Why Live in Commonwealth
Commonwealth in Charlotte is characterized by its tree-lined streets and a mix of home styles, including Modern Craftsman, ranch-style, and Cape Cod homes. Most houses are under 2,000 square feet, with some newer constructions reaching nearly 4,000 square feet. The neighborhood features small front yards and sidewalks, contributing to its walkability. Commonwealth homes tend to sell quickly, often within a week. Veterans Park is a central green space with amenities like a playground, splash pad, outdoor gym, and sports courts. The nearby Little Sugar Creek Greenway offers nearly 4 miles of paved paths connecting multiple parks. The private Charlotte Country Club provides a golf course designed by Donald Ross, and the Evergreen Nature Preserve offers trails through a 77-acre forest. Commonwealth is adjacent to Plaza-Midwood, Charlotte’s social district, known for its shops, bars, and restaurants along Central Avenue. Notable spots include Diamond diner, Common Market, Giddy Goat Coffee Roasters, and live music venues like The Rabbit Hole and Petra’s. Harris Teeter serves grocery needs. The neighborhood is conveniently located 3 miles from Uptown Charlotte and 10 miles from Charlotte Douglas International Airport. Public schools include Oakhurst STEAM Academy, Eastway Middle, and Garinger High, with nearby private options like Providence Day School and Charlotte Country Day School, both highly rated. Commonwealth is safer than the national average, making it a practical choice for families and professionals alike.
Frequently Asked Questions
Is Commonwealth a good place to live?
Commonwealth is a good place to live, receiving 3.5 stars from its residents. Commonwealth is considered somewhat walkable and somewhat bikeable with some transit options. Commonwealth is a suburban neighborhood. Commonwealth has 6 parks for recreational activities. It is somewhat dense in population with 7.8 people per acre and a median age of 33. The average household income is $104,380 which is above the national average. College graduates make up 71% of residents. A majority of residents in Commonwealth are renters, with 78.4% of residents renting and 21.6% of residents owning their home. A
local real estate agent serving Commonwealth can help you decide if this neighborhood is the right one for you. Learn more on our
Commonwealth neighborhood guide.
Is Commonwealth, NC a safe neighborhood?
Commonwealth, NC is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Commonwealth?
The median home price in Commonwealth is $579,000. If you put a 20% down payment of $115,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,000 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $129K a year to afford the median home price in Commonwealth. The average household income in Commonwealth is $104K.
What are the best public schools in Commonwealth?
The best public schools that serve Commonwealth are:
What are the best private schools in Commonwealth?
The best private schools that serve Commonwealth are:
What are the most popular zip codes in Commonwealth, Charlotte, NC?
What are the most popular neighborhoods near Commonwealth, Charlotte, NC?
Home Trends in Commonwealth, NC
On average, homes in Commonwealth, Charlotte sell after 85 days on the market compared to the national average of 70 days. The median sale price for homes in Commonwealth, Charlotte over the last 12 months is $530,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$530,000
Median Single Family Sale Price
$530,000
Median 2 Bedroom Sale Price
$1,294,500
Average Price Per Sq Ft
$347
Number of Homes for Sale
3
Last 12 months Home Sales
18
Median List Price
$579,000
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
13%