Most people comparing NoDa are really comparing three things: how much street life they want within walking distance, how much they value historic architecture over new construction, and how much noise they can absorb. Almost every comparison with Plaza Midwood, Optimist Park, South End or Villa Heights resolves along those axes.
NoDa's distinguishing feature is the combination of a genuine arts identity with an intact mill-village fabric and two rail stations. Other Charlotte neighborhoods have one or two of those. Very few have all three, which is why comparisons that focus only on price per square foot tend to miss the point.
The honest counterargument is that NoDa asks for tolerance. Weekend crowds, limited parking near the strip and freight noise are real. Households that want quiet, large lots and abundant parking generally do better elsewhere, and there is no reason to pretend otherwise.