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Charlotte, MI

Full City Profile · Michigan · Eaton County County

3.1 /5.0
B Good
9,269 Population 1,437/sq mi density
$63,385 Median Income $28,059 per capita
$140,500 Home Value $230,370 Zillow
$779 Median Rent 26.6% income on rent
47°F Avg Temperature 260 sunny days/yr
308 Violent Crime/100K 1,926 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$63,385 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$140,500 home value, $779/mo rent
F
Safety
1.0 / 5.0
308 violent crimes/100K
C
Education
2.4 / 5.0
17.4% bachelor's degree or higher

Housing Overview

Median Home Value
$140,500
50% below
US avg: $281,900
Median Rent
$779/mo
33% below
US avg: $1,163/mo
Homeownership Rate
66.8%
2% above US avg (65.4%)
Total Housing Units
3,728
Median year built: 1962

Home Value by Source

Census Median
$140,500
Zillow (ZHVI)
$230,370
Median Sale Price
$215,000
Median List Price
$199,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

66.8%
Owner-Occupied
33.2%
Renter-Occupied
67%
33%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $779/mo

Market Indicators (Redfin)

Median Days on Market
70 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
6.7%
of listings with price reduction
Price Per Sq Ft
$135
Active Inventory
15
homes for sale

Affordability & Housing Stock

Rent Burden
26.6%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
66.8%

Complete Housing Data

Home Values

Census Median Value$140,500
Zillow Home Value (ZHVI)$230,370
Median Sale Price$215,000
Median List Price$199,900
Price Per Sq Ft$135

Rent

Census Median Rent$779
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market70
Sale-to-List Ratio1.0%
Price Drops6.7%
Homes Sold7
Active Inventory15
Price Per Sq Ft$135

Ownership & Stock

Owner-Occupied66.8%
Renter-Occupied33.2%
Homeownership Rate66.8%
Total Housing Units3,728
Median Year Built1962
Rent Burden26.6%