Charlotte, North Carolina real estate in 2020?

Question

While driving for dollars I came across a area in Charlotte that for years was known as a section 8/ low income area near Johnson c. smith(biddelville) .Now it has homes with values of 400k, many investors in the area know that the noda area and areas where the light rail is going through will be a great investment. I've recently heard that areas around the Charlotte Douglas airport is a great place to buy because there are plans for devolpment. So because of this I was wondering what areas in Charlotte area up and coming?

Cindy Bowman · Answer

I live off of I485 exit 36 in Harrisburg. This area is exploding with new construction.  Now that the loop is complete on the north side of town I think any areas close to 485 are going to do well. Keep an eye on Mint Hill. Also the light rail will go all the way up to UNCC by 2017 so we are seeing an explosion of growth in that area too.

Chad K. · Answer

@Cindy Bowman @Raphael Cuthbertson thanks for your comments. I agree with you both the  completion of 4-85 has been a game changer in real estate for charlotte. I witnessed this first hand when I visited a friend that lives In midland an noticed the new homes in the area. I currently wholesale an was thinking of adding wholesaling land in one of these up and coming areas. Mainly in areas close to downtown after reading there are plans for the west end area in a attempt to resemble the great reaction of south end.

Raphael Cuthbertson · Answer

Yes, I LIVE in Mint Hill and since I moved here in 2008, it has gotten crazy.  My dad was born and raised on the other side of 485 (still own about 16 acres there) and the traffic has gotten maddening.  I long for the days when we could drive the farm tractor down Lawyers Rd and 51 into Matthews.  :-)

If you can buy here, you will do VERY well.