Don’t expect homes in Charlotte to become more affordable.
Why it matters: Affordable housing remains limited in Charlotte despite a rise in overall housing supply, UNC Charlotte’s new State of Housing in Charlotte 2025 report shows.
How it works: The report was published by the Childress Klein Center for Real Estate in UNC Charlotte’s Belk College of Business.
- It focuses on housing across eight counties in the Charlotte area: Mecklenburg, Cabarrus, Gaston, Iredell, Lincoln and Union counties in North Carolina, and Lancaster and York in South Carolina.
- The report examines owner-occupied, rental and subsidized housing.
Context: In 2024, the Charlotte metro added 28,951 housing units. This surpassed the 24,837 households the area gained over that period, creating a surplus of roughly 4,114 units.
- “We just saw a lot of construction over the last several years,” Yongqiang Chu, lead researcher and author of the report, tells Axios. “That’s good news.”
Yes, but: Chu expects construction delivery to significantly slow down over the next two to three years as developers remain cautious to move forward with new projects…