10 Charlotte neighborhoods where real estate values are skyrocketing

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Real estate has done well in Charlotte lately.

Across the city, home prices have fully rebounded from the Great Recession, and then some. In all but a handful of Charlotte neighborhoods, real estate values have never been higher.

But some neighborhoods are far outstripping the rest. Ten of them have seen their home values increase by more than 20 percent in just the past year.

Perhaps unsurprisingly the top four are all around Plaza Midwood. West Charlotte is also well-represented.

Most of these neighborhoods have a mixture of renovated homes at higher prices and older homes and lots for cheaper. In several of them, buyers have begun tearing down old housing stock and building new, bigger houses. The markets in these areas are also generally not very brisk at this point.

Expect these neighborhoods to continue increasing in value.

Data comes from the Zillow home price index.

1) Oak Forest

Year-over-year growth: 29%
Median value: $108,300
Sample listing4418 Tantilla Circle. 3 bedroom, 1 bath, 1,430 square feet. ($121,604 foreclosure estimate)

2) Shannon Park

Year-over-year growth: 28%
Median value: $113,300
Sample listing5528 Larchmont Avenue. 3 bedrooms, 1 bath, 950 square feet ($89,000 list price)

3) Belmont

Year-over-year growth: 28%
Median value: $128,000
Sample listing1108 Louise Avenue. 3 bedroom, 3 bath, 1,980 square feet. ($360,000 list price)

4) Plaza-Shamrock

Year-over-year growth: 28%
Median value: $154,000
Sample listing1119 Jensen Street. 2 bedroom, 2 bath, 858 square feet. ($249,000 list price)

5) Montclaire South

Year-over-year growth: 24% 
Median value: $109,200
Sample listing824 Silver Court. 3 bedroom, 2 bath, 1,307 square feet. ($244,900 list price)

6) Yorkmount

Year-over-year growth: 22%
Median value: $117,500
Sample listing: 5012 Grapevine Drive. 2 bedroom, 1 bath, 1,020 square feet ($71,252 foreclosure estimate)

7) Thomasboro-Hoskins

Year-over-year growth: 22%
Median value: $78,600
Sample listing135 Goff Street. 3 bedroom, 1 bath, 980 square feet. ($114,900 list price)

8) Oaklawn

Year-over-year growth: 21%
Median value: $83,800

9) Lincoln Heights

Year-over-year growth: 21%
Median value: $84,100

10) Ashley Park

Year-over-year growth: 20%
Median value: $91,400
Sample listing3307 Major Samuals Way #3307. 3 bedroom, 2.5 bath, 1,880 square feet ($289,900 list price)

Home photos via Zillow

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Andrew Dunn
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Editor-in-Chief