HPI (2025)FHFA
284
Metro Series · South · Rank #22
Home Price History in Charlotte
FHFA all-transactions House Price Index for the Charlotte-Concord-Gastonia, NC-SC metropolitan statistical area — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+2.5%
5-yr changeFHFA
+62%
Since 2000FHFA
+184%
Charlotte's housing market has been quietly one of the most stable major-metro performers. The 2007–2011 drawdown was -10% — milder than the national average. Post-2012 appreciation has been steady; the 2020–2024 surge has been pronounced but not extreme. Charlotte's banking-finance employment anchor has created less volatility than the regional Sunbelt average.
The 2007–2011 housing crisis cut the Charlotte HPI by 16.1% peak-to-trough — from 133.4 in 2008 to 111.8 in 2012. For context, the U.S. national HPI fell roughly 24% over the same period, so Charlotte was meaningfully less affected than the national average.
The pandemic-era surge brought the Charlotte HPI from 167.9 in 2019 to 284.3 in 2025 — a cumulative +69.3% move in 6 years. Compared to the U.S. national HPI's roughly 50% gain over the same period, Charlotte appreciated noticeably faster the national rate.
Located in the South region of the United States, Charlotte is one of the 100 largest U.S. metropolitan statistical areas by population. Long-run housing appreciation in Charlotte reflects a combination of regional employment trends, in-migration patterns, and local supply constraints. The full year-by-year FHFA HPI for Charlotte is in the data table below.
To compare Charlotte to the national U.S. housing market, see the national median price history dashboard. Other metros in the South region: see the full metro index. For state-level data, see the state index.
Annual data — Charlotte
FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.
| Year | HPI (2000=100) | YoY change |
|---|---|---|
| 2025 | 284.27 | +2.48% |
| 2024 | 277.38 | +4.79% |
| 2023 | 264.70 | +8.29% |
| 2022 | 244.43 | +21.78% |
| 2021 | 200.72 | +14.18% |
| 2020 | 175.79 | +4.72% |
| 2019 | 167.87 | +6.01% |
| 2018 | 158.35 | +7.99% |
| 2017 | 146.64 | +7.52% |
| 2016 | 136.38 | +6.61% |
| 2015 | 127.93 | +5.58% |
| 2014 | 121.17 | +5.33% |
| 2013 | 115.04 | +2.85% |
| 2012 | 111.85 | -2.29% |
| 2011 | 114.47 | -4.38% |
| 2010 | 119.71 | -7.21% |
| 2009 | 129.01 | -3.28% |
| 2008 | 133.38 | +2.14% |
| 2007 | 130.59 | +6.47% |
| 2006 | 122.66 | +6.77% |
| 2005 | 114.88 | +4.50% |
| 2004 | 109.93 | +2.28% |
| 2003 | 107.48 | +1.27% |
| 2002 | 106.13 | +1.92% |
| 2001 | 104.13 | +4.13% |
| 2000 | 100.00 | +4.33% |
| 1999 | 95.85 | +3.86% |
| 1998 | 92.29 | +4.29% |
| 1997 | 88.49 | +5.36% |
| 1996 | 83.99 | +5.04% |
| 1995 | 79.96 | +5.57% |
| 1994 | 75.74 | +2.73% |
| 1993 | 73.73 | +1.50% |
| 1992 | 72.64 | +1.47% |
| 1991 | 71.59 | +1.75% |
| 1990 | 70.36 | +2.10% |
| 1989 | 68.91 | +4.63% |
| 1988 | 65.86 | +7.49% |
| 1987 | 61.27 | +6.65% |
| 1986 | 57.45 | +4.45% |
| 1985 | 55.00 | +5.40% |
| 1984 | 52.18 | +8.12% |
| 1983 | 48.26 | +4.01% |
| 1982 | 46.40 | +3.13% |
| 1981 | 44.99 | +4.90% |
| 1980 | 42.89 | +9.30% |
| 1979 | 39.24 | +10.63% |
| 1978 | 35.47 | +12.71% |
| 1977 | 31.47 | +7.41% |
| 1976 | 29.30 | +4.83% |
| 1975 | 27.95 | — |
Methodology
The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is calibrated to the South census region and rebased to 100 in the year 2000. Coverage begins in 1975 for Charlotte.