Known as the "Queen City," Charlotte is a sophisticated metropolis located in the sunny central region of the Tar Heel state. With more than 631,000 residents, Charlotte is the fifth-largest urban region in the nation. Given its accessibility via interstates 77 and 85, which intersect in Charlotte, the Queen City offers newcomers and residents alike a high quality of life through education, business opportunity, arts and culture, recreation and affordable homes.
Northeast Charlotte is part of the Mecklenburg County School District, the second largest in North Carolina. The district serves more than 58,000 students in 80 schools throughout the Northeast Charlotte metropolitan area. In addition, the city is home to nearly three-hundred Fortune 500 companies, providing a number of employment opportunities.
Residential growth is especially apparent in the outlying suburbs of the city, which encompass lake communities and provide residents with a peaceful setting and small-town amenities apart from the bustle of the city center. New neighborhoods and planned residential communities in Northeast Charlotte-Mecklenburg are evidence of the distinct allure of tree-lined streets and rolling hills, rural acreage and an unlimited variety of amenities, homes for sale and lifestyles. Real estate options in Charlotte Northeast consist of condominiums townhouses, single-family homes, and land for custom building.
Real estate in Northeast Charlotte is diverse and affordable. Homes in developments throughout the valley?including areas such as Sun Valley, East Northeast Charlotte, East Truckee River and South Spanish Spring?are affordably priced from under $100,000 to $500,000. Brick construction is found extensively in the neighborhoods of Northeast Charlotte. Homes in the more rural, woodsy settings of Lexington, Fountain Grove, Clay Brooke and Withrow Downs range from the high $100,000s to more than $500,000 for large estate properties. Homes in prestigious Midwood, Country Club, Old Stone Crossing, Coventry and Newell Place are available in traditional and modern styles at prices starting from the high $100,000s. Northeast Charlotte's condo and townhome communities are available from well under $100,000 to $315,000 and more for larger, newer units. Land and lots are available for custom construction and a few farm/ranch properties can be found.
Charlotte Northeast Real Estate Stats and Trends for the week of April 17th, 2020: homes priced around $271,211 compared to $271,211 the previous week, to remain steady with no change in listing price. For Friday, April 17th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.