Charlotte is one of the most desirable real estate markets in America. This is due to a long-standing trend of investors and developers focusing on Sun Belt areas like Charlotte for their economic growth potential. According to the Charlotte Observer report, Charlotte is an 18-hour magnet. Its population growth and job market growth make it a popular destination for both businesses and people.
Charlotte, North Carolina is home to the largest population in North Carolina and the fastest growing metro area in the United States. It is because of its diverse economy and high quality of life that the housing market in Charlotte is so popular. Charlotte is home to some of the most popular pro-sports teams in the United States. It also has one the most pleasant year-round climates in America.
This article will discuss why Charlotte is worth investing in over the next year. Let’s first look at the factors that drive the Charlotte real estate market.
Population growth
Charlotte is one of the most rapidly-growing cities in America, with New Yorkers leading the pack in terms of new residents.
Fox 46 reports that the Charlotte metropolitan area is experiencing a steady increase in population each year. According to the most recent census, Charlotte’s population has increased by almost 20% in the last decade, which is more than twice the state’s growth rate.
Nearly 875,000 residents call Charlotte home, and more than 2.6 million live in the metro area. Charlotte and Mecklenburg County rank near top in U.S. population growth. There are many reasons that people and businesses are moving from other parts of the country to Charlotte.
Key Population Statistics:
Charlotte is home to over 2.6 million people and is the 23rd largest metro area in the United States.
According to the U.S. Census Bureau, Charlotte’s population has increased by 0.6% annually and 19.6% in the last ten years. Census Bureau.
Charlotte has seen a net increase in the population of more than 143,000 residents over the past decade.
The growth rate for Charlotte is 50%, while the region of Lancaster and suburban York are expected to grow at the fastest rates.
Seven Fortune 500 companies call the metro area home. It also houses the 2nd largest banking center in the country, after Wall Street. The job market in Charlotte is highly charged with high-tech, white collar and service- and distribution jobs. Concord, a suburban city in the Charlotte metropolitan area, was recently named one the 20 fastest-growing U.S. economies.
Employment Statistics:
The GDP in Charlotte has surpassed $184.8 billion and has grown by almost 65% over 10 years.
The employment rate in Charlotte has increased by 3.77% over the past year, while the median household incomes have increased by 6.98%.
According to the BLS April 2022, the Charlotte metropolitan area has a 3.2% unemployment rate.
The region of Charlotte added 75.491 jobs in the last 12 months. Transportation and warehousing saw the greatest growth, followed by finance, insurance and real estate.
Charlotte is expected to create nearly 137,000 jobs between now and 2028.
Charlotte has seen a rapid growth in technology jobs over the last five years. This makes Charlotte one of the most talented cities.
Charlotte is home seven Fortune 500 companies, including Honeywell, Nucor and Lowe’s as well as Sonic Automotive, Duke Energy, Sonic Automotive and Brighthouse Financial.
Other notable companies that are based in Charlotte include Compass Group USA’s Eastern Headquarters, Food Lion, Compass Group USA and Dixon Hughes Goodman. Albemarle Corporation is another chemical company.
Coca-Cola Bottling Co. has its headquarters here. It also has the second-largest Charlotte bottling plant.
Fluor, Piedmont Natural Gas and Siemens Energy are some of the major technology and energy companies that do business in Charlotte.
The University of North Carolina at Charlotte and Johnson & Wales University are just a few of many major colleges and universities in the Charlotte metropolitan area.
Charlotte’s residents hold 89.8% or more high school degrees, and 36.2% have a bachelor’s degree or advanced degree.
Interstate Highways I-85/77 intersect in the middle of Charlotte. They serve as major transportation and distribution routes to major American cities in the east, southeast and midwestern U.S.
Charlotte Douglas International Airport ( CLT) served nearly 50 million passengers in 2018 and handled close to 180,000 tons of cargo.
Charlotte is a major NASCAR center. The Blumenthal Performing Arts Center attracts top talent from all over the globe. Major professional sports teams such as the NFL Carolina Panthers or the NBA Charlotte Hornets call Charlotte home.
Real estate market
According to Realtor.com, home prices in Charlotte will rise by 5.6% by 2022 and sales volume by 9.9%. WalletHub ranked Charlotte as the best realty market in 2021, while Realtor.com ranked Charlotte the best Southeast housing market in 2021.
