Area Insights of 28203, Charlotte, NC

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 2%, reflecting steady buyer interest. A total of 260 homes were sold with 52 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

28203, Charlotte, NC

Date

03-15-2023

Price Ratio

101%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Charlotte Montessori School

PK to KG

Middle School

Marie G. Davis IB World School K-8

KG to 8

Ratings

C-

High School

No schools available

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Stay ahead with insights on population dynamics, income levels and employment patterns. These data points are key indicators of demand and future growth.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 42% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (17,167)
8,494 Male
8,673 Female
Education
7% High School
5% Associate
48% Bachelor
31% Graduate
Age

Average Age is 32 Years

Household Details

The area's household landscape is diverse, with 29% owner-occupied homes and 71% renter-occupied properties. Family households represent 24% of the population, indicating a strong community focus on family living. The average home value stands at $919,985, which suggests ample demand for multi-bedroom properties.

Total Households
9,852
Average home value
$919,985
Owned
29%
Rented
71%
Vacant
11%
Families
24%
Married
20%
With children
10%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 4% Asian, 10% Black, and 0% Native residents, alongside 77% White and 5% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 48% of households earning over $100,000 annually, while 33% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
10%
Professional
21%
Education
4%
Services
35%
Labor
12%
Retail
9%
Other
7%