Market Overview
Home Prices in Charlotte, IA
The median home value in Charlotte, IA is $271,703 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.5% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Charlotte are priced34% below average. Charlotte is part of the Clinton, IA metro area.
Over the past five years, Charlotte home values have risen by approximately37.9%, reflecting strong long-term appreciation in this market.
Price History
Charlotte Home Price Trend
City Comparison
Charlotte vs. National Median
At $271,703, homes in Charlotte cost 34% below the national median of $410,000. This makes Charlotte a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Charlotte?
20% Down Payment
$54,341
on $271,703
Monthly P&I
$1,417/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,800/mo
incl. taxes & insurance
Income Needed
$72,000
gross annual (30% rule)
10% Down Option
$27,170
+ PMI applies
Loan Amount (20% dn)
$217,362
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Charlotte, IA?
The median home value in Charlotte is $271,703 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.5% year-over-year.
How much have home prices changed in Charlotte?
Over the past year, home values in Charlotte have increased by 10.5%. Over five years, prices have risen approximately 37.9%.
How much do I need to earn to buy a home in Charlotte?
To comfortably afford the median home price of $271,703 with a 20% down payment ($54,341) at today's rates (6.8%), you'd need a gross annual income of approximately $72,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Charlotte compare to the national average home price?
The national median home value is approximately $410,000. At $271,703, homes in Charlotte are 34% below the national average.
What metro area is Charlotte part of?
Charlotte is part of the Clinton, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.