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Charlotte real estate market overview
- Average Monthly Rent: $1,632
- Home Price/Value Percentage Change: 3.30%
- Median Home Value: $375,263
- Best Time To Sell a Home: June
- Affordability Index: Moderate
- Days To Sell a House: 51
- Job Market: Fair
- Public School Ranking: 29
Location and weather
Charlotte is the most populous city in North Carolina and is located in the south-central region of North Carolina. Also known as the "Queen City", Charlotte lies just east of the Catawba River and is encompassed by a variety of parks and greenery found around the city. Charlotte is well-known for its many sport and entertainment facilities, as well as stunning skyscrapers. It currently has a reputation for being one of the best cities to live in within the state of North Carolina. Amongst its many great restaurants, lively nightlife, and flourishing economy, Charlotte continues to maintain its great reputation.
Charlotte's humid, subtropical climate consists of mild winters and hot, humid summers. July is the warmest month of the year, with daily temperatures reaching 90 degrees.
Population, job market and cost of living
Charlotte has a population of 917,527, with a growth rate of 4.91% annually.
The job market has decreased by -5.58% over the last year. In ten years, job growth is predicted to be 45.19%. Glassdoor recently ranked Charlotte as the 24th best place to find employment. Whether working in banking, human resources, health care, social work, or technology, new residents are sure to find a job quickly. Part of the reason this city has grown so quickly is due to the increase in job opportunity. Companies such as Bank of America, Wells Fargo, Amazon, and American Airlines are some of the largest companies located here.
Cost of living in this city is just lower than the US average, but is higher compared to other North Carolina cities considering the employment, recreation, and high quality of life offered.
Charlotte real estate market details
- Eastover
- Uptown
- Ballantyne
- Matthews
- Plaza-Midwood
- Myers Park
- South Park
The average monthly rent in Charlotte is $1,632 for an average apartment size of 943 sq. feet.
There has been a 3.3% increase in median home value over the last year. As of 2023, the median home value is $375,263.
On average, homes in Charlotte sell after 51 days on the market.
June has proven to be the best time for sellers interested in earning the most value for their home, while August proves to be the month best fit for a quick sale.
The affordability index in Charlotte is 100. This number indicates moderate affordability in this city.
The top ranked public schools are Bain Elementary, Pioneer Springs Community School, Jay M Robinson Middle, South Charlotte Middle, Ardrey Kell High and Harper Middle College High. This information is dependent on data measuring academic performance and equity.