Charlotte Real Estate Market 2021: Housing Forecast & Predictions

2021 Housing Market Overview

Charlotte Real Estate Market 2021

Charlotte Real Estate Market Overview

Metro Population: 2.5 M

Median Household Income:$60,000

Unemployment Rate:8.1%

Median Home Price*:$249,275

Median Monthly Rent*:$1,502

Should You Buy Rental Property in the Charlotte Real Estate Market in 2021?

Charlotte, the largest and fastest-growing city in North Carolina, has a metro population of around 2.5 million. In recent years, there’s been an uptick of Millennials moving to the Charlotte area. The major reasons young professionals are attracted to Charlotte is because it’s affordable, has job opportunities, is tax-friendly, and has a huge single population.

Charlotte has a diverse economy with key industries in finance, health care and technology. Some of the biggest companies in the Charlotte area are Bank of America, Wells Fargo, Lowe’s Brighthouse Financial, Atrium Health and Duke Energy.

While COVID-19 has caused a 5% drop in jobs in the Charlotte metro, faring 14% better than the rest of the U.S. Charlotte’s job market and economy has started to recover over the last few months and should continue in that direction.

Charlotte’s rapidly growing population, affordability and job growth has brought huge demand for affordable housing. This makes Charlotte’s real estate market one of the more exciting places to invest in the country right now.

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Major Employers

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Property Teams

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Sample properties

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