2023 Housing Market Overview
Charlotte Real Estate Market 2023
Charlotte Real Estate Market Overview
Metro Population: 3 M
Median Household Income:$65,000
Median Home Price*:$369,109
Median Monthly Rent*:$1,751
Charlotte is the largest city in North Carolina, and one of the fastest growing in the United States. With a population of over 800,000 people, it’s also the second-largest city in the Southeastern United States.
In recent years, the Charlotte metro area has seen considerable growth, with a 23.7 percent population increase from 2014-2025 expected to bring its population to 2.8 million people by 2025. In addition, 14 Fortune 500 companies will call Charlotte home by 2025—making it one of the most economically diverse cities in America.
Charlotte’s low cost of living when compared to salary has made it one of the best places to invest in real estate or start a business. Major companies headquartered in the area include Bank of America, Wells Fargo, Lowe’s Brighthouse Financial and Atrium Health.
Charlotte Housing Market Trends 2023
Charlotte has enjoyed a strong real estate market for more than a decade. And the city’s population is expected to grow nearly 50% from 2010 to 2030.
One of Charlotte’s most attractive features is the city’s relatively low cost of living compared to the national average. Charlotte has also seen strong equity growth in recent years, with over 120% increase in home values since 2014.
The following section describes the factors that make Charlotte one of the strongest real estate markets today. These include rapid population growth and strong equity growth, as well as rental growth. Click on the tabs above to learn more (on desktop). If you’re viewing this page on your mobile device, keep scrolling for more information!
- One of the 10 best cities for house flipping - BobVila
- Toyota expanding North Carolina battery plant - Bizjournals
- Corporate investors buying up properties across Mecklenburg County - WBTV
- Fastest growing investor buying market - Forbes
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