Is Matthews NC An Expensive Place To Live?
Matthews is a lovely small town located in southeastern Mecklenburg County, North Carolina. If you are a local in this tight-knit community of Charlotte, you will most likely enjoy spending your time outdoors. The area stretches for about 17 square miles while most of it is covered by trees, green spaces, and parks. Residents in Matthews, North Carolina, love the quiet atmosphere and enjoy a fair amount of shops, good restaurants, and family-friendly amenities. If that might sound like a community you want to be part of, you might wonder how affordable would it be to live here? Is Matthews, NC, an expensive place to live? Let’s find out.
Matthews NC is known for having a good schooling system, a family-friendly environment, and great job opportunities. Because Matthews is a suburb of Charlotte, you have quick and easy access to the city. That is one of the reasons why many consider the town of Matthews to be a great place to live. As far as the cost of living goes, there are a few things to consider. The overall costs of living in Matthews is about 12% higher than the North Carolina average and about 7% higher than the national average.
While expenses such as utilities, groceries, and transportation are close to the national average, housing is about 20% higher than the national average. Living in one of Charlotte’s best suburbs is quite expensive compared to other similar locations in the state. With a median home value of about $315,000, the housing market of Matthews, North Carolina passes even Charlotte’s housing market by about 12%. Nowadays, there is a tendency in the marketplace for people to shy away from big cities and crowded areas and move towards rural-like areas that are quieter and less crowded.
Is the same behavior affecting the housing market of these two areas? Probably! But if you are interested in finding a home in the gorgeous suburb area of Charlotte, get in touch with one of our top real estate agents in Matthews NC, to find the best housing options available.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
The meaning of a disclosure statement is a legal document signed by both parties, the lender and the borrower or buyer. This statement outlines the terms and conditions, the potential ...
Effective Age is the counterpart to a property’s Actual Age. While the former refers to the date a property was built, the latter is more of a sensorial depiction of its age; the age ...
Commitment by a lender to a borrower for a given amount of money at specified terms for the financing of a project. The borrower pays a fee for the privilege of either executing the loan or ...
What’s the definition of real estate collateral? Could we say it’s like keeping a hostage? No, that would be relatively insensitive. But the idea is similar. In real estate, ...
A lien is a legal instrument by which one party – usually lenders and creditors - guarantees the obligation of a real estate owner to do something – generally repays the money. ...
Typically, the term rider defines a financial concept, implying a written modification applied to an insurance policy, altering its initial clauses and provisions. The rider can update the ...
Member of a partnership whose liability for partnership debts is limited to the amount invested in the partnership. A limited partner is prohibited from taking active part in the management ...
Mortgage on both the purchased real estate and personal property of a durable type. The entire amount financed is considered one mortgage. In residential real estate, a builder might ...
Short-term leases are leases that run its completion in a faster time than regular ones.In real estate, short term-leases usually refer to temporary housing; that is: rent.The length of a ...
Have a question or comment?
We're here to help.