Housing Report for Charlotte-Gastonia-Concord
In Charlotte-Gastonia-Concord, the U.S. Census Bureau, Population Division accounted for a total of 654,749 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding a sum of 79,345 residential structures since 2001, a change of 13.8 percent.
Looking across the State of North Carolina, Charlotte-Gastonia-Concord ranks 3 of the 14 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 22 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.
The residential real estate values in Charlotte-Gastonia-Concord, North Carolina have experienced moderate increases since their reported values in 2000. The values have increased by $27,600, or 22.4 percent, since 2000 when their medians were reported to be $123,300.
Charlotte-Gastonia-Concord recorded a median home value in 2005 of $150,900, according to the American Community Survey. This home value is greater than the overall North Carolina 2005 home value of $127,600 and less than median home value of $167,500 for the rest of the nation in that year.
According to the data, there is a fair amount of real estate that is affordable in Charlotte-Gastonia-Concord, North Carolina. In 2005, 35.9 percent of the homes were valued under $125,000.
Charlotte-Gastonia-Concord may be described as having a relatively high percentage of high-priced residential real estate. For the year 2005, the American Community Survey counted that 5.6 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
Looking across the State of North Carolina, Charlotte-Gastonia-Concord ranks 3 of the 14 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 22 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.
The residential real estate values in Charlotte-Gastonia-Concord, North Carolina have experienced moderate increases since their reported values in 2000. The values have increased by $27,600, or 22.4 percent, since 2000 when their medians were reported to be $123,300.
Charlotte-Gastonia-Concord recorded a median home value in 2005 of $150,900, according to the American Community Survey. This home value is greater than the overall North Carolina 2005 home value of $127,600 and less than median home value of $167,500 for the rest of the nation in that year.
According to the data, there is a fair amount of real estate that is affordable in Charlotte-Gastonia-Concord, North Carolina. In 2005, 35.9 percent of the homes were valued under $125,000.
Charlotte-Gastonia-Concord may be described as having a relatively high percentage of high-priced residential real estate. For the year 2005, the American Community Survey counted that 5.6 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
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