Webthe kannapolis city council is once again taking proactive transformative steps for the future of kannapolis by supporting a projected $500 million investment by. Webinsite properties, an experienced regional development firm located in charlotte, announced $500 million in new development plans for downtown kannapolis. Webthe kannapolis, nc housing market is somewhat competitive, scoring 62 out of 100. The average kannapolis house price was $320k last month, up 1. 6% since last year. Webkannapolis — the kannapolis city council is supporting a projected $500 million investment by insite properties and its partners for properties downtown.