Why Live in Charlotte
Charlotte combines Southern heritage with modern attractions, from the NASCAR Hall of Fame to the U.S. National Whitewater Center's outdoor adventures. Cultural destinations include the Mint Museum, North Carolina's oldest art museum, and the Bechtler Museum of Modern Art's mid-20th century collection. The dining scene features standout restaurants like Fin & Fino, known for its sustainable seafood, and Leah & Louise's modern Southern cuisine. Residents enjoy green spaces at Freedom Park, which features a lake and trails, and the peaceful Wing Haven Garden and Bird Sanctuary.
The Charlotte housing market presents diverse options across its neighborhoods. The median sale price for homes in Charlotte is $420,100. Single family homes in upscale Myers Park command a median price of $1,987,500, while Dilworth's historic district shows a median price of $1,225,000. South End features condos with median prices of $397,700 for one bedroom units and $630,000 for two bedrooms.
Charlotte's cost of living sits 1% below the national average. A family with children ages 6 to 17 needs an annual income of $104,000 to live comfortably, while renters should aim for $58,000. Property taxes in Mecklenburg County maintain a 0.75% effective rate. The combined sales tax rate is 7.00%.
The city's public transportation system includes the LYNX Blue Line light rail connecting UNC Charlotte through Uptown to South Charlotte. Top rated schools include public Ardrey Kell High School and private institutions like Charlotte Country Day School. Major employers include banking institutions, as Charlotte ranks as the second largest banking center in the United States. Charlotte Douglas International Airport serves as a major American Airlines hub, providing extensive flight connections.
Home Trends in Charlotte, NC
On average, homes in Charlotte, NC sell after 44 days on the market compared to the national average of 50 days. The median sale price for homes in Charlotte, NC over the last 12 months is $420,021, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$420,021
Median Single Family Sale Price
$465,000
Median Townhouse Sale Price
$389,990
Median 2 Bedroom Sale Price
$296,500
Median 1 Bedroom Sale Price
$285,101
Average Price Per Sq Ft
$272
Number of Homes for Sale
3,458
Last 12 months Home Sales
12,248
Median List Price
$439,990
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
1%