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  4. /Charlotte, MI - 48813

Charlotte, MI—48813

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$246,000
3.2% YoY Growth
Household Income
$77,400
24.8% YoY Growth
Days on Market
31
26.0% Shorter YoY
Home Price Forecast
1.5%
Median Rent
$1,300
25.8% YoY Growth
1-Bed Rent
$783
23.2% YoY Growth
2-Bed Rent
$1,300
8.3% YoY Growth
3-Bed Rent
$1,600
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Charlotte, MI

As of May '26, the median home price in Charlotte, MI is $246,000, with a year-over-year change of 3.2%. This indicates that home prices in Charlotte, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$246,0003.2%
Single Family $245,0003.4%
Condos $250,0000.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$187,0000.0%
    3 Bed
    		$248,0002.9%
    4 Bed
    		$279,0002.2%
    5 Bed $326,7674.4%
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    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    7.0%
    2 Bedrooms
    20.7%
    3 Bedrooms
    48.8%
    4 Bedrooms
    16.2%
    5+ Bedrooms
    4.9%

    Rental Trends — Charlotte, MI

    As of July '25, Rentcast reports the average rent in Charlotte, MI is $1,160, with a year-over-year rent change of 25.8%. Per bedroom, the median rent as of July '25 in Charlotte, MI is 1-bedrooms: $801, 2-bedrooms: $1,300, 3-bedrooms: $1,600. The most common rental property sizes in Charlotte, MI are 2-bedroom and 1-bedroom, accounting for 38.0% and 24.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,160
    Studio Rent N/AN/A
    1 Bed Rent $783$801
    2 Bed Rent $1,300$1,300
    3 Bed Rent $1,600$1,600
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    6.4%
    1 Bedroom
    24.2%
    2 Bedrooms
    38.0%
    3 Bedrooms
    20.2%
    4 Bedrooms
    7.3%
    5+ Bedrooms
    3.9%

    Property Listings — Charlotte, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Charlotte, MI is 31. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$308,000-2.0%
    Listing Count
    		50-15.0%
    Listings as % of Homes0.6%-15.0%
    Days on Market
    		31-26.0%
    Loading chart...

    Demographics — Charlotte, MI

    As of the latest ACS Survey released in 2023, Charlotte, MI has a population of 20,300, which has decreased by -3.4% over the past 5 years. Charlotte, MI is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		20,300-3.4%
    % Under 18
    		22.4%0.0%
    % Seniors
    		16.7%-7.7%
    % WFH
    		9.4%203.2%
    % w/ College Degree
    		19.0%3.8%
    Loading chart...

    As of the latest ACS Survey released in 2023, Charlotte, MI is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Charlotte, MI is hispanic, making up 5.0% of the population. Foreign-born residents account for 1.3% of the population in Charlotte, MI, and this percentage has decreased by 23.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.1%-3.6%
    % Black
    		1.3%44.4%
    % Hispanic
    		5.0%19.0%
    % Asian
    		0.9%125.0%
    % Foreign Born
    		1.3%-23.5%
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    Mortgage and Risk — Charlotte, MI

    According to HUD data as of 2023, there were 378 mortgage originations in Charlotte, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Charlotte, MI. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		378
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Charlotte, MI

    Charlotte, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		197
    Total Units Section 8
    		190
    % Rentals under Section 8
    		12.8%
    % Occupied Section 8
    		88.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$17$783$800
    2 Bedroom-$310$1,300$990
    3 Bedroom-$310$1,600$1,290
    4 BedroomN/AN/A$1,340

    Affordability — Charlotte, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$246,000
    Median Household Income$77,400

    Charlotte, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Potterville, MI

    48876

    Olivet, MI

    49076

    Mulliken, MI

    48861

    Vermontville, MI

    49096

    Grand Ledge, MI

    48837

    Frequently Asked Questions