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When people think of Charlotte, they often picture its bustling Uptown district, but the true essence of living in Charlotte extends beyond the city center. The suburbs of Charlotte offer a range of residential areas that provide a quieter, more relaxed lifestyle while still offering easy access to the city’s amenities. These Charlotte suburbs stretch across various parts of the metropolitan area, each bringing its own unique charm and appeal.

In this ApartmentGuide article, we’ll explore some of the most notable Charlotte suburbs—from vibrant communities to peaceful, tree-lined neighborhoods—highlighting key details like population, average rent, and what makes each suburb special. Whether you’re searching for the perfect apartment in Charlotte or curious about the different Charlotte neighborhoods, let’s discover the best parts of Charlotte to call home.

Cost of living in Charlotte

Before we dive into the top Charlotte suburbs, let’s cover how much it costs to live in Charlotte. The overall cost of living in Charlotte is about 2% lower than the national average. Housing plays a significant role in this, with the median sale price for a home in Charlotte at $410,000, which is slightly lower than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Charlotte at $1,484, close to the national average of $1,514.

While some suburbs around Charlotte offer more affordable options, others can be just as expensive, if not more. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities depending on your budget and preferences.

If you’re looking for more specific rental insights, check out our guides on the 8 Most Affordable Neighborhoods in Charlotte, NC for Renters in 2024 and the 13 Most Expensive Neighborhoods in Charlotte to Rent in 2024.

1. Ballantyne

Known for: Upscale living, golf courses, and commercial development

Ballantyne, located in the southern part of Charlotte, has quickly grown into one of the most popular suburbs for those seeking a higher-end lifestyle. Known for its well-planned communities, Ballantyne offers everything from townhomes to luxury estates. The area is also home to the Ballantyne Corporate Park, which hosts many major businesses, making it convenient for those who want a short commute to work. Golf enthusiasts will appreciate the pristine courses, and the area’s proximity to shopping centers and restaurants adds to its appeal.

Population: 70,000
Average rent for a one-bedroom apartment: $1,484
Median home sale price: $417,000
Ballantyne transportation scores: Walk Score 29, Bike Score 24, Transit Score 6

Apartments for rent in Ballantyne, NC | Houses for rent in Ballantyne, NC | Homes for sale in Ballantyne, NC

2. Matthews

Known for: Historic charm, welcoming atmosphere, and walkability

Located just southeast of Charlotte, Matthews combines a rich history with modern amenities. Known for its walkable downtown area, Matthews offers a mix of local shops, restaurants, and community events, making it feel like a small town while still being close to Charlotte’s bustling business hubs. Its historic charm can be seen in the well-preserved buildings along Main Street, while the area also features newer developments. Matthews is popular among those looking for a blend of small-town vibes with easy access to the big city.

Population: 34,000
Average rent for a one-bedroom apartment: $1,389
Median home sale price: $546,250
Matthews transportation scores: Walk Score 16, Bike Score 24

Apartments for rent in Matthews, NC | Houses for rent in Matthews, NC | Homes for sale in Matthews, NC

3. Huntersville

Known for: Lake Norman access, outdoor recreation, and growing business sector

Huntersville, located to the north of Charlotte, offers residents scenic views of Lake Norman and a variety of outdoor activities. From boating to hiking, the area is perfect for outdoor enthusiasts. In addition to its recreational opportunities, Huntersville has experienced rapid growth in both residential and commercial development, attracting those who want to live close to Charlotte but prefer a more suburban feel. The town also offers a variety of housing options, from spacious suburban homes to apartments with lake views.

Population: 61,000
Average rent for a one-bedroom apartment: $1,585
Median home sale price: $560,000
Huntersville transportation scores: Walk Score 16, Bike Score 28

Apartments for rent in Huntersville, NC | Houses for rent in Huntersville, NC | Homes for sale in Huntersville, NC

4. Cornelius

Known for: Waterfront living, proximity to Lake Norman, and relaxed pace

Cornelius is another lakeside suburb, located just south of Davidson. Known for its relaxed pace and access to Lake Norman, Cornelius offers a wide range of housing, from affordable homes to luxury lakefront properties. The town has developed a vibrant community, with restaurants, shops, and outdoor spaces adding to its appeal. Cornelius is ideal for those looking to live near the water and enjoy an easy-going lifestyle while still having access to everything Charlotte has to offer.

Population: 32,000
Average rent for a one-bedroom apartment: $1,668
Median home sale price: $525,000
Cornelius transportation scores: Walk Score 26, Bike Score 32

Apartments for rent in Cornelius, NC | Houses for rent in Cornelius, NC | Homes for sale in Cornelius, NC

5. Davidson

Known for: Historic charm, Davidson College, and cultural offerings

Located north of Charlotte, Davidson is best known for its prestigious Davidson College and charming historic district. The town’s well-preserved architecture and cultural activities, such as festivals, concerts, and markets, make it a unique and inviting suburb. Davidson also has a strong sense of community, and its walkable downtown is filled with locally-owned shops, cafes, and restaurants. With a mix of historic homes and new developments, Davidson is a desirable area for those seeking a suburban lifestyle with a touch of cultural flair.

