Why Live in Commonwealth
Commonwealth is a Charlotte neighborhood where tree-lined suburban streets are walkable to parks and Plaza Midwood, the city’s popular social district. Shops, bars, and restaurants fill developments along Central Avenue, including the Diamond Restaurant, a diner that’s been open since 1945, and The Giddy Goat Coffee Roasters, a trendy spot for breakfast and lattes. Live music spills out of venues like The Rabbit Hole and Petra’s. Harris Teeter stocks groceries. Townhouses and condo buildings are built near these commercial areas. Away from Plaza Midwood, buyers can find single-family homes that range from Modern Craftsman to ranch-style and Cape Cod homes. Most houses are under 2,000 square feet, but some newer construction houses reach nearly 4,000 square feet. Front yards are usually small, and sidewalks make it easy to walk around the community. Homes often sell within a week. Next to the U.S. Army Reserve Center, Veterans Park is a central space to enjoy the playground, splash pad, outdoor gym, and sports courts. The Little Sugar Creek Greenway’s 4 miles of paved paths travel between multiple parks. The Charlotte Country Club offers a private 18-hole golf course close to home. The Evergreen Nature Preserve is a little farther away, full of trails that run throughout a 77-acre forest. Commonwealth is around 3 miles from Uptown Charlotte by way of U.S. Route 74 or Central Avenue. Charlotte Area Transit System buses and bike-friendly streets offer alternative ways to get around. Charlotte Douglas International Airport is about 10 miles from home.
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 fairly walkable and bikeable with some transit options. Commonwealth is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. 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 below 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 a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Commonwealth?
The median home price in Commonwealth is $774,500. If you put a 20% down payment of $154,900 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $3,840 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $165K a year to afford the median home price in Commonwealth. Learn how much home you can afford with our
Home Affordability Calculator. 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 64 days on the market compared to the national average of 56 days. The median sale price for homes in Commonwealth, Charlotte over the last 12 months is $620,000, down 12% from the median home sale price over the previous 12 months.
Median Sale Price
$620,000
Median Single Family Sale Price
$961,250
Median 2 Bedroom Sale Price
$387,500
Average Price Per Sq Ft
$398
Number of Homes for Sale
1
Last 12 months Home Sales
11
Median List Price
$774,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-12%
