizes in Charlotte, TN are 2-bedroom and 3-bedroom, accounting for 33.1% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Charlotte, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Charlotte, TN is 66. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 20.0% |
Listing Count | 33 | 1.0% |
| Listings as % of Homes | 1.3% | 1.0% |
Days on Market | 66 | 7.0% |
Demographics — Charlotte, TN
As of the latest ACS Survey released in 2023, Charlotte, TN has a population of 6,650, which has increased by 13.6% over the past 5 years. Charlotte, TN is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,650 | 13.6% |
% Under 18 | 24.6% | 18.3% |
% Seniors | 17.7% | 4.7% |
% WFH | 9.0% | 91.5% |
% w/ College Degree | 14.7% | 33.6% |
As of the latest ACS Survey released in 2023, Charlotte, TN is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Charlotte, TN is hispanic, making up 3.5% of the population. Foreign-born residents account for 0.4% of the population in Charlotte, TN, and this percentage has increased by 33.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.2% | -3.2% |
% Black | 2.8% | -52.5% |
% Hispanic | 3.5% | 288.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | 33.3% |
Mortgage and Risk — Charlotte, TN
According to HUD data as of 2023, there were 178 mortgage originations in Charlotte, TN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Charlotte, TN. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Charlotte, TN
Charlotte, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 51.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | -$260 | $2,100 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Charlotte, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $330,000 |
| Median Household Income | $72,300 |