Population: 13,000
Average rent for a one-bedroom apartment: $1,210
Median home sale price: $737,500
Davidson transportation scores: Walk Score 81, Bike Score 60

Apartments for rent in Davidson, NC | Houses for rent in Davidson, NC | Homes for sale in Davidson, NC

6. Mint Hill

Known for: Quiet suburban living, local parks, and community feel

Mint Hill is located east of Charlotte and offers a quiet suburban atmosphere. It’s known for its well-kept parks and local community events, such as farmers’ markets and festivals, which foster a strong community bond. Housing options in Mint Hill vary, from quaint cottages to larger homes, and the area provides a peaceful retreat from the hustle and bustle of Charlotte. With expanding retail and dining options, Mint Hill is increasingly becoming a sought-after location for those wanting suburban charm close to the city.

Population: 26,000
Average rent for a one-bedroom apartment: $1,376
Median home sale price: $565,000
Mint Hill transportation scores: Walk Score 10, Bike Score 21

Apartments for rent in Mint Hill, NC | Houses for rent in Mint Hill, NC | Homes for sale in Mint Hill, NC

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Charlotte area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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As winter approaches, it may make sense to prepare for the cold weather by sealing cracks and holes around doors and windows no matter where you live. Proactive steps like these may help cut down on your heating bills.

If you’re bracing for a big chill, or worse, a blizzard — predicted to become more intense in the coming years, despite shorter winters — you’ll be glad you protected or checked the pipes, roof, chimney, heating system, and water heater. Your wallet and physical well-being may benefit from the following ways to winterize a house and how to finance the projects.

Ways to Winterize a House

There are numerous ways to winterize a house beyond sealing cracks in doors and windows. And while the steps to winterize a home may differ in Alaska than in Texas, it still helps to get ahead of any issues that may arise.

You should also know that the timing of the first frost can vary from state to state. It may help to check the National Weather Service’s data that forecasts the first frost for each state to assist in your winterization preparation timeline.

The following tips to winterize a house may help you reduce future repair costs and heating bills. And figuring out ways to lower your heating bills is something to pay attention to due to the potential rise of the price of natural gas, which is often used to heat homes.

Protect Pipes or Pay the Piper

When deciding how to winterize a house, you may first consider how to address plumbing leaks and other issues.

Burst pipes can cause $5,000 or more in damage, according to Consumer Reports , citing information from the Insurance Institute for Business and Home Safety , which has a page of recommendations to help prevent frozen pipes.

Pipes in unheated places inside a home, including basements, attics, and garages, are among the most likely to sustain damage. But pipes running through exterior walls can also freeze in certain conditions, and so can those running through kitchen or bathroom cabinets.

Protecting the plumbing is clearly a situation where being proactive may save a homeowner money.

Pipe insulation can be as inexpensive as 50 cents per linear foot. Compare that to the $5,000 figure above, and the rewards of winterization can quickly become clear.

Adding insulation to attics, crawl spaces, and basements can help to keep those areas warmer, which can also help to keep pipes from freezing.

If sinks are located on exterior walls, it can help to keep the cabinet doors open during frigid temperatures (after removing any dangerous chemicals, including cleaners, if there are children or pets in the home).

Allowing cold water to drip can also help prevent pipes from freezing, making sense in frigid temperatures.

Address HVAC Maintenance and Repair

Nobody wants the heating system to perform poorly during the winter — much less have it break down.

It’s a good idea to schedule a professional maintenance appointment, including a filter change before freezing temperatures arrive. (Then it’s best to change the filter at least every 90 days.)

Additionally, maintenance and repairs to the heating, ventilation, and air conditioning (HVAC) system and cleaning out vents can improve airflow in your home.

It may be time to consider a new HVAC system for some people. The U.S. Department of Energy’s Energy Star program provides tips to homeowners to decide if replacing an HVAC system makes sense.

Signs that it might be time to replace the unit include:

•   The heat pump is more than 10 years old.

•   The furnace or boiler is more than 15 years old.

•   The system needs frequent repairs, and energy bills are increasing.

•   Rooms in the home can be too hot or too cold.

•   The HVAC system is noisy.

If people in a home are away during reasonably regular times of the day, it can make sense to ask the HVAC professional about a programmable thermostat to save on energy costs.

The Environmental Protection Agency’s Home Energy Yardstick can help a homeowner determine if replacing an HVAC system makes sense.

Check the Roof, Gutters, and Chimney

Before winter hits, clearing the roof and gutters of leaves and other debris will help prevent snow and ice from building up and damaging the gutters — or, worse, the roof.

If ice or snow gets beneath roof shingles, it can lead to leaks and interior water damage. You may want to ask yourself if you need to replace your gutters. Do any shingles need to be glued down or replaced? Do any small leaks need to be repaired before they become big ones?

Plus, a chimney inspection can make sense before winter arrives. A chimney could have an animal nest lodged within, and there can also be structural problems. If the home has a wood-burning fireplace, creosote buildup can create a fire hazard. With a gas fireplace, a blocked chimney could lead to carbon monoxide backup, which can be life-threatening.

Addressing all these issues before winter comes can help you prevent future damage, reduce future repair costs and energy bills, and avoid a potential accident.

Examine the Water Heater

You want to check your water heater before temperatures plunge to avoid a chilly shower during winter.

Are areas of the water heater rusting or corroding? If so, this can lead to a leak. A professional can examine it, bleed the system to remove trapped air and mineral deposits, clean the pipes, and recommend and do repairs.

Think About Outdoor Equipment and Plants

Preventive winterization isn’t just about your home. You want to winterize your outdoor equipment, like a lawn mower or other power tools, to protect them as well.

Draining the oil from the appropriate equipment and taking it to a local recycling or hazardous-waste site can be your first step.

You also want to take care of general maintenance on equipment, including replacing old parts. That way, when spring rolls around and you need to mow your lawn or trim your bushes, you should be ready to go.

