Home prices in North Carolina and Charlotte: median value

What the median home value is

The Census Bureau’s American Community Survey (ACS) asks owners how much they think their home would sell for if it were for sale. The median value in table B25077 is the middle answer among all owner-occupied homes in an area, from condos to large houses.

This is the owner’s own estimate. It is not a sale price, not an appraisal and not a list price. It covers every home that owners occupy, including homes bought decades ago, so it describes the existing stock rather than what buyers paid this year.

The latest one-year ACS estimates cover 2024. The Census Bureau plans to release the 2025 one-year estimates on October 29, 2026, so the figures below will change then.

How prices have moved: the FHFA index

The ACS gives a level. To see the trend, the Federal Housing Finance Agency (FHFA) publishes a House Price Index built on repeat sales: it compares the prices of the same single-family homes each time they sell. The index uses seasonally adjusted, purchase-only data from mortgages bought or guaranteed by Fannie Mae and Freddie Mac.

The latest quarterly release, published August 25, 2026, covers the second quarter of 2026.

Source: FHFA House Price Index, purchase-only, seasonally adjusted, quarterly files for states, metro areas and the U.S. Changes calculated by Payotte from the published index values.

North Carolina prices were almost flat over the past year, while the national index rose 2.1%. Over five years, North Carolina and Charlotte gained roughly two-fifths in value, more than the nation’s 33.4%.

A worked example

Take a Charlotte-area home worth $340,000 in the second quarter of 2021. If it had followed the metro index exactly, it would have been worth about $474,000 in the second quarter of 2026 (+39.5%). Over the last year alone, it would have lost about $200 (−0.04%). A single home can move very differently from the index: location, condition and renovations matter more than the average.

How to use these figures when buying

• Use the ACS median for budgets and comparisons between places. It gives a dollar level for the state, the county and the city with the same method.
• Use the FHFA index for the direction of prices. It tells you whether prices are rising or falling, not what a given home is worth.
• For a specific home, look at recent sales and the appraisal. Your lender orders an appraisal before approving the loan; see our guide to home appraisal costs.

Closing costs come on top of the price: our North Carolina closing costs guide explains who pays what, and our page on buying a home in Charlotte applies these numbers to the city. First-time buyers can check the North Carolina first-time buyer programs.

Method and dataset

ACS median value. U.S. Census Bureau, American Community Survey, 1-Year Estimates, vintage 2024, table B25077 “Median Value (Dollars)”, variable B25077_001E with margin of error B25077_001M. Universe: owner-occupied housing units. Geographies: United States (0100000US), North Carolina (0400000US37), Charlotte–Concord–Gastonia, NC–SC metro area (310M700US16740), Mecklenburg County (0500000US37119), Charlotte city (1600000US3712000). Values were read through the data.census.gov access API on October 13, 2026. The 2025 one-year estimates are scheduled for October 29, 2026.

FHFA index. FHFA House Price Index, quarterly purchase-only, seasonally adjusted series, files hpi_po_state.txt (North Carolina), hpi_po_metro.txt (Charlotte-Concord-Gastonia, NC-SC, CBSA 16740) and hpi_po_us_and_census.txt (USA), release of August 25, 2026, data through the second quarter of 2026. Index values used: North Carolina 437.25 (Q2 2025), 310.89 (Q2 2021) and 439.06 (Q2 2026); Charlotte metro 474.07, 339.79 and 473.90; United States 426.58, 326.58 and 435.69. Changes are the ratio of the Q2 2026 value to the earlier value, minus one. The U.S. one-year result (+2.1%) matches FHFA’s release. FHFA plans its next quarterly release on November 24, 2026.