Your Kannapolis, NC Real Estate Questions Answered

Are you looking to live in the Charlotte metropolitan area, but you can’t figure out the best place for you? Kannapolis, North Carolina, has a thriving economy, low cost of living, and lots of lifestyle amenities. Its location near Charlotte lets you access the city when you want to but has everything you need close at hand.

When it comes to real estate, Kannapolis is a blend of the old and the new. You will find lots of historic real estate and new developments that include sustainable living. These properties are close to the North Carolina Research Campus, a thriving center for biotechnology and other research in the state.

Learn about Kannapolis real estate in our frequently asked questions guide.

What is the average price of a home in Kannapolis, NC?

The data from December 2021 places Kannapolis’ median home sales price at $250,000, a 22% increase year-over-year. For the entirety of 2021, the median sales price was $240,000, a 29% increase. The monthly supply of inventory stood at 0.6 months, or around two weeks, in December. 

Looking historically at the data for Kannapolis, median sales prices have been steadily rising since about mid-2015. More dramatic increases begin in mid-2021. 

The most affordable listing in February 2022 was $119,000 for a 2-bedroom, 2-bathroom, 960 sq ft condo. The most expensive listing was $2.75 million with 4-bedrooms, 2-bathrooms, over 2,800 square feet on 141 acres. It included stocked ponds, an attached apartment, and outbuildings. 

Are there any condos or townhomes available in Kannapolis, NC? 

Yes, there are condominium and townhome properties available for living in Kannapolis. During February 2022, only five condo and townhome properties were available.

The most expensive listing was a new construction townhome on the market for $342,830. It had 3-bedrooms, 2.5-bathrooms, 1808 sq ft of living space. The most affordable unit was a 2-bedroom, 2-bathroom, 960 sqft condo for $119,999. 

What is the property tax rate for Kannapolis, NC?

Kannapolis charged a $0.63 per $100 valuation property tax rate in 2021-2022. Cabarrus County assessed a $0.74 tax rate. Depending on your specific address, you may have a Kannapolis rural fire district charge of $0.10 per $100 valuation. 

What county is Kannapolis, NC in?

Kannapolis is part of Cabarrus County, where racing lives. Located northeast of Charlotte, North Carolina, Cabarrus County is a growing community with lots of heritage and beauty. The gently rolling countryside is dotted with sloping pastures and farms. 

Among these hills is a racing tradition. In nearby Concord, the Charlotte Motor Speedway is home to NASCAR races. The track hosts music events and a top-notch Christmas light display when the track isn’t roaring. 

Other sporting opportunities and recreation make Cabarrus County an exciting place to live. The new minor league baseball Kannapolis Intimidators launched in the 2021 season at Fieldcrest Cannon Stadium.

Cabarrus County residents have an affordable cost of living. The cost of living index scores Cabarrus County as an overall 93.5 cost of living, making it cheaper than most of the nation, which is indexed at 100.

Is Kannapolis, NC growing?

Cabarrus County is a growing area in the Charlotte MSA. Kannapolis’ location and the expanding North Carolina Research Campus are attracting new residents. The town is adding 1,000 residential units to support employment at the campus.

The 2020 Census counted 53,114 residents in Kannapolis. The city added 10,489 new residents since 2010. 

According to the City’s Planning Commission, it had 7,400 residential units approved or under review in 2021. It expected growth to continue in the following years. 

What neighborhoods are in Kannapolis, NC?

Kannapolis has around 78 new and established neighborhoods to call home.

Downtown Kannapolis is experiencing a revitalization. You’ll find a mix of the old and the new, with historic single-family homes mixed in with condo and townhome developments. 

The neighborhoods with the highest listing prices in the early 2022 market include Pine Creek, Mountain Pine, and Tranquility Estates. The homes in Pine Creek range from 4-6 bedrooms on lots typically 1-3 acres in size. 

New construction is predominantly in the western area of the city. Some neighborhoods with new developments include Kellswater, Trinity Crossing, The Falls, and Austin Corners. 