Additionally, inspect gas caps to ensure O-rings are intact; if not, get replacements from the manufacturer. Also, replace filters and lubricate what needs lubricating.

You may need to bring in the plants you initially placed outside to enjoy the summer sun when temperatures drop. Before doing so, check the plants for mealybugs, aphids, and other insects. Remove them, so they don’t spread to other plants.

Some people prefer to prune plants before transitioning them back into the house. If so, prune no more than one-third of each, pruning an equal amount off the roots. When repotting, pick a container that’s two or more inches bigger than the current one.

Gradually transition your plants to the new environment, which has different light and humidity levels. For a few days, bring the plants inside at dusk and put them back outside in the morning.

Over a period of 14 days or so, increase the indoor time until the process is complete and they’ve become indoor plants again, finishing the transition before temperatures go down to 45 degrees.

What’s the Cost of Winterizing a Home?

Pipe insulation, as noted earlier, can be relatively cheap, perhaps 50 centers per linear foot.

If a homeowner decides to insulate further, perhaps an attic, costs can range between $1.50 and $7.00 per foot, or a total of $1,700 to $2,100.

On average, an attic insulation installer may charge $70 an hour. If electrical work needs to be done for safe insulation around cables or junction boxes, you may expect to pay $80 an hour.

To hire someone to clean gutters and downspouts, you may pay an average of $119 to $227. An HVAC inspection might cost $325 and up, while the cost to replace an HVAC system could run between $5,000 and $10,000, depending upon the size of the home, among other factors.

What each of these services costs will depend on the locale, what types of repairs or unusual circumstances exist, and so forth.

Additionally, there are websites that allow a homeowner to enter a ZIP code and get an estimate of what a winterizing activity may cost. It makes sense to get quotes from local professionals to get an exact price.

Financing Winterization Projects

Some people pay for their home winterization costs out of pocket, while others may decide to get a home improvement loan. If you’re leaning toward a loan, comparing a home equity line of credit (HELOC) and a personal loan can make sense.

Recommended: How Do Home Improvement Loans Work?

A HELOC uses your home as collateral; for this to be an option, there needs to be enough equity in the property to borrow against it. If there is, and the loan amount required is large, it could make sense to apply for a HELOC.

Interest rates may be lower than those for a personal loan. Also, you can typically take draws from a HELOC up to the loan’s limit.

So if winterizing is coupled with indoor projects done through the cold season, for example, this might be a practical solution. In some cases, interest payments could be tax-deductible.

Recommended: The Different Types Of Home Equity Loans

A personal loan can make sense for recent homebuyers who haven’t built enough equity or for people planning smaller projects. Home winterization often fits into this category.

Applying for and receiving money from an unsecured personal loan is typically much faster than with a HELOC, partly because no appraisal is required for the loan.

Having an excellent credit score and cash flow can help a borrower get approved or receive better loan terms.

The Takeaway

Preparing your home for the harsh weather of winter can be one step you take to protect your house and potentially reduce your energy bills. However, many homeowners don’t take steps to winterize a house due to the upfront costs. Fortunately, there are ways to finance any home improvement projects.

If taking out a home improvement loan for home winterization projects makes sense, then here’s more about the fixed-rate unsecured personal loans offered by SoFi:

•   Personal loans have no origination fees and no prepayment penalties.

•   Qualifying borrowers may be eligible for loans up to $100,000.

•   Applying online can be quick and easy.

•   Customer service is available to help seven days a week throughout the process.

Winterize and protect your home with SoFi home improvement loans.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Source: sofi.com

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While paying off your credit cards often helps improve your credit, this isn’t always the case. Depending on the strategy you use to wipe away your debt, you could (inadvertently) do some damage to your scores. This could make it harder to get a mortgage, car loan, or even a rental agreement in the future. Here’s what you need to know to pay down your credit obligations while protecting your credit.

What Not to Do: Ignoring Credit Card Debt

When it comes to credit card debt, the consequences of avoidance and procrastination are steep, both to your financial well-being and to your credit scores. Here’s a look at the potential fallout.

•   Interest charges will pile up: Generally, the longer you avoid paying down your debt, the more interest will accrue. The average interest rate on credit cards as of September 2024 is 27.64%. This means that even if your debt isn’t growing through new purchases, interest alone can make your balance balloon over time.

•   Late fees and credit damage: Credit card issuers usually charge fees if you don’t make the minimum payment by the due date. After 30 days of no payment, your issuer will likely report the missed payment to the credit bureaus, which can do significant damage to your credit scores. Maintaining a balance also keeps your credit utilization (how much of your available credit you’re using) high. Credit utilization plays a large role in your credit rating. As your balance grows, your credit score will generally decline.

•   Debt collection and legal consequences: Ignoring credit card debt for too long could lead to the debt being sold to a collection agency, who can be aggressive in pursuing repayment. In extreme cases, your creditors might sue you, potentially leading to wage garnishment or seizure of personal assets.

What You Should Consider: Paying off Credit Card Debt Using a Planned Approach

If you have a significant amount of credit card debt, it may be tempting to bury your head in the sand. But you’ll be far better off coming up with a clear, actionable plan to start whittling down what you owe. The following steps can help you feel more in control over your debt, as well as your overall financial situation.

•   Assess your debt. A good place to start is to list out all of your credit card balances, along with their interest rates and minimum payments. This will give you a full picture of what you owe.

