Charlotte, MI housing market
The typical Charlotte home is worth about $243,000, up 3.8% in a year, 9% below the Michigan typical home. Homes typically sell in 35 days, a little above asking.
Home values, sales, trends and how Charlotte compares with the towns next door — updated as new data is published.
Charlotte at a glance
A seller's market
Supply is tight — about 2.7 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Charlotte | Michigan |
|---|---|---|
| 2017 | $140,000 | $144,000 |
| 2018 | $149,000 | $155,000 |
| 2019 | $156,000 | $165,000 |
| 2020 | $170,000 | $175,000 |
| 2021 | $186,000 | $194,000 |
| 2022 | $198,000 | $217,000 |
| 2023 | $210,000 | $230,000 |
| 2024 | $221,000 | $241,000 |
| 2025 | $234,000 | $253,000 |
| 2026 | $239,000 | $262,000 |
| August 2026 | $243,000 | $266,000 |
No new homes permitted in 2022
No permits for new homes were issued in Charlotte in 2022. The last year with any was 2020 (3 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Charlotte gained 225 residents while 27 new homes were permitted: about 8.3 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 3 | 3 | 0 | $485,000 |
| 2019 | 3 | 3 | 0 | $485,000 |
| 2018 | 3 | 3 | 0 | $485,000 |
| 2017 | 3 | 3 | 0 | $485,000 |
| 2016 | 3 | 3 | 0 | $485,000 |
| 2015 | 3 | 3 | 0 | $485,000 |
| 2014 | 2 | 2 | 0 | $323,000 |
| 2013 | 2 | 2 | 0 | $323,000 |
| 2012 | 2 | 2 | 0 | $351,000 |
| 2011 | 5 | 5 | 0 | $501,000 |
| 2010 | 1 | 1 | 0 | $100,000 |
| 2009 | 1 | 1 | 0 | $100,000 |
| 2008 | 1 | 1 | 0 | $100,000 |
| 2007 | 24 | 24 | 0 | $1.2 million |
| 2006 | 29 | 5 | 24 | $2 million |
| 2005 | 27 | 27 | 0 | $3.3 million |
| 2004 | 47 | 47 | 0 | $4.8 million |
| 2003 | 79 | 29 | 50 | $4.5 million |
| 2002 | 25 | 21 | 4 | $2 million |
| 2001 | 50 | 30 | 20 | $2.9 million |
| 2000 | 46 | 42 | 4 | $2.5 million |
Charlotte's permit office didn't report to the Census in 2022, so the 2022 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Charlotte and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2022 | Median income |
|---|---|---|---|---|---|
| Charlotte | $243K | +3.8% | $1,100 | 0 | $62,681 |
| Eaton | — | +6.3%† | $1,120 | — | $97,398 |
| Carmel | — | +6.6%† | $1,100 | — | $95,083 |
† FHFA price index change, where Zillow has no home value for the town.
3.9 years of income
The typical Charlotte home costs about 3.9 years of the town's median household income, about the same as across Michigan (3.7).
How Charlotte ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,100
HUD's Fair Market Rent for a two-bedroom in Charlotte is $1,100 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Charlotte pay a median of $887, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $840 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48813; Battle Creek, MI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.