Key Market Statistics:
Zillow Home Value Index ( ZHVI), Charlotte, is $396 619 as of May 2022.
Charlotte’s home values have increased by 30% in the past year.
Charlotte’s home values have increased by 94% over the past five years.
Based on the latest report from Realtor.com (April 2022), the median list price for a Charlotte single-family home is $400,000
The median listing price per square footage for a Charlotte home is $223
The median number of days on the market is 35.
The median sold price for a Charlotte single-family home is $401,700.
The ratio of sale-to-list prices is more than 104%. This means that Charlotte homes are selling slightly higher than the asking price.
Myers Park, Charlotte’s most expensive neighborhood, has a median listing price $1.4 million.
Marshbrooke is the most affordable area to buy a house in Charlotte. The median listing price for a Charlotte home is $299,000.
Attractive renters’ market
It is becoming more difficult for younger buyers and those with lower incomes to buy a house. The influx in investors purchasing houses and making them rental properties in Charlotte makes it harder to get a house. In fact, Charlotte has been ranked as one of the most desirable markets for developers and real estate investors over the past several years due to its growing population and boom in high-tech jobs.
Key Market Statistics:
According to the most recent research by Zumper, Charlotte’s median rent is $1,900 per monthly for a 3-bedroom house.
Charlotte’s rents have gone up by 8% over the past year.
The average Charlotte rent has increased by 30% in the past three years.
The market’s 43% occupied housing units are occupied by renters in Charlotte.
Renters in Charlotte have the most affordable areas: Oaklawn, Reid Park, and Tyron Hills, where rents start at $975 per month.
The highest rent neighborhoods in Charlotte include Third Ward, Barclay Downs and Second Ward. Rents range from $3,911 to $5,293 per month.
Historical price changes and housing affordability
Renters can use a variety of metrics to assess the demand for Charlotte rental property, including historical price changes and affordability.
According to Freddie Mac’s monthly Home Price Index (FMHPI) report, home prices in the Charlotte-Concord-Gastonia MSA have grown by nearly 83% over the past five years:
April 2017 HPI: 153.6
April 2022 HPI 281.0
5-year change in home prices: 82.9%
One-year change in home prices: 27.3%
Monthly changes in home prices 2.2%
Kiplinger also publishes data about home price changes and affordability for the top 100 U.S. housing markets. Recent performance data for Charlotte’s real estate market include:
The Charlotte home price index has fallen 12.4% since the peak of last real estate cycle.
Charlotte’s home prices have increased by 77% since the bottom of the last real estate market cycle.
The Charlotte metro area’s housing affordability is rated 4/10, meaning it is among the most affordable areas to buy a home in the U.S.
Quality life
Charlotte is a great place to live, work, and play.
Mecklenburg County, where Charlotte is located, gave nearly a dozen reasons why Charlotte and North Carolina are booming during a recent economic updates presentation.
Stats on the Key Quality of Life:
The cheapest city in which to start a tech startup.
Top tech momentum market.
The metro area with the greatest growth in women-owned businesses
How do you begin your search? Roofstock has created a heatmap of Charlotte using our Neighborhood rating dynamic algorithm. This allows you to make informed investments by measuring school district quality and home values as well as employment rates and income levels.
Current trends in nursing show that the aging workforce is steadily but steadily improving inequality between two groups of nursing professionals: people of color and men. The 2020 National Nursing Workforce Survey revealed that the average age of registered nurses surveyed was 52 years, an increase from 51 in 2017. The largest age group in the profession is the 65-year-old and older nurses. They made up 19% of the RN workforce for 2020. This was an increase of 14.6% and 4.4% respectively in 2017. Also, the survey revealed that 9.4% of registered nurses are men, up from 9.1%, 8%, and 6.6% respectively in 2017.
The following information was revealed in the report (2017 statistics in parentheses).
80.6% White/Caucasian (down 80.8%).
7.2% Asian (down 7.5%)
6.7% Black/African American (up 6.2%)
2.3% Other (down compared to 2.9%)
2.1% Select more than one race (up from 1.7%)
0.5% American Indians or Alaska Natives (up from.4%).
0.4% Native Hawaiians or Pacific Islanders (down from.5%).
