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Charlotte Real Estate Market Overview

Average Monthly Rent:

$1,187

Percentage Change in Home Price/Value:

6.70%

Median Home Value:

$226,100

Best Time To Sell Home:

June

Affordability Index:

160.5

Days To Sell House:

56.833

Job Market:

Strong

Public School Ranking:

31

Location and Weather

Charlotte is in southwestern North Carolina’s Piedmont region and is 85 miles south and east of the beautiful Appalachian Mountains. The mountains serve to shelter Charlotte from the northern climate, so the winters are moderate. In the summer the days are warm with cool nights.

Population, Job Market and Cost of Living

As the 3rd fastest growing city in the U.S., Charlotte’s population is predicted to grow by 47% from 2010 to 2030 growing from 1.87 million to about 2.74 million in 20 years. Currently the population is 2.4 million. Much of the growth in the region is due to a migration to the South for a lower cost of living and milder climate. Immigration has also been a part of the population growth giving the city a richly diverse culture.

Contributing to Charlotte’s growth is its position as a major commerce center and the second-largest banking center in the country with corporate headquarters for Bank of American and Wells Fargo’s East Coast headquarters. Public and private investment are also major factors of growth. And the low cost of living makes Charlotte an attractive place to live. Charlotte’s job growth from 2018 to 2019 increased by 2.6%

With a moderate climate, a beautiful location on the Eastern Seaboard, a good job market and a low cost of living, Charlotte will continue to attract newcomers who want the city life and outdoor living.

Hottest Neighborhoods:

Eastover, Commonwealth, Barclay Downs, Dilworth, Myers Park, Fourth Ward, Foxcroft, Plaza Midwood, Ballantyne East, Wessex Square.

Top iBuyers Companies in Charlotte

Local iBuyer Companies in Charlotte

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