Where Are The Best Places To Live In Charlotte, North Carolina?
When looking for your best place to live or retire in Charlotte, you need to take into consideration what best fits your budget, lifestyle, and aspirations.
The housing market in the Charlotte area is definitely affected by the economic slowdown, but hasn’t been as hard hit as many other regions of the country and the cost of living remains below the national average (Charlotte 86.1 to US average 100).
The median sales price in popular places to move to like the “street car” suburbs on the south side of the city, Myers Park, Dilworth, Elizabeth, etc., run anywhere from $220,000 to almost $600,000 or more.
For a better deal and more “bang for your buck” when it comes to housing, you may want to consider communities a littler further out from the downtown area and even outside of Mecklenburg County.
For instance, in rural Monroe, NC just thirty minutes to the southeast of Charlotte, the median sales price of a three bedroom home is only around $120,000.
You’ll find similar deals in places like Kannapolis and Concord to the northeast of Charlotte and
Another somewhat more risky route is to look at housing in areas that are in transition, for instance, less developed areas on the edge of the city or even older industrially developed areas.
An example of this is the North of Davidson or NoDa neighborhood. What was only twenty years ago a depressed working class neighborhood filled with empty textile mills is now Charlotte’s “art district” filled with eclectic shops, art galleries, restaurants, and live music venues.
As cities expand outward these areas have a lot of potential but be sure to do your homework and definitely consult with a professional.
About the Author
Bob Bencivenga is a professional site locator and location anyalyst for major corporations and has been researching the growth of NC and SC to find those areas which are affordable. Visit his blog-The Carolina Report and signup free to get blog updates by email, along with free advice on how to relocate or retire in the Carolinas, additional resources, and a lot more! Go now to www.placesofvalue.com. Bob does not sell real estate.
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