AFFORDABLE HOUSING IS CRITICALLY SCARCE, EVEN WITH IMPROVED SUPPLY Charlotte's rapid growth has created persistent, strong demand for housing. Housing supply overall was catching up in 2024, and income growth has helped, yet affordable housing still was difficult for many to achieve.
Growth: 2023 to 2024 • •
Overall Charlotte metro growth: 78,255 people Growth in households: 24,830+
House prices continued to rise, and affordable housing is still scarce. However, household income growth has outpaced house price growth, providing some relief. Rates for rental homes stabilized following unprecedented supply increases. The State of Housing in Charlotte 2025 Report, published by the Childress Klein Center for Real Estate in the Belk College of Business, takes a research-informed look at housing issues. In its seventh year, the report and the State of Housing in Charlotte Summit offer trusted data-driven insights for anyone concerned about housing and its influence on the economic vitality of the Charlotte region.