•   Create a basic budget. You don’t have to come up with a detailed line-item spending plan. Simply go through your last few months of financial statements and assess what’s coming in and going out, on average, each month. Then comb through your discretionary (unnecessary) monthly spending and look for places where you can cut back. Any money you free up can go toward credit card payments. 

•   Pick a debt payoff strategy. Here’s a look at two popular approaches that can help you gradually pay down your balances.

•   Avalanche method: Here, you make extra payments on the credit card with the highest interest rate first, while making minimum payments on the others. Once the highest-rate card is paid off, you funnel those extra funds toward the card with the next-highest rate, and so on. This strategy minimizes the amount of interest you’ll pay over time.

•   Snowball method: With this method, you put extra payments toward the card with the smallest balance first, while making minimum payments on the others. When that card is cleared, you focus on paying off the next-smallest balance, and so on. This gives you quick wins and a psychological boost, which can help you stay motivated. 

•   Take advantage of windfalls: If you get a bonus, tax refund, or any extra income, consider applying it toward your credit card debt. This can help you reduce your balance faster and lower the total amount of interest you’ll pay.

•   Automate your payments: It’s a good idea to set up automatic payments for at least the minimum payment due each month. You may be able to pay more, but having this set up in advance helps you avoid missed payments, which can harm your credit score, as well as late fees.

•   Keep paid-off accounts open. As you pay off your cards, you may think it’s a good idea to close those accounts — but not so fast. When you close a credit card, you lose that account’s available credit limit. That means any balances remaining on other credit cards will then account for a higher percentage of your total available credit. This increases your credit utilization, which can hurt credit scores.

Negotiating and Settling Credit Card Debt

If you’ve been struggling to make payments on your credit cards, there’s a good chance your credit score has been negatively affected. Before the debt is sent to collections, you may be able to negotiate with the credit card company.

Like any business, the primary goal of a credit card company is to make a profit. When it becomes apparent that a cardholder is unable to pay their bills, companies are sometimes willing to find an arrangement that will enable the customer to make payments based on their situation. Here’s a look at some options a credit company may be able to offer.

•   Workout agreement: With this arrangement, the credit card company may agree to lower your interest rate or temporarily waive interest altogether. They may also be willing to take additional steps to make it easier for you to repay your debt, such as waiving past late fees or lowering your minimum payment. 

•   Debt settlement: In a debt settlement, the credit card company agrees to accept less than the full amount you owe, forgive the rest, and close the account. While this might seem appealing, a debt settlement can negatively affect your credit scores and stay on your credit reports for seven years. As a result, it’s generally considered a last-resort option for those facing severe financial difficulties.

•   Hardship agreement: Some card issuers offer a hardship or forbearance program for borrowers who are experiencing a temporary financial setback, such as a job loss, illness, or injury. Under these programs, the company may agree to lower your interest rate, even temporarily suspend payments. However, your credit can be negatively affected, since the issuer may report negative information to the credit bureaus during the forbearance period.

What Is the Statute of Limitations on Credit Card Debt?

The statute of limitations governs how long a creditor or collection agency can sue you for nonpayment of a debt. The statute of limitations on credit card debt varies from state to state, but is typically between three and six years. Once the statute of limitations has passed, debt collectors can’t win a court order for repayment.

Even if your credit card debt is past the statute of limitations, however, it doesn’t magically disappear. Unpaid debts can remain on your credit report for up to seven to 10 years from the date of your last payment. That negative mark can lower your credit scores, making it hard to qualify for new credit cards and loans with attractive rates and terms in the future. 

Say Goodbye to Credit Card Debt with a Personal Loan

Consolidating credit card debt with a personal loan (often referred to as a debt consolidation loan) can be an effective way to lower your debt and simplify repayment.

To do this, you essentially take out an unsecured personal loan, ideally with a lower interest rate than you’re paying on your cards, then use it to pay off your balances. Moving forward, you only have one payment (on your new loan). An online personal loan calculator can show you exactly how much interest you could save by paying off your existing credit card (or cards) with a personal loan.

Initially, debt consolidation can negatively impact your credit score. This is because the lender will do a hard pull on your credit, which can decrease your score by a few points. However, this decline is temporary. Making consistent, on-time payments on your personal loan can help boost your credit profile over time. Payment history makes up 35% of your overall FICO® credit score.

If, on the other hand, you make any of your loan payments late, or miss a payment entirely, credit consolidation can end up having a damaging impact on your credit.

Recommended: FICO Score vs Credit Score 

The Takeaway

Credit card debt can be a major financial burden, but it doesn’t have to ruin your credit or your financial future. By avoiding the temptation to ignore your debt and adopting a planned approach, you can gradually reduce what you owe. Whether you choose to use a paydown strategy (like avalanche or snowball), negotiate with creditors, or explore a consolidation loan, there are various strategies to help you regain control of your finances while protecting — and ultimately building — your credit.

Ready for a personal loan to pay off credit card debt? With low fixed interest rates on loans of $5K to $100K, a SoFi Personal Loan for credit card debt could substantially decrease your monthly bills.

SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

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Source: sofi.com

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From lively cities like Indianapolis and charming college towns like Bloomington to the quiet rural landscapes of southern Indiana, the state offers a diverse range of living experiences. But as with any state, Indiana has its own unique set of pros and cons. Let’s take a closer look at what the Hoosier State has instore.

Is Indiana a good place to live?

If you’re considering moving to Indiana you’ll happily find affordable living, and access to major industries, particularly in manufacturing, agriculture, and healthcare. These factors alone make Indiana a good place to live. The state is also known for its friendly communities, and an emerging tech scene in cities like Indianapolis. However, some cons of living in the state include freezing weather, limited public transportation options in many areas.

