Last Updated on: 18th August 2023, 12:13 pm
Charlotte, North Carolina, is one of the fastest-growing cities in the United States because it offers affordable living, an excellent food scene, and fantastic weather. Charlotte also has a strong economy supported by the financial services industry, which attracts plenty of wealthy residents looking to take advantage of the beautiful scenery and unique culture.
Home shoppers will find plenty of wealthy neighborhoods in Charlotte that offer beautiful residences and easy access to amenities. It’s also crucial to point out a significant difference between the rich and the wealthy; the wealthy typically have a high net worth, whereas the rich may have a high income but not as many significant assets. It’s often worthwhile to keep this distinction in mind when researching the wealthiest neighborhoods in Charlotte, NC. So, If you have a considerable net worth and you’re looking to relocate to Queen City, here are a few of the most expensive neighborhoods in Charlotte.
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Eastover | A Rich Charlotte Neighborhood in a Central Location
- Eastover population: 2,426
- Eastover median household income: $223,000
- Eastover median housing price: $1,869,000
- Eastover homes for sale
Eastover is one of the richest neighborhoods in Charlotte, with a household income of $223,000 and a median home price of over $1.8 million. Located in Southeast Charlotte, Eastover is a safe, well-to-do neighborhood in a central location. You’ll find many restaurants, bars, and coffee shops along Providence Road, which also offers easy access to downtown Charlotte for more attractions. Families and pet owners are known to spend time down at Eastover Park, a 30-acre green space with hiking trails and ball fields.
The Mint Museum is another notable attraction in the neighborhood, which showcases international art and hosts live performances by talented speakers and musicians. Eastover is a gorgeous neighborhood full of tree-lined streets and impressive estates in a range of architectural styles, from ranches and colonials to contemporary condominium buildings. Home prices are steep, but if you’re looking for rich neighborhoods in Charlotte with a high quality of life, Eastover is a good option.
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Myers Park | The Wealthiest Neighborhood in Charlotte Neighborhood with History and Attractions
- Myers Park population: 10,986
- Myers Park median household income: $155,300
- Myers Park median housing price: $1,375,000
- Myers Park homes for sale
Myers Park is another neighborhood with a reputation for being one of the most expensive areas in Charlotte. Situated just southwest of downtown, Myers Park is a picturesque neighborhood steeped in history that offers great schools, walkable streets, and plenty of parks. Residents often congregate at the Myers Park Country Club, one of the most prestigious institutions in Charlotte, which offers an 18-hole golf course designed by famed golf architect A.W. Tillinghast, an Olympic-style swimming pool, a clubhouse, and more.
Freedom Park is also within the neighborhood, a peaceful green space offering a lake, creeks, pavilions, walking trails, and playgrounds. The nationally ranked Myers Park High School also serves the community. The neighborhood is home to the Myers Park historic district, a small section of preserved buildings with stunning examples of bungalows, craftsman, colonial revival, and Tudor architecture. Myers Park is safe, quiet, and conveniently located, which is no wonder it’s one of the wealthiest neighborhoods in Charlotte, NC.
Hembstead | The Most Expensive Area of Charlotte in a Secluded Location
- Hembstead population: 2,170
- Hembstead household income: $148,500
- Hembstead median housing price: $757,500
- Hembstead homes for sale
Located on the city’s southeastern outskirts, Hembstead is a peaceful residential neighborhood in one of the richest areas of Charlotte. Residents have easy access to downtown Charlotte via Providence Road, which is only about 11 miles away, although the community is removed from the hustle and bustle. The neighborhood is full of gorgeous brick colonials and ranch-style homes on well-maintained laws and quiet residential blocks.
The community offers shared amenities such as a swimming pool, tennis courts, walking trails, and a clubhouse, which are maintained by the Hembstead Homeowners Association. The Providence Nature Preserve is also nearby and offers acres of woodlands and trails to explore. So if you’re looking for a peaceful, safe neighborhood in one of the wealthiest areas of Charlotte, Hembstead is a good choice.
Providence Plantation | A Rich Charlotte Neighborhood with Southern Charm
- Providence Plantation population: 8,167
- Providence Plantation household income: $133,800
- Providence Plantation median housing price: $775,000
- Providence Plantation homes for sale
Providence Plantation is also one of the most expensive places to live in Charlotte, with a median property value that is 57% higher than the citywide average. Located adjacent to Hembstead, Providence Plantation is another quiet residential neighborhood full of gorgeous suburban cul-de-sacs and well-manicured green spaces. Considered one of Charlotte’s most desirable neighborhoods, Providence Plantation is a welcoming community with attractions close at hand.
Residents have immediate access to several public parks and green spaces, including Providence Nature Preserve, Hellenic Recreation Park, McKee Park, and Colonel Francis J. Beatty Park. It’s also situated between Providence Road and I-45, offering an easy commute to downtown. The community boasts luxury amenities such as a swimming pool and tennis facility, playground, sports courts, and a state-of-the-art clubhouse. So if you’re looking for convenience, amenities, and southern charm, Providence Plantation is one of the richest neighborhoods in Charlotte.
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Foxcroft | The Richest Neighborhood in Charlotte with Easy Access to Shopping
- Foxcroft population: 5,564
- Foxcroft household income: $118,300
- Foxcroft median housing price: $1,260,000
- Foxcroft homes for sale
Directly west of Providence Plantation is the Foxcroft neighborhood which has a median home price of over $1.2 million, making it one of the most expensive Charlotte neighborhoods. It’s one of Charlotte’s premier communities with grand estates shrouded in mature trees. Home shoppers will find a wide range of architectural styles from Georgian to French Provincial, with typically 0.5 acres or larger lots. Students in the community will attend well-respected schools, including the highly-regarded Myers Park High School, which ranks among the top 200 magnet high schools in the country.
