Which Charlotte Neighborhoods Have Skyrocketing Real Estate Values

Charlotte North Carolina Homes

Real estate in Charlotte NC has been positively forecasted for 2017!

In fact, Charlotte is one of the most sought after markets today. Growth and development are expected to continue at their rapid pace.

The combination of affordability, high quality of living, and an educated workforce has made Charlotte’s real estate truly promising.

Homes across the city have fully recovered from the Great Recession. Moreover, ten neighborhoods have seen their home values increase by more than 20 percent in just the past year.

The top four neighborhoods are found around Plaza Midwood and  West Charlotte is also well-represented. In these neighborhoods, you will find renovated Charlotte homes for sale at higher prices and older homes and lots for lower prices.

 

Here are the top 10 neighborhoods in Charlotte which are expected to shoot up in value:

 

1. Oak Forest

Oak Forest is a neighborhood that has a young population. Many of the residents here are young professionals. Oak Forest offers many rental opportunities for those who are still saving to buy their first home.

Year-over-year growth: 29%

Median value: $108,300

 

2. Shannon Park

Shannon Park is a peaceful neighborhood with  picturesque wide sidewalks and tree-lined driveways. This place gives off a quaint elegant feel because most of the homes in the area were built using bricks.

Year-over-year growth: 28%

Median value: $113,300

 

3. Belmont

There are many lovely styles of bungalow homes to choose from in the neighborhood of Belmont. In addition, the homes in the area feature lovely hardwood flooring. Public transportation in Belmont is also excellent.

Year-over-year growth: 28%

Median value: $128,000

 

4. Plaza-Shamrock

This neighborhood is perfect for those who  like cozy, bungalow-style homes. You can look forward to enjoying a cozy night with your family by the fire in the various homes in this area which feature real fireplaces.

Plaza-Shamrock also has a transit system that is clean, fast and efficient, making it very convenient for out-of-town visitors and residents to get around.

Year-over-year growth: 28%

Median value: $154,000

 

5) Montclaire South

Montclaire South is a peaceful neighborhood with a high number of the younger generation living in the area. Some of the residential properties in Montclaire South are ranch-style homes, which were built some time ago but still make great starter homes for young people.

Year-over-year growth: 24%

Median value: $109,200

 

6) Yorkmount

Yorkmount is another neighborhood in Charlotte with aggressively growing home values. Beautiful ranch style homes are common in the area.

Year-over-year growth: 22%

Median value: $117,500

 

7) Thomasboro-Hoskins

Thomasboro-Hoskins is a peaceful neighborhood located in Charlotte, North Carolina. Polished wood floors are common in homes around here.

Year-over-year growth: 22%

Median value: $78,600

 

8) Oaklawn

Oaklawn is a neighborhood that boasts of a clean, fast, and efficient transit system. Out-of-town visitors and residents will have no trouble getting around Oaklawn. Many residents of this area are nature lovers who prefer to commute by bike on their cyclist-friendly roadways.

Year-over-year growth: 21%

Median value: $83,800

 

 

9) Lincoln Heights

Lincoln Heights is located near an amazing transportation system that will allow you to get around with no trouble at all.

Year-over-year growth: 21%

Median value: $84,100

 

10) Ashley Park

Homes in Ashley Park are installed with  rich, textured hardwood floors. Landscaped yards are also  a common feature of the homes here.

Year-over-year growth: 20%

Median value: $91,400

 

Looking for a home for sale in Charlotte? With its attractive real estate market, you will have many properties and neighborhoods to choose from.

Call me, Nancy Braun, at (704) 997-3794. With my many years of experience as Charlotte’s top real estate agent, I can help you find your real estate dream property.

 

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