I recently graduated from UNC Charlotte and would like to stay in the University area. I have a new job near center city, and right now I am staying in an apartment, but my lease is up at the end of September.
I would like to buy a home with my fiancée, and will be looking to move in October. I have been living here in Charlotte for almost 3 years, but with school and all, I am not sure if this is a good spot to settle down. I have been on campus much of my time here in Charlotte, but I love the area, and think it would be a great place to settle down. Can you tell me what the market is like in the University area?
Rob W. UNC Charlotte
Dear Rob –
Congrats on finishing up at UNC. That is quite an accomplishment, and we are very happy to hear that you would like to stay in the Charlotte area after school.
Northeast Charlotte is a growing and popular area of Charlotte--and definetly a place a lot of young people are settling down. Like most areas of Charlotte, the market has remained steady through the economic turndown.
To give you a little background: University City and northeast Charlotte are no longer defined by city limits. Charlotte, Concord, Harrisburg and Huntersville have become one big greater metropolis, with residents moving easily from one to the next. As Charlotte has grown, the best of the neighborhoods have enlarged and are thriving. Filled with new shopping centers and office buildings, this part of Charlotte brings in an estimated $8.4 billion economic impact on the 7-county region. So it is a heavy-hitter when it comes to its contribution to North Carolina.
As you know, University City, is in the northeast portion of Mecklenburg County, and is centered around UNC Charlotte. UNC Charlotte has 21,000 students, and the area has become a popular location for living (expected to reach 162,000 by 2010) and business, (home to more than 65,000 jobs). The annual median household income for the University City area is $71,415, which is greater than the median incomes for Mecklenburg or Cabarrus counties. University City is a relatively affluent area, and fun place to live. There is always plenty to do, and it is an absolutely beautiful part of Charlotte.
Your next step would be to see what your budget is like. The University area does have homes in a variety of price ranges, but it is important to pin-point what you can pay. Then you will need to check out particular neighborhood that you like. A drive around is a good start—and keep in mind things like access to shopping, green-space, commute time, etc. Then we can start looking at what is available in your price-range in the right neighborhoods.
Congratulation and I look forward to the chance to work with you to find the right home in the University area of Charlotte.
Please give my office a call at: 704-564-0807.
Rich Ferretti
Charlotte, NC
Want more information about the Charlotte area real estate market? Check out www.richferretti.com
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