0.2% Middle East/North African (0.2% was the first survey to include this category in 2020).
Additionally, 5.6% of RN respondents self-identified as Hispanic/Latino/Latina, up from 5.3% in 2017.
Although men make up 9.4% of registered nurses in the United States, the survey revealed that 13.6% of all nurses of color are male, with 34.3% of those who identify themselves as Native Hawaiians or Pacific Islanders.
Studies show that there is more diversity in advanced practice registered nurses, such as family nurse practitioners and family nurse practitioners. This is especially true for male nurse practitioners and Black nurse practitioners. The BLS reported in 2013 that 8.2% of registered nurses were male, and 5.8% were Black. These percentages had risen to 12.6% male and 7.7% black by 2021.
· Writing your name is optional, and the answers you give in this survey will be treated as highly confidential whether you choose to write your name or not. We, however, request that you indicate the department where you work to enable us to get a more accurate understanding of the survey results.
· This survey is only meant to help the company help you improve your productivity and facilitate measures for further career development.
· Kindly answer all the questions in the survey as comprehensively as possible.
ii. In not more than 70 words, please write down your understanding of our company’s objectives in your own words.
iii. On a scale of 1 to 5, how well do you understand what role your work plays in fulfilling the overall company objectives?
iv. Do you think this company offers its staff an opportunity for career development within its ranks?
v. How often do you find the tasks assigned to you helpful to your career growth?
vi. All factors held constant, do you see yourself still working in the company for the next three years?
vii. On a scale of 1-5, how stressful is your job on a typical day?
viii. Do you consider the work of your typical daily tasks meaningful?
ix. Would you go for an all-weekend party with your team members? If you would, how much do you think you would enjoy it on a scale of 1-5? If you can’t, how intensely do you detest the idea on a scale of 1-5?
x. How seriously do your teammates take your suggestions about work?
xi. On a scale of 1-5, how supportive are your closest colleagues?
xii. How well equipped are you to do your work effectively? Do you know where to find the resources you need to get the job done?
xiii. On a scale of 1-5, how flawless is the flow of information in the company?
xiv. Do you feel you have a clear understanding of which person to approach if you encounter peculiar difficulties at work?
xv. Do you think your seniors value your work? Is your commitment to work rewarded?
xvi. Does the company help you enhance your skills through new experiences or training?
xvii. On a scale of 1-5, how motivated are you to go beyond the scope of your work to fulfill a task?
xviii. Do your supervisors and the management involve you when making leadership decisions?
xix. How strongly do you feel your job positively impacts humanity at large? On a scale of 1-5.
xx. Are you well equipped to handle customer complaints? About what percentage of customer issues can you handle comfortably?
xxi. In your opinion, how much does the company respect your time on a scale of 1-5?
xxii. Do you think the company respects your responsibilities to your family?
xxiii. Do you get feedback from your supervisor on your performance? If you do, how honest and respectful do you think they are with their feedback?
xxiv. Do you think company policies are applied fairly?
The data we get from a survey is unhelpful unless you analyze it, and the findings may be inaccurate if you don’t analyze them correctly. Analyzing can make the findings hard to read even when the analysis is correct. The people supposed to make decisions based on the analyzed data should be able to see and understand the findings at a glance; someone should have done all the hard work at the analysis stage.
How best to analyze survey data.
i.Consider the four measurement levels.
There are four measurement levels for survey questions. They determine how particular types of survey questions should be measured and the statistical methods used. The levels are as follows with brief explanations.
– Nominal Scale
This is the level at which data without quantitative value is analyzed. Questions like, do you like your job? You can only have one of two answers, ‘Yes’ or ‘No.’ The only analysis you can do with such data is to count the number of times a response appears and then record the one that appears the most. You can present the outcome in percentages or even graphically, but it is all counting.
– Ordinal Scale
This scale works when the survey data is presented quantitative value where one value is greater than the other. Questions that start with ‘On a scale of 1-5…’ fall under this scale. For such questions, you can find the median, mean, mode, etc.
– Interval Scale
An Interval Scale can show both differences between values and the order in which they occur. However, this kind of data has no zero point, and you can find mode, median, and mean and still analyze any notable trends using available tools.
