Stacker is reporting that home prices in Charlotte are hitting record highs this year after a considerable jump in 2021. Investors accounted for a around 1 in 3 home purchases during the fourth quarter of 2021, according to Redfin data. Some speculate that North Carolina’s relatively low property tax rate is driving its recent real estate boom, but as home values go up, so too will the effective taxes residents are on the hook for.
