2021 Housing Market Overview
Charlotte Real Estate Market 2021
Charlotte Real Estate Market Overview
Metro Population: 2.5 M
Median Household Income:$60,000
Median Home Price*:$249,275
Median Monthly Rent*:$1,502
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.
Charlotte Housing Market Trends 2021
Charlotte Real Estate Market Trends & Forecast 2021In this section, you’ll learn about the top factors that make Charlotte one of the strongest real estate markets today, including rapid population growth and strong equity growth and 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!
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