Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Charlotte, NC

Housing in Charlotte, NC: Rent, Home Prices & Property Tax

$1,322/mo (1 bd) in Charlotte. Median home $319,400. Property tax 0.79%.

Compare vs Chicago Rank metros from CharlotteHow we figure this

Rent (1 bd): $1,322; /mo
Buy: $2,118; Mortgage, tax, insurance
Buying costs more: $796; /mo

State tax and rent

To buy

20% down payment$63,880
Mortgage at 6.5%$1,615
Property tax (0.79% of value)$210/mo · $2,523/yr
Insurance and upkeep$293
Monthly total$2,118

45% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,578 left each month. About 25 months (2.1 years) to save $63,880.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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