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Charlotte area population statistics


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26 minutes ago, Blue_Devil said:

Yah, the insurance companies have made that switch. Interestingly finance has not. You are going to see a doubling down by the finance companies soon, with many of them establishing consequence models for not showing up to the office when you are supposed to

Well watch them lose hundreds of thousands of black and brown current employees.  Millennials and Gen Z professionals, especially black ones like myself, aren't like their predecessors about this post-lockdown era. 

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2 hours ago, kayman said:

Well watch them lose hundreds of thousands of black and brown current employees.  Millennials and Gen Z professionals, especially black ones like myself, aren't like their predecessors about this post-lockdown era. 

Or just move the jobs overseas to cheaper English speaking countries!

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On 7/29/2022 at 9:03 PM, KJHburg said:

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Notice the 2 counties growing the fastest with new homes Cabarrus and Lincoln in the Charlotte region.   Look at Currituck and Camden up in NE NC overflow from the more expensive Tidewater VA area.    Source Axios Raleigh

Ugh. currently trying to find a new home in Orange County so this map speaks to my predicament. Chapel Hill is pretty much built out and while there’s lots of room in Hillsborough, there’s barely anything under construction. Meanwhile, all other Triangle counties are crushing it. Looking at CLT area houses and drooling. 

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2 hours ago, Bolt said:

Triangle housing market still crazy.  Prices getting up there at DC levels.

Prices are moderating everywhere now due to higher interest rates in Charlotte metro and in the Triangle where 40% of the listings in Wake County in June had price decreases.   The excessive price increases of the last 2 years are OVER trust me.  Charlotte averages 3-4% appreciation a year in the last 20 years these last 2 years were anomaly.   Residential real estate has gone back to a 2019 mode with still a sellers market but not with the froth and excessive over the top offers.  Average sales to list price earlier this year was 104% but now is right around 100%.  Expect this to soften more.  

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1 hour ago, abttown said:

I'm surprised by Salt Lake county.  For a county out west, it isn't that large geographically.   Also, I assume the Denver, CO metropolis straddles several counties and that's why it isn't showing up?

Yea, Denver is a consolidated City-County, so it's size is coterminous with the city's boundaries. In fact, El Paso County (Colorado Springs) is the most populated county in the state by a small margin, even though it's 4x the size of Denver City-County. The next five in population are all Denver adjacent counties, which would make it 2.8 million if combined. 

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3 hours ago, Rufus said:

Yea, Denver is a consolidated City-County, so it's size is coterminous with the city's boundaries. In fact, El Paso County (Colorado Springs) is the most populated county in the state by a small margin, even though it's 4x the size of Denver City-County. The next five in population are all Denver adjacent counties, which would make it 2.8 million if combined. 

El Paso County is actually 14 times the area of the City & County of Denver.

The Denver-Aurora-Lakewood MSA is at 2.97 million but that does not include Boulder County, which the Census Bureau has designated as its own MSA even though it is considered locally as an inextricable part of the Denver metro area (referred to locally as the Denver-Boulder metro area) and has been included in the Denver MSA in decades past. With Boulder added, that puts the Denver-Boulder metro area at 3.33 million (2021). The Denver-Aurora CSA, which adds in another adjacent county, is at 3.64 million in 2021. 

Edited by MHC1858
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interesting story about movement of taxpayers moving from the urban core counties to the suburbs including here in Charlotte.  They are using IRS data. 

From Biz Journal article:

https://www.bizjournals.com/charlotte/news/2022/08/31/population-housing-migration-suburbs-covid-19.html

""Also consider Charlotte, North Carolina: 20,223 moved to Mecklenburg County, where Charlotte is located, compared to 24,210 who moved out in tax-filing years 2019 and 2020.  But the bulk of tax filers who moved out of Mecklenburg stayed in the Charlotte metro. Cabarrus County, which is north of Charlotte, saw 3,413 tax filers relocate from Mecklenburg in 2019 and the first year of the pandemic. Union County and York County, South Carolina, both south of Charlotte, saw 3,051 and 2,514 tax filers, respectively, come from Mecklenburg in 2019 and 2020.  Mecklenburg's median home value of $419,619 at the end of July is more expensive than Cabarrus County's $383,928 median home value.  It's also likely buyers have new priorities since the pandemic began. Commuting to an office only once or twice a week, if at all, may be an acceptable compromise for employees who now have to drive a longer distance.

