Monroe, NC
Monroe is a suburb located on the southeast side of Charlotte in Union County. It is the county seat of and the second largest municipality in the county. The town is named after James Monroe, the 5th president of the United States, and has been incorporated since 1843. Located near Highway 74, the town is a fantastic location for commuting to larger towns such as Indian Trail, Matthews and Charlotte.
Many people looking for a small town feel or a slower pace of life are considering the town of Monroe. The housing prices are more affordable and people can typically get more for their money. The town has seen steady growth in the past several decades and continues to grow and attract more residents and businesses.
Additional Details
- Total Population (as of 2020 Census): 34,888
- Median Household Income: $52,064
- Employment Rate: 64.7%
- Total Housing Units (as of 2020 Census): 19,216
Source: Census.Gov
Additional Market Details
The housing market in Monroe is strong with steady growth and development. True Homes USA currently has 5 subdivisions in construction, including Creeks Landing which is located in the desirable Weddington School District. Weddington schools in fact are one of the top in the Charlotte area, attracting families every year to their excelling schools! Also, a new energy efficient, low maintenance townhome community called Braemar Village will begin construction in 2023.
Aside from the housing market in particular, it’s important to know just how aggressive the local government is in attracting more opportunities for its residents. Just this past summer, Monroe attracted a large global plastics and chemicals manufacturer, Dymax Corp, to open a new facility in the county. This will add over 227 jobs to the local economy of Union County and aid in showcasing the area’s abundant natural resources in an effort to continue attracting great paying jobs.