Indiana state overview

Population 6,785,528
Biggest cities in Indiana Indianapolis, Fort Wayne, Evansville
Average rent in Indianapolis $1,253
Average rent in Fort Wayne $1,139
Average rent in Evansville $847

1. Pro: Renting is affordable

One of Indiana’s greatest advantages is its affordability. The cost of living is consistently lower than the national average, with affordable housing options in both urban and rural areas. Cities like Fort Wayne and Evansville offer lower rents compared to larger metropolitan areas. For instance, in Fort Wayne, the average rent for a one-bedroom apartment is around $1,139 per month, while Evansville sees averages closer to $850. This affordability extends to suburban and rural areas as well, where rental prices can drop to as low as $700 to $800 per month, further enhancing Indiana’s appeal as an affordable place to live.

2. Con: Limited public transportation outside larger cities

Outside of larger cities like Indianapolis, public transportation options in Indiana are limited, which can make commuting more difficult. Most residents rely on cars to get around, and rural areas often lack any form of reliable public transport. Those living in rural communities may find themselves facing long distances to reach essential services, schools, and employment opportunities.

3. Pro: Thriving sports culture

Indiana takes its sports seriously. From the iconic Indianapolis 500 to the fervor around Indiana University’s basketball team, sports play a major role in the state’s culture. The Indianapolis Colts (NFL) and Indiana Pacers (NBA) have strong fan bases, while high school basketball is a way of life in many small towns.

Insider scoop: If you want to experience Hoosier Hysteria firsthand, catch a high school basketball game in a small town – you’ll see why basketball is so important here.

4. Con: Freezing winters

Indiana’s weather can be tough to handle, especially during the winter months. Northern Indiana, near Lake Michigan, experiences lake-effect snow, which can result in heavy snowfalls averaging around 40 inches annually. The rest of the state isn’t spared either, with average winter temperatures ranging from 20°F to 35°F. Cold temperatures, icy roads, and wind chills often make winter travel difficult, with wind chills occasionally dropping below zero.

Insider scoop: To cope with the winter conditions, many locals recommend investing in a good set of winter tires and keeping an emergency kit in your vehicle.

5. Pro: Central location

Indiana’s central location makes it an ideal hub for both business and leisure travel. Situated within a day’s drive of several major metropolitan areas, including Chicago, Detroit, and Cincinnati, residents can easily access urban amenities, cultural experiences, and job opportunities in neighboring states. For example, Indianapolis, the state capital, is about a three-hour drive to Chicago, making it easy for residents to enjoy the Windy City’s shopping, dining, and entertainment while returning home the same day.

6. Con: Flat landscapes

Indiana’s topography is characterized by its flat landscape, which can sometimes lack the natural beauty found in more mountainous or varied regions. While the flatness of the state facilitates agricultural productivity—Indiana is known for its corn and soybean fields—it can also contribute to a sense of monotony for residents. The absence of significant elevation can limit outdoor recreational opportunities like hiking and mountain biking, as the state has fewer elevated trails or panoramic vistas. 

Insider scoop: The Brown County State Park features some of the best trails in the state, perfect for hiking, biking, and enjoying nature away from the flat terrain that characterizes much of Indiana.

7. Pro: Low traffic and commute times

Indiana is known for its relatively low traffic congestion and manageable commute times, particularly when compared to larger metropolitan areas in states like California or New York. In cities like Indianapolis, the average commute is around 25 minutes, which is significantly lower than many national averages. 

8. Con: Tornado risks

While Indiana enjoys a diverse climate, it is also part of the region known as “Tornado Alley.” This classification means that the state is susceptible to severe weather, particularly during the spring and early summer months when conditions are perfect for tornado formation. Communities across Indiana have experienced tornadoes, with some causing significant damage to homes, businesses, and infrastructure. 

9. Pro: Beautiful state parks

Indiana is home to a variety of stunning state parks that showcase the state’s natural beauty and provide ample opportunities for outdoor recreation. You’ll find unique ecosystems in Indiana, like the Dunes National Park along Lake Michigan, perfect for hiking and wildlife watching. Additionally, Brown County State Park, often referred to as the “Little Smokies,” features over 15 miles of trails winding through dense forests, making it a popular destination for both novice and experienced hikers. 

10. Con: Humidity in the summer

Indiana summers can be characterized by high humidity levels, which can create discomfort for residents, especially during the peak months of July and August. The combination of heat and humidity can make outdoor activities less enjoyable, as temperatures often soar into the high 80s and 90s, with humidity levels exceeding 70%. This sticky weather can lead to a feeling of heaviness in the air, making it challenging for individuals to engage in physical activities or simply enjoy time outside. 

Insider scoop: To beat the summer humidity, locals often recommend spending a day at the various lakes around the state, such as Lake Monroe or Geist Reservoir.

Pros and cons of living in Indiana: Overview

Pros Cons
Renting is affordable Limited public transportation outside larger cities
Thriving sports culture Freezing winters
Central location Flat landscapes
Low traffic and commute times Tornado risks
Beautiful state parks Humidity in the summer

Ana is a Marketing Specialist who loves to write about home improvement and local insights. Living in the Greater Seattle area, she enjoys traveling and spending time outdoors.

Source: rent.com

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Located just southeast of Las Vegas, Henderson offers a unique desert lifestyle without all the buzz of the bright lights on The Strip. As one of the fastest-growing cities in the state, living in Henderson means suburban comfort with proximity to world-class entertainment. 