Very interesting story and analysis of data.   check out the article.  

 

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38 minutes ago, KJHburg said:

interesting story about movement of taxpayers moving from the urban core counties to the suburbs including here in Charlotte.  They are using IRS data. 

From Biz Journal article:

https://www.bizjournals.com/charlotte/news/2022/08/31/population-housing-migration-suburbs-covid-19.html

""Also consider Charlotte, North Carolina: 20,223 moved to Mecklenburg County, where Charlotte is located, compared to 24,210 who moved out in tax-filing years 2019 and 2020.  But the bulk of tax filers who moved out of Mecklenburg stayed in the Charlotte metro. Cabarrus County, which is north of Charlotte, saw 3,413 tax filers relocate from Mecklenburg in 2019 and the first year of the pandemic. Union County and York County, South Carolina, both south of Charlotte, saw 3,051 and 2,514 tax filers, respectively, come from Mecklenburg in 2019 and 2020.  Mecklenburg's median home value of $419,619 at the end of July is more expensive than Cabarrus County's $383,928 median home value.  It's also likely buyers have new priorities since the pandemic began. Commuting to an office only once or twice a week, if at all, may be an acceptable compromise for employees who now have to drive a longer distance.

Very interesting story and analysis of data.   check out the article.  

 

I don’t have the CBJ subscription. But I read some articles regarding similar data but they noted that the numbers were pulled from the height of the pandemic and that those fleeing to suburbs is cooling or reversing in some instances. Is that true for this article? (That it is mostly data from the height of the pandemic). 

Thanks for posting.

Edited by AirNostrumMAD
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1 minute ago, AirNostrumMAD said:

I don’t have the CBJ subscription. But I read some articles regarding similar data but they noted that the numbers were pulled from the height of the pandemic and that those fleeing to suburbs is cooling or reversing in some instances. Is that true for this article?

Thanks for posting.

I will put some of the commentary some is people like millenials now with families moving to the suburbs, some is because of more flexible working schedules and need for home offices, some relocated people.

From the article: 

""What's being observed in a city like Charlotte may prompt concern a doughnut effect is starting to take place, a phenomenon of city centers being hollowed out as migration and housing demand shift to suburban counties.   Michael Spotts, senior visiting research fellow at the Urban Land Institute's Terwilliger Center for Housing, said the pandemic's effect on housing and other sectors will have a long tail. It remains too early to say exactly how much things like remote work will continue to influence homebuying trends.  Most economists and observers are quick to note the housing and population boom of the suburbs isn't correlating with a cratering effect in the urban core. Joe Kane, a fellow at Brookings Metro (part of the Brookings Institution), said the shift to the suburbs isn't a zero-sum game.    "I have a fundamental belief that there’s always an economic need, to say nothing of a personal and cultural need, for cities to survive and thrive," he continued. "That should go beyond budgets and short-term dollars and cents. But the suburbs, I think, excluding the climate question, are in a position of greater strength financially."   

Still, if households continued to be priced out of housing in or near a center city — where many jobs are still based — or choose to relocate to nearby jurisdictions, that will have long-term fiscal implications for cities. Less tax revenue from sources like property taxes, commercial or residential, would have a significant ripple effect that local politicians would have to contend with.  "That gets into issues of paying for infrastructure, schools and subsidies for the most vulnerable members of society and other needs," Spotts said.  A study he recently conducted for ULI found while growing regions still offer a large supply of attainable housing, many haven't demonstrated they can produce enough housing of the right type in the right locations — what Spotts called the dimensions of supply — to keep from following the same trajectory of established, higher-cost markets."""

To conclude it sounds like we just need to see if this was just a short Covid tread or a bigger movement.  Time will tell. 

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  • 2 weeks later...

Wake County is 60% bigger than Mecklenburg in land area and Wake does have plenty of room to grow.  However they have huge state owned holdings like the NC State Farms and of course William B Umstead State Park and Falls Lake State Park. 

https://www.census.gov/quickfacts/fact/table/mecklenburgcountynorthcarolina,wakecountynorthcarolina/PST045221

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