Charlotte’s Most Affluent Areas: Marvin, Weddington and Davidson

Published On: December 5, 2017|Categories: Home Buying|Tags: Affluence Scores in Charlotte, Affluent Areas in Charlotte, American City Business Journals, Charlotte Business Journal, Davidson, Marvin, Weddington|

Charlotte, like many other large cities, has a ring of affluent communities around it – but which areas are among the top?

Charlotte’s Most Affluent Areas: Marvin, Weddington and Davidson

According to American City Business Journals, which looks at 12 distinct factors to rank communities according to affluence levels, Marvin, Weddington and Davidson are the three most affluent places in the Charlotte region. First reported in the Charlotte Business Journal, ACBJ looks at communities with populations over 1,000 and at specific ZIP codes to make affluence determinations. Some factors the organization looks at include:

Home values
Home sizes
Resident occupations
Types of outside income residents bring in
Education levels of residents
Income
Poverty rates

In-town areas, such as Myers Park, Ballantyne and SouthPark are affluent but didn’t make the top 10. The most affluent areas are actually outside city limits.

About Affluence Scores

The ACBJ uses 0 as a baseline for affluence scores across the country – it’s used to represent the average place. The highest affluence score near Charlotte is in Marvin, where the community landed at 241.729 on the index. Other communities’ scores are:

Weddington: 206.395
Davidson: 189.649
Tega Cay, SC: 181.831
Wesley Chapel: 133.206
Huntersville: 112.011
Cornelius: 106.480
Waxhaw: 99.918
Lake Wylie, SC: 93.749
Matthews: 90.610
Lake Norman: 83.853
Harrisburg: 77.841
Mint Hill: 52.259
Fort Mill: 36.320
Charlotte: 25.354

Are You Thinking About Buying a Home in One of Charlotte’s Most Affluent Areas?

If you’re considering buying a home in one of Charlotte’s most affluent areas, we’d love to help you find your dream house. We can show you any listing in these communities, and our local experts can help you map out a plan that puts you in the perfect home.

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