Whether you’re looking for outdoor activities, a strong job market, or a more relaxed alternative to Vegas, Henderson has plenty to offer. All that said, it’s important to weigh the pros and cons of living in Henderson before making the decision to move.

Henderson at a glance

Walk Score: 30 | Bike Score: 44 | Transit Score: 25
Median Sale Price: $495,124 | Average Rent for 1-Bedroom Apartment: $1,693
Henderson neighborhoods | Houses for rent in Henderson | Apartments for rent in Henderson | Homes for sale in Henderson

1. Pro: Proximity to Las Vegas 

Living in Henderson means you’re just 15 minutes away from the Las Vegas Strip. This gives you access to world-class entertainment, dining, and shopping without having to live in the hustle and bustle of the city itself.

2. Con: Impacted by Vegas traffic

While being close to Las Vegas is convenient, commuting during peak hours can be frustrating. Highways like I-215 and I-515 can experience heavy traffic, particularly on weekends and during events.

3. Pro: Access to the great outdoors 

Henderson is just a short drive from attractions like Lake Mead and the Sloan Canyon National Conservation Area. These areas provide ample opportunities for hiking, boating, and camping, making it ideal for nature lovers. Needless to say, there’s always something to do in Henderson.

4. Con: Hot summers 

While it may not be one of the hottest cities in the U.S., summers in Henderson can be extremely hot, with temperatures frequently reaching over 100 degrees. The heat can make outdoor activities challenging, especially during the summer months.

5. Pro: Growing job market 

Henderson’s growing economy includes industries like healthcare, education, and tech. Major employers like Amazon and the Henderson Hospital contribute to steady job growth and career opportunities.

6. Con: Limited public transportation 

Public transportation in Henderson is limited compared to larger cities. While there are buses, many locals find that owning a car is necessary to get around efficiently.

7. Pro: Family-friendly suburbs 

Henderson is known for its family-friendly communities with parks, recreation centers, and excellent public schools. The city also boasts several master-planned communities that offer amenities like pools, parks, and golf courses.

8. Con: Higher housing costs 

While more affordable than some areas of Las Vegas, housing prices in Henderson tend to be a bit higher than the national median of $432,849. Apartments in Henderson follow a similar trend and go for around $1,701 on average. The demand for real estate in this growing city keeps prices higher than in rural or smaller cities.

9. Pro: Variety of shopping and dining 

Henderson is home to a wide range of shopping centers and dining options, from high-end restaurants to local favorites. The District at Green Valley Ranch is a popular shopping destination featuring unique boutiques and eateries.

10. Con: Water restrictions 

As part of the desert Southwest, Henderson faces water conservation challenges. Residents must adhere to strict watering schedules, and xeriscaping is common to reduce water usage.

11. Pro: Quality healthcare 

Henderson is home to several top-rated healthcare facilities, including the Henderson Hospital and Dignity Health-St. Rose Dominican. This ensures that residents have access to quality medical care close to home.

12. Con: Lack of local attractions 

Henderson, while full of opportunities, lacks the cultural attractions found in larger Nevada areas. Museums, theaters, and festivals are fewer, meaning residents may need to venture to Las Vegas for such experiences.

13. Pro: Lower sales tax compared to Las Vegas

Henderson has a lower sales tax rate than neighboring Las Vegas, allowing residents to save a bit more on everyday purchases. This can make a noticeable difference when shopping for large items or dining out frequently.

A native of the northern suburbs of Chicago, Carson made his way to the South to attend Wofford College where he received his BA in English. After working as a copywriter for a couple of boutique marketing agencies in South Carolina, he made the move to Atlanta and quickly joined the Rent. team as a content marketing coordinator. When he’s off the clock, you can find Carson reading in a park, hunting down a great cup of coffee or hanging out with his dogs.

Source: rent.com

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“People get weird around money,” says Bobby Soler, a financial advisor with the firm Strategies for Wealth in New York City. “It can be really awkward with family members.”

He knows from firsthand experience. When it came to caring for his grandmother, his family avoided planning discussions, which led to stressful disagreements between siblings. He wants people to prevent that kind of situation by talking about money — even difficult topics like end-of-life planning — well in advance.

You want to know if your parents have enough money for retirement

Opening up the conversation by using a recent news article can be an easy way to start, says Dan Casey, founder of the financial firm Bridgeriver Advisors in Bloomfield Hills, Michigan. You could mention that you read an article about the value of using a retirement calculator, for example, or how many people are concerned with having enough money.

That way, he says, “you’re just passing on knowledge,” and can avoid unintentionally seeming like you’re trying to find out what inheritance you might one day receive.

Try questions that evoke hopes and dreams, says Erika Wasserman, CEO of Your Financial Therapist based in the Miami, Florida area.

One question you can pose is, “Mom and Dad, what is retirement going to look like for you?” Then, you could follow up by asking about where they want to live or whether they plan to move.

“When you give people a chance to explain their vision, it gives you a different perspective and allows them to open up,” she says.

You want to make sure your parents or grandparents have end-of-life paperwork in place

“Focus on the fact that you really care about them,” says Annie Cole, a Vancouver, Washington-based money coach and author of the book “101 Ways to Earn More, Build Wealth, and Live Rich in Your 30s.”

She recently asked her dad if he had a will.

“We called out the elephant in the room and just said, ‘This might feel a little awkward,’” she says. That comment broke the ice and made everyone laugh, and then they had a productive conversation about his retirement plans.

