CHARLOTTE

AT A GLANCE

METRO POPULATION

MEDIAN HOME PRICE

2.4 MILLION

$214,000

UNEMPLOYMENT RATE

AVERAGE HIGH/LOW TEMPS

3.6%

70.9ºF/48.7ºF

MEDIAN MONTHLY RENT

AVERAGE ANNUAL SALARY

$935

$50,000

Information from realestate.usnews.com

MARKET HIGHLIGHTS

WHY INVEST IN CHARLOTTE

Known for its financial services and distribution, Charlotte is home to 7 Fortune 500 companies and 10 Fortune 1000 companies. Bank of America, Lowe’s and Duke Energy are a few located here. Charlotte draws in close to 100,000 new people every year, making it the largest metropolitan area between Atlanta and Washington, D.C. With a projected 23.7% increase in population from 2014-2025, the area will soon hold a total of 2.8 million people. The region is expected to be home to 14 Fortune 500 companies by 2025. The expansion of technology companies and low cost of living leaves Charlotte as solid buy for investors and is ranked #6 for lowest cost of living, compared to salary, out of all the tech hubs in the U.S.

Expected growth rate of each individual sector from 2015 to 2025:

  • 43% in Health Care and Social Services

  • 28% in Finance & Insurance

  • 25% in Professional & Technical Services

 

MARKET HIGHLIGHTS

  • 3rd best real estate market in the U.S. in 2017, with some of the top public school systems in the country

  • Projected to be home to fourteen Fortune 500 companies by 2025

  • Charlotte’s population grew 15.1% in 2016, more than double the state rate

  • Corporate Fortune 500 headquarters for the following: Bank of America, Lowe’s, Duke Energy, Nucor, Family Dollar Stores, Sonic Automotive, Domtar

  • Jobs are expected to increase 25% from 2015 to 2025

  • Ranked #6 for lowest cost of living out of the United States tech hubs

  • More than 100 distribution centers and more than 300+ trucking companies

  • Charlotte was ranked the 3rd best real estate market in the U.S. for 2017

  • One of the few southeastern cities with an extensive public transit system

SAMPLE PROPERTIES

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712 Cherry Hills Place

Built in 2018, 2633 square feet, 4 bedrooms, 2 bathrooms.

Purchase Price

$295,900

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1222 Oak Haven

Built in 2018, 1735 square feet, 4 bedrooms, 2.5 bathroom

Purchase Price

$209,900

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1206 Oak Haven

Built in 2018, 1735 square feet, 4 bedrooms, 2.5 bathrooms.

Purchase Price

$209,900