Residents can participate in tennis or swimming at the Foxcroft Hills Swim and Racquet Club, which also hosts frequent community events. Foxcroft is also conveniently located close to the South Park Mall, one of Charlotte’s premier shopping and dining destinations. But the serenity and easy access to attractions make it one of the most expensive neighborhoods to live in Charlotte.
Freedom Park | A Centrally-Located, Rich Neighborhood in Charlotte with Good Schools
- Freedom Park population: 2,357
- Freedom Park household income: $110,700
- Freedom Park median housing price: $995,000
- Freedom Park homes for sale
Just south of downtown is another one of the wealthiest places to live in Charlotte, Freedom Park. The neighborhood is named after the 98-acre Freedom Park, which offers a lake, recreation area, tennis courts, a baseball field, and more. The community is just a quick drive from downtown Charlotte, offering easy access to dining, shopping, and world-class attractions like the NASCAR Hall of Fame and the Charlotte Convention Center.
But despite being so close to downtown, it also features a low crime rate and well-respected schools. Residents will find an eclectic mix of ranch, tudors, craftsmen, and contemporary architecture. So with spacious homes, walkable, tree-lined streets, and easy access to everything you need, Freedom Park is one of Charlotte’s most sought-after neighborhoods.
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Piper Glen | A Wealthy Charlotte Neighborhood with Urban Conveniences
- Piper Glen population: 7,783
- Piper Glen household income: $100,500
- Piper Glen median housing price: $1,320,000
- Piper Glen homes for sale
Piper Glen is a neighborhood on the southern outskirts of Charlotte, not far from the South Carolina border. Located in between Providence Road and I-485, Piper Glen, commuters can get to downtown Charlotte in about 25 minutes. Residents also have direct access to Stonecrest at Piper Glen, a shopping center with numerous retail stores, restaurants, and a movie theater. The Four Mile Creek Greenway is also in the neighborhood and offers hiking trails, lakes, creeks, and acres of open green space.
Golfers can also check out the TPC Piper Glen, a golf course and country club with a pro shop, clubhouse, tennis courts, and more. You’ll also find various housing styles, from palatial estates to modern townhomes. With a median housing price of over $1.3 million, Piper Glen is one of the richest Charlotte neighborhoods.
Wessex Square | A Wealthy Neighborhood with Attractive Amenities
- Wessex Square population: 5,987
- Wessex Square household income: $99,600
- Wessex Square median housing price: $659,900
- Wessex Square homes for sale
Wessex Square is another one of the wealthiest places to live in Charlotte, with a median household income of just under $100,000. Situated along Pineville-Matthews Road in South Charlotte, Wessex Square has green spaces, rivers, ponds, quiet cul-de-sacs, and peaceful, tree-lined streets. Cedarwood Country Club is located in the neighborhood and features a popular golf course played by the likes of Arnold Palmer, Jack Nicklaus, and Gary Player.
Just across Pineville-Matthews Road are William R. Davie Park and Raintree Country Club for even more activities. Wessex Square offers a good mix of million-dollar mansions and modest ranch homes. It’s also a welcoming community with a family-friendly atmosphere that attracts well-to-do professionals. So with a median property value of 42% higher than the national average, Wessex Square is one of the most expensive neighborhoods in Charlotte.
Providence Estates East | A Community with Spacious Homes in One of the Most Expensive Areas of Charlotte
- Providence Estates East population: 6,932
- Providence Estates East household income: $96,000
- Providence Estates East median housing price: $583,000
- Providence Estates East homes for sale
Just down Providence Road from Wessex Square is the Providence Estates East neighborhood, which also tops the list of wealthiest neighborhoods to live in Charlotte. Located at Providence Road and 1-485 intersection, residents have easy access to downtown Charlotte and other parts of the state. Colonel Francis J. Beatty Park is in the heart of the neighborhood and features soccer fields, tennis courts, a lake, and a trail system.
There are also a variety of shops and restaurants along Providence Road on both sides of the freeway. The community is in a scenic area with low crime and well-respected schools, which attracts families and professionals. It also features spacious homes with perfectly manicured lawns in architectural styles ranging from brick colonial to mid-century modern. So any resident shopping for a tasteful neighborhood with low crime and an easy commute will love Providence Estates East.
Olde Providence South | A Wealthy Charlotte Neighborhood in a Gorgeous Natural Setting
- Olde Providence South population: 5,121
- Olde Providence South household income: $94,100
- Olde Providence South median housing price: $717,500
- Olde Providence South East homes for sale
Olde Providence South is another one of the richest neighborhoods to live in, with a median household income of $94,100. The small crescent-shaped neighborhood runs between Rhea Road and McAlpine Creek and contains several greenspaces and community lakes. Residents are known to enjoy the weekend hiking at Old Providence Park or playing a round of tennis at Olde Providence Racquet Club.
The community is also home to the highly rated Olde Providence Elementary School, one of the top primary schools in the Charlotte-Mecklenburg School System. It’s a peaceful residential neighborhood of detached single-family homes with a median property value of 40% above the national average. So with low crime, scenic beauty, and comfortable homes, Olde Providence South is known for being one of the richest neighborhoods to live in Charlotte.
Map of Wealthiest Neighborhoods in Charlotte, NC
Ready to relocate to one of these upscale Charlotte neighborhoods? Enlist the help of the best Charlotte movers to make your journey simple and stress free. Call 704-378-8588 for a free, personalized moving estimate from the friendly team at Make a Move!