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Home Values Are Still Expected To Rise In This Major North Carolina City

Author Melanie Day

One of my goals for this year is to quit paying rent and purchase a condo. That may be advantageous but with rent rising astronomically it needs to be done. So when I stumbled across Zillow’s Hottest Home Markets data for 2024 I had to give it a look. And good news for sellers but bad news for people like me- home values in Charlotte North Carolina are expected to continue to rise in 2024.

Charlotte ranked 7th on the top 10 list that Buffalo, NY topped. I have watched enough football games on TV in Buffalo in the winter that would deter this self-proclaimed snow lover from ever calling it home. But clearly, I’m in the minority! So what are the ranking based on? Zillow says factors such as “an analysis of forecast home value growth, recent housing market velocity and projected changes in the labor market, home construction activity and, a number of homeowner households.”

While Charlotte’s growth has remained steady at 1.2%, the Queen City did top the list last year and fell for 2024. So to sum that up, we are just as bad as we were but now other cities are worse! Perhaps surprisingly home values in other North Carolina cities aren’t keeping pace with Charlotte. Raleigh did not appear on this list so perhaps that may be a better spot if you have the flexibility to move within the state. Interestingly enough there were no west coast cities mentioned. Multiple cities in Ohio and Florida were included however. As well as Atlanta and Providence, RI.  You can read the full study from Zillow here.

This Is Where The Money Is - The Richest Cities And Towns In North Carolina

What are the richest cities and towns in North Carolina? There is a lot of money in the state between the major cities, the mountains, the coast, and in between. The financial experts at Forbes recently conducted an analysis to determine the richest places in the state of North Carolina.  To do this they looked at over 400 cities aka census-designated places in NC. Cities were ranked on four metrics including median household income, mean household income, median home value, and median property taxes paid.

So which cities made the cut? There are several cities that are around a major lake. As well as some on the coast and the mountains in the top 5. Below you’ll find detailed info about each of the top 5 cities and towns that are the richest places in North Carolina in 2023 according to Forbes. You’ll also find info on the other cities that made the top 50 list that are in the vicinity of Charlotte.

If you live in any of these cities and towns and have some extra cash to share just let me know! Looking for more detailed information? You can get that directly from Forbes and can read more here.

Curious about the richest cities in South Carolina? You can find those here (hint it’s a lot of coastal towns)

Melanie Day is a graduate of North Carolina State University. She has worked for Beasley since 2012 in a variety of behind-the-scenes roles in both digital and promotions. Melanie writes about a diverse range of topics some of her favorites include travel, restaurants, Taylor Swift, and college athletics. When not at work you'll find her at a country concert or NC State sporting event.

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