Try giving siblings and other involved family members a heads up before broaching a heavy topic together, says Elaine Swann, a San Diego, California-based etiquette expert and author of the etiquette guide “Let Crazy Be Crazy.”

She warns against springing a conversation about estate planning on siblings or family members.

“If you have a group family text, bring up the fact that you want to have a conversation,” she says, then pick a mutually-convenient time. That way, they can be physically and mentally prepared.

You’re going on vacation together as an extended family

Have a conversation about vacation cost-sharing during the planning process of the trip, Casey says. If you are offering to host and pay for one element but not another, spell that out, he adds. And if you know a financially-strained family member can contribute in another way, such as cooking, discuss those contributions in advance, too.

Similarly, at a group dinner, it’s helpful to talk about splitting the bill before placing orders, Swann says.

“There’s nothing wrong with saying, ‘Hey, how would you like to split the bill?’ Have the conversation beforehand so it’s less awkward and you can sit back and enjoy the meal,” she says.

You’re going through a difficult financial period

“It’s OK to put a boundary in place,” says Wasserman. “You can say, ‘Right now I’m working through financial issues and I have the support I need, but I appreciate your love and support.'”

Family members often want to make sure you’re OK or at least have a plan in place. “They want to see you are handling it. That is just reassuring to people who love you.”

If you don’t want to talk about your situation, Swann suggests being blunt.

“That’s not something I want to talk about. So anyway, how was your vacation this year?” is a script that helps you firmly pivot to another topic. “Be prepared to shift the conversation,” she says.

Your family members keep asking you for money

If you agree to loan family members money, it should always be in writing, Casey says, including any agreement around when it will be repaid.

If you don’t want to loan family members money, then Cole suggests offering to help in non-financial ways, such as by preparing meals or caring for any pets. You can also be honest about why you’re declining to provide financial assistance.

“We say, ‘We don’t mix family and money in that way,’” Cole says. “That’s our saying, and people understand.”

Get more financial clarity with NerdWallet

Monitor your credit, track your spending and see all of your finances together in a single place.

Source: nerdwallet.com

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Known as the Gateway to the Midwest, St. Louis, MO, showcases a vibrant blend of Midwest history with modern culture. From gorgeous gardens to unique cuisines, this city holds a wide variety of one-of-a-kind experiences around every corner of its iconic neighborhoods. Whether you are moving to an apartment in St. Louis, MO, renting a house in the city, or exploring the best spot in the Midwest to buy a home, this curated list of 11 hidden gems in St. Louis is here to help you get to know the city like a local. 

Image, taken at Forest Park, courtesy of Debra Aslanidis Photography. 

1. Get back to nature with some of the cities best natural landscapes 

“If you’re a nature enthusiast, the Missouri Botanical Garden is a must,” shares Debra, owner of Debra Aslanidis Photography. “They have different plants and flowers for every season, so there is always something new. Additionally, Forest Park, although a pretty busy spot, is a gorgeous place to visit. Unwind with a book, have a picnic with your family, or check out the St. Louis Zoo and the Art Museum right next door.” 

2. Explore the “tails” of Left Bank Books 

In the beautiful and historic Central West End, queer- and women-owned Left Bank Books sells a wonderfully curated selection of new and used books and hosts a variety of public community book clubs. Stop by one of their literary events in-store and around the city, or explore the shelves for Orleans, a local feline celebrity often found supervising the store from his cat tree. 

3. Head west to Wild Crush Wine Bar(n)

This hidden gem in St. Louis sits just west of the heart of the city in Town and Country. A mother-daughter-owned business, Wild Crush is the first in Missouri to offer self-serve wine dispensaries with over 28 wines available on tap. Visit their wine bar(n) on Fridays to enjoy live music from local artists and gaze across their gorgeous seven-acre park from their patio as you sip on your favorite wine.

4. Try a contemporary twist on local cuisine

Little Fox is a beloved neighborhood restaurant in the heart of Fox Park, St. Louis, known for their award-winning cuisine. Inspired by Brooklyn bistros and other travels, their sophisticated yet approachable dishes and drinks feature flavors that are rooted in local culture and sure to make you fall in love with the area.

5. Spend some time at the biggest little museum in Missouri 

If you’re looking for a truly unique thing to do in St. Louis, The Miniature Museum of Greater St. Louis is a great place to start. With two floors of exhibit space featuring rotating miniature displays, every visit is guaranteed to be a new experience. Stop by to marvel at the many dollhouses, vignettes, and room boxes, or join a class to learn how to make your own. 

6. Travel to a tropical community hub 

Whether you’re looking for an early morning cocktail or a late night cup of coffee, Harvey’s Coffee & Cocktails has you covered. This new Midtown café is a hidden gem in St. Louis. From the moment you step inside this nondescript brick building, you’ll be transported to a beachside café with a full coffee and cocktail menu available all day. Their weekly community events are sure to help you get to know St. Louis in no time. 

7. Check out The Grove neighborhood 

“St. Louis is a city of neighborhoods, and I love The Grove,” shares Beckie, owner of local Serendipity Homemade Ice Cream. “Centrally located as a major north-south thoroughfare, it’s known for its inclusive bars, restaurants, and music venues.” Along with Serendipity’s homemade ice cream, baked goods, and Spirited Shakes, there is something for everyone in this vibrant neighborhood. 

Image courtesy of Levels Nigerian Cuisine. 

