Have You Heard? The Carolinas And Charlotte Are Hot, Hot, Hot!

By
Real Estate Agent with Coldwell Banker Realty 179530

HOW HOT ARE THE CAROLINAS?

HOW HOT IS THE CHARLOTTE REGION?  

The Carolinas are hot, hot, hot when it comes to net migration! Both North and South Carolina are in the top 5 net migration states from 2022-2023 according to the US Census. Despite a decrease in population growth nationally, North and South Carolina continue to add population at a faster clip than much of the rest of the nation, according to the US Census. North Carolina's population increased 11 out of 12 years between 2010 and 2022. South Carolina is now the 23rd most populous state in the USA.

 

Combined with population growth in Georgia, Tennessee, and Florida,  the Southeast will become an increasingly bigger player both economically and politically.

 

  North and South Carolina in top five states for highest total net migration 2022-2023  

 

The Charlotte Region is also hot, hot, hot! The Charlotte Region's growth of 16.3% since 2010 is more than double the national average. Charlotte is now the 7th fastest growing large U.S. metro area. Moreover, the Charlotte Region is expected to grow by another 50% by 2050 with the region's population growing from about 3 million to 4.5 million. From 2000 to 2010, Charlotte's population increased by 161,049 (27.89%), as compared to the national growth of 9.63%.

 

 

DID YOU KNOW CHARLOTTE WAS RANKED #9 AS A BEST PLACE FOR YOUNG PROFESSIONALS TO LIVE?

The 2023/24 annual U. S. News & World Report analysis of the top 25 metro areas for young professionals ranked the Queen City #9. The analysis surveyed 150 of the most populous metro areas in the USA. Primary criteria included: job market, affordability, desirability. These factors were weighted as follows:  job market accounting for 55% of the overall score; desirability of life style accounted for 30% of the overall score; affordability was weighted at 15% of the overall score.

 

Charlotte has become one of the most popular urban areas for young professionals to relocate to. It's home to a renowned BBQ scene, tons of culture, and a healthy job market in the finance, healthcare, and tech industries. Given its impressive employment opportunities and a relatively affordable cost of living, it’s no surprise that college graduates and Gen Z'ers are flocking to the Charlotte metro area. In 2022 Charlotte was ranked as the fourth fastest growing city for young professionals.

 

 

 DID YOU KNOW CHARLOTTE, NORTH CAROLINA  WAS RANKED #8 AS A BEST PLACE TO LIVE IN AMERICA?

US News & World Report has named Charlotte a best place to live for 2023/2024, ranking the Queen City #8 out of 150 metropolitan centers. The report evaluated 150 most populous metropolitan areas based on how they met Americans' living expectations. Grading factors included value, job market, desirability and quality of life.   And those of us who make Charlotte our home couldn't agree more! The Southern Living article barely scratched the surface about everything that's happening in Charlotte. And it's the Charlotte lifestyle that also had Zillow including the Queen City in the 10 Hottest Real Estate Markets for 2022.    

 

 

WHERE ARE PEOPLE MOVING FROM TO GREATER CHARLOTTE?

With some 124 people moving to the Charlotte area every day, the Charlotte Region is hot. The population in Charlotte, Gastonia and Concord has grown by 150,000 people within the last decade, according to the latest Census. People are moving here from all over the U.S. but most, around 6,500, came from New York City. According to Senior Vice President of Business Recruitment Stephen Pearce at the Charlotte Business Alliance,  “Charlotte area is one of the top 10 markets for those people who are looking to move out of the Manhattan area."

 

 

WHY ARE PEOPLE MOVING TO THE CHARLOTTE REGION?

Primary reasons for moving include people moving here for jobs, for a lower cost of living, lower taxes, more space and less density, better quality of life, to follow children to be closer to grandchildren (the region ranks #1 for baby boomers who've chosen to retire close to their grandchildren, according to Meyers Research.) In fact, these baby boomers now have a new name -- "baby chasers." And because Charlotte is one of the top cities in the nation attracting millennials, it's become a top destination city for the parents of those millennials, as well. No doubt about it, the Charlotte Region is hot.

 

Charlotte is also ranked as a top 20 city for affordability by Empower in 2023.

Charlotte ranked a top 20 affordable city for working adults  

 

THINKING ABOUT MAKING YOUR OWN MOVE TO THE CHARLOTTE REGION?

Moving your family to another town or state is, no doubt, a significant event in anyone's life. Nina Hollander with Coldwell Banker Realty, has helped hundreds of Charlotte area newcomers relocate to the Greater Charlotte area. I'm a relocation specialist and for 25 years, I've helped clients in all stages of life begin their new lives in places like Charlotte, Matthews, Mint Hill, Waxhaw, Weddington, Marvin, Indian Trail. Monroe, Huntersville in North Carolina and to Fort Mill, Lake Wylie, Tega Cay, Rock Hill and Indian Land in South Carolina. 

