HomeVestors Study Ranks Charlotte "1st, Top 10 Market for Real Estate Investment”. ULI ranked Charlotte “3rd, Top Real Estate Markets to Watch” Charlotte ranked “3rd, Top Moving Destinations” by United Van Lines
The Charlotte-Concord-Gastonia Metropolitan Statistical Area (MSA) is home to some 2.4 million residents with over 800,000 of them living within the City of Charlotte.
The Area has recorded the 4th fastest population growth in the nation over the past decade. Given the ample median-plus paying jobs provided by banking and business services and the recent pro-business legislation instituted by the newly elected Governor of North Carolina, conditions are primed to see continued job and population growth. Additionally, Charlotte’s tight labor market is supporting wage growth which is in turn driving demand for housing.
Meanwhile, the housing market continues to remain in a state of undersupply. A recent report, dated May 2016, revealed housing starts were up 12.3% YoY with the greatest opportunity for growth coming from the pool of price-sensitive buyers between the $150,000-$200,000 price range where inventory for hew homes currently stands at a record low of 4.9 months.
Charlotte has been attracting many young adults due to its strong employment opportunities with highly influential Fortune 500 companies and its growing startup culture. Charlotte is the official home of Bank of America, Duke Energy and over 50 companies on the Inc. List 5000 (including 7 Fortune 500 companies). The area is known to be the place for entrepreneurs to build and grow in a healthy start-up environment. In 2014, Charlotte was named first in the most entrepreneurial city by Global Trade Magazine. Together with having a strong foundation of large stable companies with a rapidly growing start-up businesses, the area will continue to attract a high proportion of Millennials seeking rental properties.
Population Growth 2014 to 2015
07 2014-07 2015
Population Growth 2010 to 2015
07 2010-07 2015
Per Capita Personal Income
Median Home Price
Annual Median Home Price Growth
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