In 2018, the Charlotte-metro real estate market saw growth on-par (or just very slightly below) the national average of a 6% increase in prices. The official number comes in at 5.3% over the last year but there are specific zip codes that saw larger growth. Here are the top 5 Charlotte zip codes where you should consider investing in real estate!
#5: Cotswold/Foxcroft, 28211
The area with the highest prices on this list (despite their fifth place ranking) goes to Cotswold. Their average price increase last calendar year was a stunning 22%. This drove their year-ending median home price up to $430,000: a nearly $100,000 average increase in just twelve months.
#4: NoDa/Plaza Midwood, 28205
The ultra hip North Davidson area of Charlotte is always a highly desirable area in which to live. With boutique restaurants, great nightlife, and an eclectic atmosphere, homes move fast. Last year prices increased by almost 24%, driving prices to a median price of $216,000.
#3: Yorkmont/Renaissance Park, 28217
Area favorites in this zip code are the world famous Billy Graham Library and popular outdoor spaces like the Renaissance Park disc golf course. 2018 drove home prices up 26% to finish at a median price of $111,000. All sign points to continued growth!
#2: Elizabeth/Cherry, 28204
With great live music venues, top-notch restaurants, and being centrally located to just about everything, 28204 is becoming increasingly popular. Prices here rose almost 29% last year alone to an even $300,000.
#1: West Blvd./Freedom Drive, 28208
And the area coming in at the top of list of best areas to invest in real estate is West Boulevard/Freedom Drive. It also presents the most opportunity and chances at finding a diamond in the rough. You’ll find home prices varying wildly anywhere from $50,000 to over $500,000. The fact that the average home price jumped 70% last year and the median is still only just $110,500 shows that it’s the next It place to live. Pounce now before the secret gets out!
For the full list of the top TEN zip codes where you should invest, visit Charlotte Stories!
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