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Informational News Blog by Angie Adams. I'd appreciate your Comments!

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Homes are affordable in Charlotte

12/03/06. A national survey showed that almost two-thirds of new and existing homes sold in the Charlotte area during the third quarter were affordable for families earning the area's median income.

The Housing Opportunity Index is compiled by Wells Fargo and the National Association of Home Builders. Nationally, 40.4 percent of new and existing homes sold during the three months were affordable to families earning the median U.S. income of $59,600, according to the NAHB President who is Statesville Builder.

The affordability index for the Charlotte-Gastonia-Concord metro area was 63.6. The median price here was $175,000, and the median family income was $64,400. That ranked 56th nationally.

Published Sunday, December 03, 2006 5:45 PM by Angie Adams NC/SC REALTOR® Broker

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