Since Q1 2020, home prices have risen 63.6% in the Atlanta metro and 73.7% in the Charlotte metro. The US rose 60.5% over the same quarters, so Atlanta has nearly kept pace with the US (+3.1 points) and Charlotte has outpaced the US by 13.2 points.
Measured against each other, Charlotte is 10.1 points ahead of Atlanta since Q1 2020. Over the four quarters to Q2 2026, home prices rose 1.0% in Atlanta and 1.5% in Charlotte, against +3.0% for the US.
Home prices and the 30-year mortgage rate
The average 30-year fixed mortgage rate was 3.5% in Q1 2020. It fell to 2.8% in Q4 2020 and stayed at or below its starting level through Q4 2021, then climbed to 7.3% in Q4 2023. It averaged 6.4% in Q2 2026.
From Q1 2020 to Q4 2021, while rates stayed low, home prices rose 15.1% a year in Atlanta and 16.0% in Charlotte. From Q4 2021 to Q2 2026, as rates climbed, they rose 5.6% a year in Atlanta and 6.7% in Charlotte. Both slowed after Q4 2021 by about the same amount, near 9.5 points a year. The US went from 13.1% a year to 5.9%.
| Q1 2020 to Q4 2021Rate 3.5% to 3.1% | +15.1% | +16.0% | +13.1% |
|---|---|---|---|
| Q4 2021 to Q2 2026Rate 3.1% to 6.4% | +5.6% | +6.7% | +5.9% |
| Four quarters to Q2 2026Rate 6.8% to 6.4% | +1.0% | +1.5% | +3.0% |
Compare any market
The explorer opens on Atlanta and Charlotte. Search for any state, metro area, county or ZIP code to draw the same comparison, with the mortgage rate underneath. For New York against Washington and every state, metro, county and ZIP code against the US, read DC and New York since the pandemic.
Using this chart
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How the numbers are built
Home prices come from the Federal Housing Finance Agency's all-transactions house price index, which tracks repeat sales and refinance appraisals on the same homes through mortgages bought or guaranteed by Fannie Mae and Freddie Mac. Because it follows the same homes, it measures price change on a steady basket, where a median sale price moves with the mix of homes that sold. FHFA splits the largest metro areas into smaller metro divisions, and where it does, this page uses the division that holds the city. The Atlanta line is FHFA's Atlanta-Sandy Springs-Roswell, GA metro division and the Charlotte line its Charlotte-Concord-Gastonia, NC-SC metro area. Figures are quarterly, nominal and not seasonally adjusted.
The mortgage rate is Freddie Mac's Primary Mortgage Market Survey average for a 30-year fixed-rate loan, a weekly series averaged over each quarter. Yearly paces are compound rates over each period. Data as of September 28, 2026.