 

If you're planning a move to the Charlotte region, ask for your free copy of my Greater Charlotte Region Schools & Communities Guide. You're under no obligation and you can't go wrong!

  Greater Charlotte Schools & Communities Guide  

 

Want a "sneak peek" at what life in the Charlotte area is all about? Click here. 

 

The Essence of Charlotte: What Is Life Like In The Charlotte Area

 

Not quite ready to move to Charlotte? Until you're ready to come to town, we can correspond by email and communicate by phone to determine the type of home, price, lifestyle, and neighborhood you are looking for. I can send you every home or property coming on the market that meets your criteria by email. 

 

When you arrive to visit Charlotte, I'll be ready to introduce you to the neighborhoods and homes that interest you most. We'll discuss schools, subdivisions, commuting, lifestyle options, local market conditions... anything that is important to you. After 25 years of serving relocating clients in the Greater Charlotte area, I know it inside and out and my goal is to make your transition and move to Charlotte as seamless and smooth as possible.

 

If you have a home to sell before relocating to the Charlotte area, I can provide introductions to some of the top Realtors® in your area to help you get your home sold at top dollar as quickly as possible and with a minimum of stress and inconvenience to you.

 

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If you're considering relocating to the Greater Charlotte region, I'd love an opportunity to earn your business, exceed your expectations, and to show you why experience matters and how:

 "The Right Broker Makes All The Difference."

 

 

Originally published on www.GreatHomesInCharlotte.com 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (22)

Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, Broker, Charlotte has been growing for quite a while and you have assisted so many buyers and sellers in making the transition. Thank you for always providing valuable information.

Jan 05, 2024 05:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Beth Atalay awww, thanks, Beth, for that nice comment. Charlotte is my adopted hometown and we love living here... so I'm always delighted to "sell" the Queen City to newcomers.

Jan 05, 2024 06:20 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

I would have been there back in the mid 1980' to welcome you when you got there.

Jan 05, 2024 06:26 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nina, Of course, I know with all your sales in the area. Buyers and sellers must know this too!

Jan 05, 2024 06:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva, 203-206-0754 hi Ed... I made my first business trip to Charlotte in 1973 and many subsequent ones after until be moved hear in 1998. I know you know just how much the city has changed over the decades!

Jan 05, 2024 06:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... there's always lots of news about how many people are moving to Florida and Texas... but the Carolinas are not far behind and they have been in at least the top 10 moved to states for over a decade.

Jan 05, 2024 06:47 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

You are getting quite of few Half-Backs from my region (those who come down from NY, cannot afford the lifestyle they thought because of inflation, and choose to go Halfway back)...most migration is coming from the CRAZY tax states like NY, CA, NJ, MA, IL, CT and more.

Jan 05, 2024 06:55 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty good morning, Jeff... that is a trend we've seen here since we moved to Charlotte in 1998. And I've worked with my share of half-backs over the years. We also have quite a few people who move here from Ohio.

Jan 05, 2024 06:59 AM
Roy Kelley
Retired - Gaithersburg, MD

This is good information to share. You should be attracting many retirees from our area. Home owners just received their new tax assessements and will be facing even higher real estate taxes.

Jan 05, 2024 08:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Roy. If you know anyone heading this way, just send them to me! I'll take very good care of them.

Jan 05, 2024 10:03 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and great figures to share with us about the Carolinas.  Hope you are ready for a great 2024!

 

Jan 05, 2024 10:27 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Happy New Year Nina.  That is a lot of growth.  Much to be considered when that many people moving in.  M

Jan 05, 2024 11:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thanks, Will, for stopping by. Wishing you a great weekend ahead.

Jan 05, 2024 11:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Mark Don McInnes, Sandpoint-Idaho hi Mark... Having watched the Charlotte region grow since we moved here in 1998, I would say on the whole this in-bound migration is being handled relatively well... of course, much more traffic but that's to be expected.

Jan 05, 2024 11:47 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- I knew just from reading the excellent market reports you shared with us!!!!

Jan 05, 2024 11:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy.... so happy to know you are paying attention! 😄 Wishing you a great weekend ahead. We are in for some rain tomorrow, but Sunday should be good.

Jan 05, 2024 12:03 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina that is a list that every state would love to be at the top of!!!

Jan 05, 2024 01:34 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto I bet there are some states like CA and NY with a net migration out who would like to see numbers like the top 5 states with net migration in.

Jan 06, 2024 10:24 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Nina,

No surprise about the  great figures about the Carolinas. Tremendous growth as people flee the states that hamper the quality of life. We have certainly seen the migration as your chart shows. It's good for our economies but for the life me I can't figure out why states enjoy making it unbearable to live there!

Jan 08, 2024 07:07 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Dorie Dillard Austin TX good morning, Dorie... when the Governor of NY State says "if you don't like our values and policies, leave," clearly lots of people voted with their feet and left. NY State is now a new migration out state.

Jan 09, 2024 06:23 AM