Charlotte faces a shortfall of 34,000 affordable housing units, totaling over $3 billion. The city's primary challenge lies in rental housing, rather than homes for sale. Additionally, Charlotte ranks last among the 50 largest U.S. cities for upward mobility. The percentage of homes sold for less than $150,000 dropped from 45% in 2010 to just 4% in 2022. In 2022, a household needs to earn 140% of the Area Median Income (AMI) to afford a median-priced home ($300K).