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Mecklenburg County, NC

Township 1

RANK #905 / 996 NAT  ·  #44 / 51 NC  ·  POP 1,115,403

1YR FORECAST: -1.3%

5YR OUTLOOK: +12%

Our model projects Mecklenburg County's housing market at -1.3% over the next year, underperforming most U.S. counties.

[01] Why Mecklenburg County?

Mecklenburg County, North Carolina, is anchored by Charlotte, the state's largest city and a major financial center. The county, named after Queen Charlotte's German homeland, offers a blend of urban amenities and suburban communities like Davidson, Huntersville, and Matthews. Commute times to Charlotte vary, with inner suburbs experiencing 20-25 minute drives during off-peak hours, which can double during rush hour. The county boasts an extensive park and greenway system, with over 230 parks and facilities across more than 21,000 acres, providing opportunities for hiking, biking, and enjoying nature. Lake Norman also provides significant water recreation.

Life in Mecklenburg County is characterized by a diverse community, attracting families and young professionals. Charlotte-Mecklenburg Schools serve over 140,000 students across 184 schools, offering various programs including International Baccalaureate and STEM. The local economy is driven by major sectors like banking, manufacturing, and professional services, with several Fortune 500 companies headquartered in the county. Recent economic developments include significant investment in commercial and residential construction, and ongoing infrastructure projects aim to improve transportation options, including expanded rail and bus services.

[02] Market Snapshot

Housing Ratio
2.5x

Undervalued relative to economy

GDP Growth
+3.4%

Above national median

Home Prices
-0.9%

Prices declining

Climate & Terrain
0.8

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 2.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Atrium Health Healthcare
    50,000+
  2. 2
    Novant Health Healthcare
    25,000+
  3. 3
    Wells Fargo Finance
  4. 4
    Bank of America Finance
    10,000+
  5. 5
    Charlotte-Mecklenburg Schools Education
  6. 6
    Amazon Logistics
  7. 7
    City of Charlotte Government
    5,000+
  8. 8
    Duke Energy Energy
  9. 9
    American Airlines Hospitality
  10. 10
    Honeywell Manufacturing
    1,000+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Mecklenburg County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,115,403
+1.31% YoY
Median Household Income
$79,265
Median Home Value
$334,700
-0.94% 12mo
Median Rent
$1,413
Average Annual Pay
$88,111
+3.9% YoY
Employment
788,436
+1.0% YoY
Income-to-Home-Value
0.2368
Near national average
Migration Inflow
2.31%
of pop. from another state
Bachelor's Degree+
47.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$440,000
Days on Market
87
Slower market
Months of Supply
4.2
Balanced market
Sale-to-List Ratio
97.9%
Negotiation room for buyers
Sold Above List
18.7%
Listings w/ Price Drops
22.7%
Building Permits (2024)
11,969
Single-Family Permits
6,496

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
9.1
per 100K · nat avg 6.3
Firearm Fatalities
13.8
per 100K · nat avg 14.8
Injury Deaths
63.7
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
50.0
Good
Good Air Days
50%
552 of 1,095 days
Unhealthy+ Days (3yr)
10
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
49
2022
50
2023
51
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$4,207M
TOTAL
PROJECT AMOUNT STATUS
LYNX Silver Line Light Rail Extension
CATS (Charlotte Area Transit System)
$2,000M Proposed
Digital Realty Charlotte Campus
Digital Realty
$1,500M Planned
The River District (Westrow Phase 1)
Undisclosed Developers
$500M Under Construction
Eastland Yards
Public-Private Investment
$97M Under Construction
Capital Group East Coast Operations Hub
Capital Group
$60M Planned
HSP US Manufacturing Plant
HSP US LLC (Trench Group GmbH)
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.4% 62 percentile
Population Growth +1.3% 79 percentile
Income Growth +8.4% 47 percentile
Vacancy Rate 1.8% 12 percentile
Home Price Change -0.9% 22 percentile
Rent Growth -0.0% 10 percentile
Price/Rent 16x 24 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Mecklenburg County, NC a good place to move to?

The data is not encouraging — Mecklenburg County scores just 8/100 on the Boom Town Index, ranking #905 of 996 counties. Job growth at +1.0% and median household income of $79,265 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Mecklenburg County affordable?

Mecklenburg County leans toward the expensive side. A median home value of $334,700 against an income-to-home-value ratio of 0.24 means housing eats a bigger share of local earnings than the national norm. Renters face $1,413/month on average.

Is Mecklenburg County growing or shrinking?

Mecklenburg County's population is growing — up +1.3% YoY — while the job market is roughly flat (employment change of +1.0%). Home values shifted -0.9% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Mecklenburg County?

There's a moderate stream of newcomers. About 2.31% of residents moved from another state, which is above average and suggests Mecklenburg County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

New Hanover County, NC 8 Orange County, NC 9 Lincoln County, NC 10 Pender County, NC 6 Haywood County, NC 5 Durham County, NC 5 Fairfax County, VA 8 DeKalb County, GA 8