Homes For Sale In Charlotte, NC
Homes For Sale In Charlotte, NC
Based on information submitted to the MLS GRID as of 2021. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Canopy MLS data last updated at June 19, 2021 11:22 PM ET
Charlotte, NC – Here We Grow Again!
Charlotte is now the 15th most populous city in the United States, surpassing San Francisco, newly released census estimates show.
Charlotte’s population jumped two spots on that list in the past decade. The city’s population increased by 19.9% — from 731,400 in 2010 to 885,700 as of last July. With the increase during that time, Charlotte surpassed Indianapolis and San Francisco. It passed San Francisco between 2018 and 2019, data show.
The data is further evidence of the Sunbelt migration that has driven people to Charlotte from the Northeast and West.
That population boom has contributed to the city’s building frenzy, as thousands of apartments crop up to house new residents. Homes for sale in Charlotte, NC area’s such as The River District, and Lake Wylie homes have helped spur this growth. North Carolina’s economy has driven much of that growth but the influx of people is also a challenge for local leaders to keep up with.
Charlotte’s growth rate was the fifth largest among all U.S. cities of at least 500,000 people. Only Seattle; Fort Worth, Texas; Austin, Texas and Denver grew faster.
Charlotte’s growth used to be caused by annexation. But in the past decade, the city’s borders haven’t changed much. Instead, the city is becoming more dense, with new homes being built along South Boulevard and the light rail.
COVID-19 IMPACT ON CHARLOTTE’S GROWTH
The data is still an estimate, but the 2020 Census information being collected could help with the recovery efforts by showing the characteristics of communities that are the most impacted by the virus.
The coronavirus and the shift to remote work could also have a lasting impact on growth patterns in Charlotte and other cities. For example, if people are able to telework, they may choose to live further outside of the city center, where it is cheaper.
But because Charlotte is less dense, it could have an advantage over cities like New York. I wouldn’t write off city living yet. There are a lot of advantages for companies and people being in dense environments. But there is the public health factor now.
CHARLOTTE, NC QUICK FACTS
- Current weather forecast for Charlotte
- NC Population in 2017: 859,035 (100% urban, 0% rural).
- Population change since 2000: +58.8%
- Males: 413,738 (48.2%) Females: 445,297 (51.8%)
- Charlotte Median resident age: 34.4 years – North Carolina median age: 38.8 years
- Estimated median household income in 2017: $61,350 (it was $46,975 in 2000)
- Estimated per capita income in 2017: $37,300 (it was $26,823 in 2000)
- Estimated median house or condo value in 2017: $215,500 (it was $131,500 in 2000)
- Mean prices in 2017: all housing units: $310,281; detached houses: $324,585; townhouses or other attached units: $215,292; in 2-unit structures: $899,504; in 3-to-4-unit structures: $188,673; in 5-or-more-unit structures: $267,730; mobile homes: $72,045
- Median gross rent in 2017: $1,088. March 2019 cost of living index in Charlotte: 92.4 (less than average, U.S. average is 100)