Monday, July 7, 2008

Charlotte Demographics

Dear Rich,

Can you give us some of the basic demographics information for Charlotte. Everyone I have talked to recently has said that Charlotte is still strong and is one of the top places to move to, but I am wondering what you can tell me about the area.

Cindy -- Considering Charlotte

Dear Cindy,

I am happy to hear you are considering Charlotte. The Charlotte area is a beautiful place to live and work, and has become the new home to over more than 40% more people than just 20 years ago. The population of Charlotte and the surrounding area is over 650,000 people and growing daily. Also, the "Charlotte area" is growing--now including several new suburbs in both North and South Carolina.

The median household income per year in Charlotte is $55,439, and that has increased 60% in the last 20 years that Charlotte has seen it's big growth.

Home prices vary from area to area, but the median home price is $169,483 and the values continue to grow, despite the downturn. While we are not seeing as strong a gain in values as we were in the last few years, we are still considered a steady region. Charlotte is a good place to move--and it continues to be a good investment as well.

Charlotte is home to many wonderful restaurants of all kinds. within 15 miles of center city there are over 3,000 places to eat. Golf is very popular here, and it is not unusual to see someone on a golf course nearly every day of the year. We are fortunate to have mild winters and see only the occasional sprinkling of snow.

The best way to get to know the area is to come and visit. Spend some time in Center City, the University Area, Ballantyne, and then also go down to Waxhaw and Fort Mill. This is a diverse and growing part of the country, with lots to offer and a variety of places to call home.

Please let me know if you have any more questions we can answer for you about Charlotte!
- Rich Ferretti

information from OnBoard LLC

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