– Ratio Scale
This pertains to questions like, ‘how much extra time do you spend on average every month?’ There is an order difference between values, and it has zero as part of the possible answers. You can also find the mode, median, and mean for this kind of data.
Other measures to take.
i.Start by analyzing quantitative data.
Quantitative comes from close-ended questions that can be presented as numeric values. One can convert this kind of data into numeric values, and it gives good, crisp insights into the survey findings. Analyzing quantitative data first can enable you to understand your qualitative data more. Qualitative data gives the survey questions, but it is usually subjective. Having the quantitative findings beforehand enables you to make the right deductions.
ii.Cross-tabulate to understand your audience
This is not necessary if your survey is on a closed audience, for example, employees of a single company. However, when you have a customer survey where every walk-in participates, cross-tabulation may help because not everyone who comes is your typical customer. The views of your typical customers should inform your decisions more even as you consider other participants’ views.
iii.Categorize the data in participants’ demographics
The age of respondents always gives good insights into how you should act because people of different ages have different outlooks. Always have people’s ages in mind as you do the analysis.
Learning the following word roots and prefixes is a fast way to strengthen your vocabulary. Given that a fluent English speaker must learn over 5,000 words, combining word-parts is a smart approach. Even if you don’t know the meaning of a new word straight off, you can make an ‘educated guess’ if you only had a clue to the word root or prefix within the word.
Prefix or Word Root
Meaning
Example
a, ab/s
from, away, off
abstract
aer/o
air
aeroplane
agr/i/o
farming
agriculture
ambi, amphi
both, on both sides, around
amphibian
ambul
walk, move
ambulance
ami/o
love
amiable
anim
life, spirit
animal
anthrop/o
human
anthropology
anti
against, opposite of
antibody
aqu/a
water
aquarium
arch/a/i
primitive, ancient
archaeology
arthr/o
joint
arthritis
astro, aster
star, stars, outer space
astronaut
aud/i/io
hear
audible
auto
self, same, one
automatic
avi/a
bird
aviation
bene
good, well
benefactor
bi/n
two, twice, once in every two
biweekly
bibli/o
book
bibliography
bio
life, living matter
biology
calc
stone
calcium
capt, cept, ceive
take, hold
intercept, perceive
cardi/o
heart
cardiology
carn/i
flesh, meat
carnivorous
cede, ceed, cess
go, yield
exceed
cent/i
hundred, hundredth
centennial
centr/o/i
center
egocentric
cerebr/o
brain
cerebral
cert
sure
certain
chrom/o chromat/o, chros
color, pigment
chromatic
chron/o
time
chronic
circum
around, about
circumnavigate
claim, clam
shout, speak out
clamor
co
with, together, joint
coauthor
cogn/i
know
cognition
con
with, jointly
concur
contra/o
against, opposite
contradict
corp/o
body
corporation
counter
opposite, contrary, opposing
counteract
cranio
skull
craniology
cred
believe
incredible
crypto
hidden, secret
encryption
cycl
circle, ring
bicycle
dec/a, deka
ten
decade, decathalon
dem/o
people
democracy
dent, dont
tooth
dentist
derm/a
skin
dermatology
dia
through, between, apart, across
diagonal
dict
speak
contradict
domin
master
dominate
don/at
give
donation
duc/t
lead
conduct
dyn/a/am
power, energy, strength
dynamic
dys
abnormal, bad
dyslexia
e-
out, away
evaporate
ego
self
egotistic
em, en
into, cover with, cause
empathy
endo
within, inside
endotherm
ethno
race, people
ethnic
ex
from, out,
excavate
extra, extro
outside, beyond
extraordinary
fac/t
make, do
manufacture
flor/a, fleur
flower
florist
fore
in front of, previous, earlier
forefront
form
shape
formation
fract, frag
break
fracture
funct
perform, work
function
gastr/o
stomach
gastric
gen/o/e/
birth, production,
genealogy
geo
earth, soil, global
geography
giga
a billion
gigabyte
gram
letter, written
diagram
graph/y
writing, recording, written
graphics
hect/o, hecat
