Myers Park

Charlotte, NC

Neighborhood Market Analysis

Q3 2025 Report
$1,525,000 (as of July 2025)
Median Home Price
63 (Walk Score: "Somewhat Walkable")
Walkability Score
Consistently A-rated public and private schools; highly sought after for families.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bordered by Queens Road, Providence Road, and Kings Drive, extending south to Selwyn Avenue and east to Briar Creek.

Zip Codes

2820728209

Market Data Summary

Price Range$950,000 to $4,500,000+
Price per Sq Ft$520 - $700/sq ft (depending on lot, renovation, and street)
Inventory LevelsInventory up 18% year-over-year; 3.2 months of supply (highest since 2020).

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric estatesLuxury condos (limited)Townhomes (very limited)

Architectural Styles

Colonial RevivalGeorgianTudorCraftsmanModern infill

Property Details

Typical Lot Sizes0.25 to 1 acre (larger on Queens Rd and Ardsley Rd)
Home Age Range1920s–present (many 1920s-1940s historic homes, plus new luxury infill)
Construction QualityHigh; many homes feature custom finishes, mature landscaping, and extensive renovations.

Community Profile

Demographics & Lifestyle

Demographics

Affluent, highly educated, predominantly White (approx. 85%), median household income over $200,000, mix of established families, professionals, and retirees.

Community Vibe

Historic, prestigious, quiet, and community-oriented with active neighborhood associations.

Typical Residents

  • Established families
  • Executives/professionals
  • Retirees
  • Some young affluent buyers

Family Friendly

Very; top-rated schools, parks, and walkable streets attract families.

Amenities & Lifestyle

Parks & Recreation

  • Freedom Park
  • Little Sugar Creek Greenway
  • Myers Park Country Club

Dining Options

  • Stagioni
  • RuRu's Tacos & Tequila
  • Napa on Providence

Shopping Centers

  • Park Road Shopping Center
  • Specialty boutiques along Selwyn Ave and Providence Rd

Local Businesses

  • Reid's Fine Foods
  • Myers Park Hardware
  • Park Road Books

Education & Schools

Consistently A-rated public and private schools; highly sought after for families.
Overall School Rating

Elementary Schools

  • Myers Park Traditional
  • Selwyn Elementary

Middle Schools

  • Alexander Graham Middle

High Schools

  • Myers Park High

Private Schools

  • Charlotte Country Day
  • Trinity Episcopal
  • Charlotte Latin (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • CATS bus routes along Providence and Kings Dr

Major Roads

  • Providence Rd
  • Queens Rd
  • Selwyn Ave
  • Kings Dr

Commute & Walkability

Commute Times10-15 minutes to Uptown Charlotte; 20-25 minutes to Charlotte Douglas International Airport
WalkabilityGood for errands and recreation, but car needed for most daily needs.
ParkingOn-street and driveway parking; some homes have garages, but street parking can be limited during events.

Marketing Intelligence

Target Buyer Types

  • Affluent families
  • Executives
  • Relocating professionals
  • Retirees

Key Selling Points

  • Prestigious address
  • Top-rated schools
  • Historic homes with character
  • Walkability to parks and dining

Pricing Considerations

Price competitively; buyers expect value and may negotiate for repairs or upgrades.

Common Objections & Response Strategies

Objection: Older homes may need costly updates or repairs.

Response Strategy:

Provide inspection reports and estimates; highlight recent renovations and available warranties.

Objection: High price per square foot compared to newer suburbs.

Response Strategy:

Emphasize location, school quality, and historic value; compare long-term appreciation.

Objection: Limited walkability for daily errands.

Response Strategy:

Show proximity to parks, dining, and planned infrastructure improvements.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; long-term value is strong due to historic character and location, but short-term appreciation is flat in 2025.

Rental Demand

High for luxury rentals and executive relocations, but limited inventory.

Buyer Competition

Less intense than 2021-2022; buyers have more leverage and time to negotiate.

Best For

  • Long-term homeowners
  • Luxury buyers
  • Families seeking top schools

Potential Concerns

  • High property taxes
  • Older homes may require significant maintenance
  • Rising inventory could pressure prices short-term

Professional Recommendations

1

Educate buyers on historic home ownership and maintenance costs.

2

Leverage professional photography and staging to highlight unique features.

3

Network with relocation specialists and executive recruiters.

4

Price listings realistically based on current inventory and recent comps.

5

Prepare for longer days on market and negotiate strategically.

Competitive Analysis

Comparable Markets

  • Eastover
  • Dilworth
  • Foxcroft

Market Positioning

Premium, historic, family-oriented neighborhood with enduring appeal.

Competitive Advantages

  • Historic character
  • Prestige and established landscaping
  • Top schools

Price Comparison

Myers Park commands a 20-30% premium over most Charlotte neighborhoods, but is comparable to Eastover and Foxcroft.

Investment Metrics

2.5% - 3% (luxury residential)
Cap Rates
2% - 2.5% (limited by high entry prices)
Rental Yields
High (35-40), indicating stronger value for owner-occupants than investors
Price-to-Rent
Low for traditional rentals; higher for luxury furnished or executive rentals
Cash Flow
Flat to +2% in 2025; stronger long-term due to location and school draw
Appreciation

Buyer Journey Insights

First-Time Buyers

Rare due to high prices; those who buy are typically high-earning professionals or dual-income households.

Move-Up Buyers

Common; many buyers are moving from other Charlotte neighborhoods for schools and prestige.

Downsizers

Some interest in smaller historic homes or luxury condos, but limited inventory.

Investors

Focus on luxury flips or furnished executive rentals; long-term hold recommended.

Relocators

High demand from executives and professionals moving to Charlotte for work.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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