Safe Rate Local

Charlotte

Learn about the people, housing, costs and businesses in Charlotte, Maine

Median Home$166,600
Median Rent$1,081/month
Population321
Leading IndustriesConstruction · Agriculture & Mining · Healthcare7% construction
Home Value Growth⬆⬆⬆+35.7% over 2 years
Retirees29% of residentstop 4% nationally
Homeowners89% of occupied units
NotableVeteran Community14% of residents · top 1% nationally
Charlotte
ME

Frequently Asked Questions

What are today's mortgage rates in Charlotte?

As of today, the 30-year fixed mortgage rate for Charlotte is approximately 6.940% (6.986% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Charlotte?

The median home value in Charlotte is $167k. The median monthly rent is $1,081. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Charlotte?

Home values in Charlotte have increased 35.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Charlotte?

Based on a typical all-in ownership cost of $670/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Charlotte is $55k/year.

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What industries drive the economy in Charlotte?

The largest employment sectors in Charlotte are public administration (25%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.