hundred
hectare
helic/o
spiral, circular
helicopter
hemi
half, partial
hemicycle
hem/o/a
blood
hemorrhage
herbi
grass, plant
herbs
hetero
different, other
heterogeneous
homo, homeo
like, alike, same
homogeneous
hydr/o
liquid, water
hydroelectric
hyper
too much, over, beyond
hyperactive
hyp/o
under
hypoglycemia
il, in
in, into
illuminate
ig, il, im, in, ir
not, without
illegal, irrespective
infra
beneath, below
infrastructure
inter
between, among, jointly
international
intra, intro
within, inside
intrastate
juven
young
juvenile
kilo
thousand
kilobyte
lact/o
milk
lactate
liber
free
liberate
lingu
language, tongue
linguistics
luc
light
elucidate
lumin
light
illuminate
lun/a/i
moon
lunar
macro
large, great
macroeconomics
magn/a/i
great, large
magnify
mal/e
bad, ill, wrong
malcontent
mania
madness, excessive desire
maniac
mater, matr/i
mother
maternal
mega
great, large, million
megastore
meta
change, after, beyond, between
metaphysics
meter, metr
measure
audiometer
micro
very small, short, minute
micrometer
mid
middle
midsection
milli
onethousandth
millimeter
min/i
small, less
miniskirt
mis/o
bad, badly, wrong, wrongly,
misbehave
morph/o
form
metamorphosis
multi
many, more than one or two
multicolored
nav
ship
navigate
neo
new, recent
neolithic
nom/in
name
nomenclature
omni
all
omniverous
para
beside, beyond
paranormal
per
through, throughout
permit
peri
around, enclosing
periscope
phon/o
sound
phonograph
phot/o
light
photogenic
pod/e
foot
podiatrist
poly
many, more than one
polygraph
post
after, behind
postdated
pre
earlier, before, in front of
prevention
pro
before, in front of, fore
proactive
psych/o
mind, mental
psychology
quad/r/ri
four
quadrant
re
again, back, backward
rebound
retro
backward, back
retroactive
rupt
break, burst
bankrupt
scop/e/y
see, examine, observe
microscope
scrib, script
write, written
scribble, inscription
self
of, for, or by itself
self-respect
semi
half, partial
semiannual
sol
sun
solar
son
sound
sonic
sphere
ball
spherical, biosphere
spir
breathe
inspire, spirit
struct
build
construction, structure
sub
under, lower than, inferior to
submarine
super, supra
higher in quality or quantity
superimposed
techno
technique, skill
technology
tel/e/o
far, distant, complete
telephone
temp/or
time
temporary
term/ina
end, limit
terminus
therm/o
heat
thermal
trans
across,beyond, through
transfer
tri
three, once in every three,
triangle
ultra
beyond, extreme, more than
ultralight
un
not,opposite of, lacking
unavailable
uni
one, single
unicycle
urb
city
urban
vac
empty
evacuate
vid
see
video
vis, vid
see
vision
viv/I, vit
live, life
revival
voc/i
voice, call
advocate
Suffix
Meaning
Example
– able
capable of, worthy of
noticeable
– ade
action or process, persons acting
renegade
– age
state of being, or quality, pertaining to
marriage
– al
state of being, or quality, state of
marital, causal
– ancy
state, quality, act or condition
agency
– ant
one who acts
registrant
– archy
rule, government
monarchy
– ard
one who acts
steward
– ary
pertaining to, connected with
elementary
– ced
move, yield
recede, secede
– cide
killing, act of
homoicide
– cious
capable of
capacious
– cit
having the quality, or call
incite
– clam
call, cry out
exclamation
– clino
lean
decline, incline
– clud
shut
seclude, preclude
– cracy
rule
democracy
– crat
ruler, member of ruling body
autocrat
– ennial
yearly
centennial, perennial
– ent, er
one who acts
student, teacher
– ery
occupation, business, or condition
archery grocery
– ette
small or diminutive
dinette, statuette
– fic
of, bringing, yielding
pacific, soporific
– gon
angled, angular
polygon, pentagon
– grade
step
retrograde
– hood
full of abounding in, to make, belong to
childhood
– ible
capable of, worth of, tending to, or having the quality of
credible
– ic, ical
of, pertaining to, similar or like
historical
– ier
possessing or being, one who acts
carrier
– ify
full of, abounding in, to make state of, move, do
testify
– il, ile
act, quality or state, like one who acts
civil, servile
– ine
act, quality or state, pertaining to, like one who acts
