The State of Housing in Charlotte Report

The 2021 State of Housing in Charlotte Report

 

This is the third annual State of Housing in Charlotte Report issued by the Childress Klein Center for Real Estate (CKCRE). This report aims to provide a comprehensive overview of the state of housing in Charlotte and the surrounding area and to examine how the markets have changed in the year since the first report was written.

This report seeks to provide a complete overview of what happened in the region during the COVID-19 pandemic, which CKCRE considers to be from January 2020 to September 2021. CKCRE tries to provide a long-term view of the dynamics of the housing market over the last two decades, that is, from 2001 to 2020. 

Summit Presentation & Industry Panel

 

 

Past State of Housing Reports

On October 30, 2020, the Childress Klein Center for Real Estate hosted the Second Annual State of Charlotte Housing Summit. This virtual event featured a presentation of the State of Housing in Charlotte report by Dr. Yongqiang Chu, director of CKCRE. The summit was followed by two panel discussions on owner-occupied and rental housing markets and featured Charlotte real estate experts.

 

View the slide deck 

 

 
Dr. Richard Buttimer, then director of the Childress Klein Center for Real Estate, led the inaugural summit on the State of Housing in Charlotte on February 21, 2019. The first report included a comprehensive inventory of housing stock, an analysis of housing affordability across all income levels and a higher-level comparison of the Charlotte regional housing market. Two panel discussions and a networking reception followed the presentation.

 

 

The Belk College of Business and Childress Klein Center for Real Estate would like to gratefully acknowledge our resource and data partners, whose generous support has allowed us to bring this crucial research to the Charlotte community.

 

 

 

Media Contact

For media related inquries, please contact UNC Charlotte Media Relations at mediarelations@uncc.edu or 980-286-7144.

In the News

You need to make $79k to afford the median-priced Charlotte house

Axios Charlotte
   November 18, 2021

Increasing demand and a supply crunch led to record rent and home price growth during COVID-19, a new UNC Charlotte study found.

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What salary do you need in Charlotte to afford a home?

The Charlotte Observer
   November 17, 2021

Affording a home is slipping further and further out of reach for many prospective buyers in the Charlotte area. In fact, you’d need to earn nearly $80,000 to afford a home sold in 2020 at the median price in the Charlotte region. These findings were presented Wednesday in the 2021 State of Housing report from UNC Charlotte’s Childress Klein Center for Real Estate.

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30-story apartment tower to be built on site of Price's Chicken Coop

WCNC Charlotte
   November 17, 2021

The announcement of the new luxury tower came as the UNC Charlotte's Childress Klein Center for Real Estate released its 2021 State of Housing In Charlotte report. Yongqiang Chu, the report's principal author, said the city’s seeing a surge in growth, but a shortage of housing, which is leading to a rapid rise in prices.

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What Zillow quitting the home-buying business means for Charlotte’s real estate market

The Charlotte Observer
   November 16, 2021

Charlotte has one of the hottest real estate markets in the country, but one national home-buying company is getting out of the game.

Read more at: https://www.charlotteobserver.com/news/business/development/article255710321.html#storylink=cpy

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A boom, but not a bubble? A closer look at the Triangle’s rising housing prices

CBS 17, Raleigh/Durham
   May 26, 2021

The rapid rise in housing prices doesn’t necessarily mean there’s a bubble that’s about to burst, said Dr. Yongqiang Chu, a professor in the Belk College of Business at UNC Charlotte.

Read More