The friendly, flourishing city of Kannapolis is home to nearly 40,000 residents. Known as the “City of Looms,” the name Kannapolis was taken from the Greek words kanna, meaning “looms”, and opolis, meaning “city.”
The city was founded in 1887 and served as the headquarters for Cannon Mills Corp. Today, Kannapolis is now home to the new North Carolina Research Campus, a stunning venture between Dole Foods, Duke University and the University of NC. David Murdock, CEO of Dole Foods and former owner of Cannon Mills, is the visionary catalyst for this new endeavor. Built on the site of the former textile mill, this campus-like redevelopment forges a bold new path for the city. Gone are the views of what Kannapolis has been in recent years; now the vision for this city will conjure up fresh ideas of a thriving town with a prosperous economy. The Campus includes research facilities, office space, town homes and a retail complex that expand the existing real estate options for Kannapolis even further.
From picnicking in one of the city’s five parks, to attending a concert at the Village Park amphitheatre, or watching the Kannapolis Intimidators, the Class A affiliate team of the Chicago White Sox, or attending a NASCAR race, one can always find things to do. The city’s parks and recreation department offers classes, leagues and activities for all ages. Three school districts serve the students of Kannapolis: Kannapolis County Schools, Cabarrus County Schools, and Rowan-Salisbury Schools. Nearby colleges and universities include Rowan Cabarrus Community College, University of North Carolina at Charlotte, Catawba College, Davidson College and Winthrop College.
Real estate in Kannapolis is very diverse. From the original small craftsman style homes built to house the mill workers to mid-century starter homes and modern day mansions, Kannapolis will have something to suit every need and budget. You will find beautiful Kannapolis houses priced from low $100,000s to well over $1 million. Townhouses and condominiums in Kannapolis are priced starting in the $220,000 range.
Kannapolis Real Estate Stats and Trends for the week of April 21st, 2014: homes priced around $143,628 compared to $147,191 the previous week, showing a decrease of less than -2%. For Wednesday, April 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.28%; the 15 year fixed rate is at 3.30%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.68%, while the 15 year jumbo rate currently is at 4.13%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Kannapolis NC. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Kannapolis to help you find the best home!