Kellswater Bridge is an exciting community with many sustainable and environmentally friendly features. It is a newer construction community with homes ranging from two to seven bedrooms. It’s one of the neighborhoods with higher median list prices.

South Kannapolis is an area around 4,300 acres bounded by I-85 and the City of Concord to its South and West. Residents benefit from gateways to Kannapolis and two Interstate interchanges. Commissioners targeted this area for commercial development and redevelopment. Some residential development is found along Dale Earnhardt Boulevard. 

East Kannapolis is a mixture of older, established neighborhoods and newer developments from the 1990s. Some of the smaller lot neighborhoods are along the Little Texas Road Corridor. 

North Kannapolis has seen a lot of development along North Cannon Boulevard. This is an area with established housing in various states. You’ll find historic homes on smaller lots and this general area. 

Northwest Kannapolis is along Kannapolis Lake. The communities here include the Kannapolis Country Club, where large lot residential is predominant. You can also find smaller lots and single-family residential homes along C-Street and A-Street. 

Coddle Creek is an area that has been under development since the 2010s. It is part of the city’s western area and is west of Irish Buffalo Creek. It is a mixture of residential and mixed-use properties. 

Are there any waterfront properties found in Kannapolis, NC? 

Your options are primarily in the northern area of Kannapolis. You can find waterfront properties in Kannapolis. There are a few homes along the Lake Fisher Reservoir and Lake Concord. You can also look around Kannapolis Lake, although a large portion of the Irish Creek Golf Course club sits along the lake.

For additional waterfront real estate, you can find some homes with creeks and streams running along their side or backyards. These include Coldwater Creek and Threemile Branch.

How is golf in Kannapolis, NC?

The Club at Irish Creek is a private club with an 18-hole Davis Love III signature golf course. The course was rated the 30th Best Residential Course in America by Golf Week in 2010. It has hosted qualifying stages for the PGA Tour, Collegiate Championships, and other tournaments. Enjoy views of Kannapolis Lake from 16 of the 18 holes.  

The Club at Irish Creek is the only golf course inside the Kannapolis city limits. However, there are another 25 golf courses within 20 miles of Kannapolis. These include 12 public, six municipal, and seven private courses. The nearby Rocky River Golf Club is one of the highest-rated courses in the area. 

Are there golf course communities in Kannapolis, NC? 

Irish Creek offers lakeside golf course living. Residents here feel like they’re living in the middle of a hardwood forest. The community has deed restrictions, including architectural guidelines that preserve the community’s character. Homeowners become social members of the club, which includes a swimming pool and dining. 

What areas are near Kannapolis, NC?

Nearby modern Concord has a beautifully restored Victorian-era district, one-of-a-kind shops, and local dining around the historic Courthouse. Concord is home to the Charlotte Motor Speedway.

The North Carolina Research Campus is a center for biotechnology research. The 350-acre campus plans call for 100 biotechnology companies and 350,000 square feet of retail and commercial space.

Charlotte and all its amenities are within a 20-30-minute drive. Here you’ll enjoy top-notch dining, craft breweries, professional sports, and live entertainment. Charlotte is home to top universities and health care systems. 

Lake Norman is west, about a 40-45 minutes drive. The expansive lake is like an inland sea, with thousands of acres for sailing, motorboat sports, and fishing. 

What to know about living in Kannapolis, NC

Kannapolis is Cabarrus County’s second-largest city, behind its neighbor Concord. It’s also home to several famous residents, with perhaps the most well-known being NASCAR champion Dale Earnhardt and his son. It started as a mill town, but today it is transforming into a technological hub. Eight universities have hubs in Kannapolis, all tied to the North Carolina Research Campus. 

Kannapolis may be undergoing revitalization and experiencing development, but the city has made efforts to preserve its scenic beauty. You will find lots of parks, walking trails, and green spaces in the towns and neighborhoods. The older areas have a lot of historic craftsman-style homes.

Residents have many benefits to living in Kannapolis. Its convenient location, thriving economy, excellent school system, and lower cost of living make it a great choice in the Charlotte metro region. 

If you’re looking at living in Kannapolis, contact a local real estate agent to find the right neighborhood for you.