Charlotte NC Growth Tops All Other Urban Cities This Decade!
The U.S. Census Bureau has just confirmed what the City of Charlotte, NC has felt over the past 10 years: the Charlotte urban area grew faster than any other large metropolitan area in the first decade of this century! Other urban cities that followed Charlotte in total growth over the first decade of 2000 were: Austin, TX, Las Vegas, NV, San Antonio, TX, and Orlando, FL.
Those are fighting words, and kudos to our fair city of Charlotte for maintaining growth this decade and through the recession! In my real estate business, I find myself working increasingly with families from other states who want to relocate to Charlotte to take advantage of all that the Queen City has to offer: attractive and affordable homes, a beautiful landscape FULL of mature, stately trees, a business environment that continues to attract major companies such as Chiquita, SPX and Electrolux, a solid and competitive public school system, inviting weather with four distinct seasons, and a welcoming community that embraces people who want to be a part of it!
The Census Bureau data revealed that the Charlotte urban area grew 64.6% between 2000 and 2010 to a population of 1.25 million. It was specifically looking at urban areas with over 1 million in population, and "urban area" is defined as "densely developed residential, commercial and other nonresidential areas." While Charlotte, NC grew 64.6%, urban areas in the US as a whole grew only 12% over the same period. Much of the Charlotte areas exponential growth was fueled by growth in counties surrounding Mecklenburg County, such as Union County and Iredell County.
So what's behind Charlotte NC's growth over the last decade? Many experts believe that much of the growth occurred during the financial boom times of the early 2000's before the financial crisis occurred in 2007. The Charlotte Chamber of Commerce reports, however, that the population of Mecklenburg County grew by nearly 25,000 per year, even during the downturn years of 2006 and 2010. Despite the higher-than-normal unemployement rate in Charlotte (10.4% in January 2012), families are choosing to relocate to Charlotte NC because the quality of life here is better than where they are coming from. Harrison Campbell, Associate Professor of Geography at UNC-Charlotte said that the Charlotte region added 45,000 jobs in 2011, and that job growth leads population growth.
The Charlotte NC economy has been bolstered in recent years by growth in the energy, health care, hospitality and film sectors, which strengthen the already robust financial sector led by Bank of America and Wells Fargo. Charlotte is making a name for itself as an energy hub - click the link to read all about it at the Charlotte Regional Partnership website.
If you are thinking about relocating to Charlotte, NC, check out my website for information on the area and to begin your search for homes for sale. The Charlotte real estate market is rebounding, and many in the real estate industry believe that we have hit the bottom. In recent months, I've had several clients involved in multiple offers on properties! Some of those clients have even lost out on their full price bids!
So give me a call and I'll tell you why Charlotte NC is a great place to live! The results are in, and people are voting with their feet and moving to Charlotte!
Come and check us out, and see why Charlotte NC area growth tops all other urban cities this decade!