8. Embark on a culinary adventure with Levels

Levels Nigerian Cuisine brings the rich flavors of Nigeria right to the heart of St. Louis. Whether you’re longing for a taste of home or you are eager to explore something new, their authentic dishes, like Party Jollof Rice and refreshing Palm Wine, offer a bright and unforgettable dining experience that will delight your senses.

9. Bring some magic to your child’s learning experiences 

“If you are looking for an amazing place to take your little kids, I cannot recommend The Magic House enough,” shares Irene, owner and photographer of Four Fireflies Photography. This local children’s museum offers a wide variety of hands-on learning experiences made to engage and inspire children of all ages. “My family can spend most of the day there creating art, playing pretend, and learning all sorts of new things,” says Irene. 

10. Relax in a haven of flavor and connection

Blood & Sand is the perfect cozy spot to unwind. This hidden gem in the heart of downtown St. Louis offers a welcoming atmosphere where you can relax with exceptional cuisine and handcrafted cocktails inspired by the relationships they create with their guests. They are eager to pour you a drink and get to know you. 

11. Find joy in every season at Tower Grove Park

“Tower Grove Park is my favorite park in St. Louis because it is beautiful year-round,” shares Stacey of Stacey Vandas Photography. “There are flowering trees in the spring, gorgeous leaves in the fall, and it’s super pretty decked out in snow. It’s a great place for a walk with family, friends, and dogs, and the Farmers Market from April to October makes for a great Saturday morning activity.” 

Hidden gems in St. Louis, MO: The perfect Gateway to the Midwest

Whether you’re considering moving to the Gateway City or you’re trying to get to know your new home, this list of 11 hidden gems is sure to help you decide whether St. Louis, MO is a good place to live. From rich historical culture to new modern hangouts, this city has so many spots worthy of exploring. You’ll feel like a true St. Louisan in no time with the guidance of these local experts. 

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The nation’s largest mortgage lender, UWM, has launched a new 90% LTV cash-out refi to drum up more business.

While it’s being sold to mortgage broker-partners as a way to “win more business,” it doubles as a worrisome trend of loosening underwriting guidelines.

Typically, homeowners are capped at 80% LTV when it comes to a cash out refinance, but UWM is taking things a little further.

This could be the symptom of low volume, which has plagued many mortgage lenders ever since mortgage rates jumped in mid-2022.

And it could be a sign that some American consumers are struggling to make ends meet as they grapple with surging inflation.

Conventional Cash-Out 90 Lets You Borrow More Than the Other Guys

  • Cash out refinance up to 89.99% LTV
  • Loan amount capped at the conforming loan limit
  • Must be a primary residence
  • Minimum FICO score of 680 required
  • No mortgage insurance required (might be built into rate)

First let’s talk about this new loan program, known as “Conventional Cash-Out 90,” then we’ll talk about whether it’s worrisome or not.

As noted, United Wholesale Mortgage (UWM) will now let you cash out up to 90% of your property value.

Technically, it’s capped at 89.99% LTV, but it’s still considered a conventional loan. Note that there’s a difference between conventional and conforming loans.

Both are non-government loans, but conforming loans must meet the guidelines of Fannie Mae or Freddie Mac.

And Fannie Mae and Freddie Mac have a maximum 80% loan-to-value ratio (LTV) limit for cash out refinances.

So it doesn’t meet their guidelines, which also means many competing lenders can’t offer such high limits.

In other words, UWM is offering something the other guys can’t, assuming you want a whole lot of cash.

On top of that, they aren’t charging private mortgage insurance (PMI). Though as I always say, if it’s not being charged separately, it’s usually baked into the mortgage rate.

However, the maximum loan amount on the program is at the conforming loan limit, currently $766,550 for 2024.

And the property must be your primary residence (the one you live in), and you need a minimum FICO score of 680 to qualify.

It’s unclear just how high the mortgage rates are, but I can’t imagine them being cheap when your typical vanilla purchase or rate and term refinance at 80% LTV or less is still around 6.5%.

We might be talking about rates in the mid-7% range or higher. But I’m just speculating here. You’ll need to speak to a UWM-approved mortgage broker for actual pricing.

Are We Bringing Too Much Risk Into the Housing Market?

Now let’s talk about risk. As noted, Fannie and Freddie have limited cash out refinances to 80% LTV. And they did this to minimize risk to both lenders and homeowners.

It’s generally not a good thing to be overleveraged as a homeowner, especially if the mortgage debt is pricey as it has become today. And even more so if home prices feel a tad frothy.

This means if your property is valued at $500,000, the largest loan amount you can qualify for when tapping equity is $400,000.

In the early 2000s, prior to the mortgage crisis, it wasn’t uncommon to see 100% LTV cash out refinances. Or even 125% LTV loans!

Of course, we all know how well that went. Homeowners had no equity left, and once home prices collapsed, they were the proud owners of underwater mortgages.

That led to one of the worst housing downturns in our lifetimes. The good news is it also led to stricter underwriting guidelines, including the 80% LTV cap on cash out loans.

So the fact that United Wholesale Mortgage (UWM) is pushing past this limit might feel a little troubling.

But it’s likely just the result of loan volume being so dismal today, and their desire to remain the top mortgage lender in the nation.

You also need homeowners to take the bait. Most have very low locked-in 30-year fixed mortgage rates in the 2-4% range with no desire to disturb them.

Chances are volume won’t be high on this new loan program, despite these more accommodating guidelines.

If and when a lender allows 100% cash out refis again, then I’ll really start to worry. Fortunately that seems unlikely at this juncture.

Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
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Source: thetruthaboutmortgage.com