Cities with the fastest growing home prices in Charlotte metro area

Written by:
November 23, 2022
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Charlotte metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Charlotte-Concord-Gastonia, NC-SC metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 94 cities and towns in Charlotte.

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Stacker

#30. Unionville, Unionville

- 1-year price change: +$65,990 (+18.9%)
- 5-year price change: +$190,467 (+84.6%)
- Typical home value: $415,547 (#22 most expensive city in metro)
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#29. Fairview, Fairview

- 1-year price change: +$67,894 (+17.0%)
- 5-year price change: +$209,961 (+81.8%)
- Typical home value: $466,770 (#15 most expensive city in metro)
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#28. Charlotte, Charlotte

- 1-year price change: +$68,867 (+20.8%)
- 5-year price change: +$186,025 (+86.7%)
- Typical home value: $400,662 (#25 most expensive city in metro)
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#27. Mineral Springs, Mineral Springs

- 1-year price change: +$72,681 (+20.8%)
- 5-year price change: +$192,372 (+83.7%)
- Typical home value: $422,264 (#20 most expensive city in metro)
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#26. Stanley, Stanley

- 1-year price change: +$72,915 (+25.8%)
- 5-year price change: +$168,376 (+89.9%)
- Typical home value: $355,752 (#33 most expensive city in metro)

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#25. Mount Holly, Mount Holly

- 1-year price change: +$73,166 (+25.7%)
- 5-year price change: +$176,802 (+97.8%)
- Typical home value: $357,600 (#32 most expensive city in metro)
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#24. Lake Park, Lake Park

- 1-year price change: +$73,475 (+23.0%)
- 5-year price change: +$185,632 (+89.3%)
- Typical home value: $393,426 (#27 most expensive city in metro)
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#23. Iron Station, Iron Station

- 1-year price change: +$74,100 (+25.2%)
- 5-year price change: +$162,085 (+78.7%)
- Typical home value: $367,967 (#30 most expensive city in metro)
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#22. Matthews, Matthews

- 1-year price change: +$77,054 (+19.8%)
- 5-year price change: +$200,331 (+75.4%)
- Typical home value: $465,998 (#16 most expensive city in metro)
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#21. Indian Trail, Indian Trail

- 1-year price change: +$78,301 (+22.6%)
- 5-year price change: +$196,564 (+86.1%)
- Typical home value: $424,925 (#19 most expensive city in metro)

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#20. Concord, Concord

- 1-year price change: +$79,033 (+26.0%)
- 5-year price change: +$185,001 (+93.5%)
- Typical home value: $382,945 (#29 most expensive city in metro)
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#19. Clover, Clover

- 1-year price change: +$79,166 (+23.4%)
- 5-year price change: +$175,514 (+72.7%)
- Typical home value: $417,035 (#21 most expensive city in metro)
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#18. Stallings, Stallings

- 1-year price change: +$81,100 (+22.5%)
- 5-year price change: +$197,249 (+80.7%)
- Typical home value: $441,672 (#17 most expensive city in metro)
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#17. Belmont, Belmont

- 1-year price change: +$82,583 (+25.1%)
- 5-year price change: +$198,418 (+93.0%)
- Typical home value: $411,862 (#23 most expensive city in metro)
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#16. Mint Hill, Mint Hill

- 1-year price change: +$83,821 (+21.2%)
- 5-year price change: +$210,737 (+78.4%)
- Typical home value: $479,622 (#14 most expensive city in metro)

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#15. Cornelius, Cornelius

- 1-year price change: +$85,250 (+21.3%)
- 5-year price change: +$208,520 (+75.4%)
- Typical home value: $485,254 (#11 most expensive city in metro)
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#14. Midland, Midland

- 1-year price change: +$85,919 (+27.6%)
- 5-year price change: +$191,686 (+93.2%)
- Typical home value: $397,336 (#26 most expensive city in metro)
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#13. Troutman, Troutman

- 1-year price change: +$86,626 (+25.6%)
- 5-year price change: +$188,148 (+79.2%)
- Typical home value: $425,597 (#18 most expensive city in metro)
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#12. Huntersville, Huntersville

- 1-year price change: +$93,473 (+22.0%)
- 5-year price change: +$216,605 (+71.8%)
- Typical home value: $518,492 (#8 most expensive city in metro)
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#11. Mc Adenville, Mc Adenville

- 1-year price change: +$94,726 (+24.5%)
- 5-year price change: +$210,911 (+78.1%)
- Typical home value: $480,792 (#13 most expensive city in metro)

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#10. Mooresville, Mooresville

- 1-year price change: +$99,519 (+26.0%)
- 5-year price change: +$202,815 (+72.6%)
- Typical home value: $482,193 (#12 most expensive city in metro)
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#9. Harrisburg, Harrisburg

- 1-year price change: +$101,086 (+26.0%)
- 5-year price change: +$216,370 (+79.2%)
- Typical home value: $489,533 (#10 most expensive city in metro)
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#8. Fort Mill, Fort Mill

- 1-year price change: +$101,849 (+24.8%)
- 5-year price change: +$211,660 (+70.3%)
- Typical home value: $512,577 (#9 most expensive city in metro)
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#7. Wesley Chapel, Wesley Chapel

- 1-year price change: +$102,255 (+20.8%)
- 5-year price change: +$255,804 (+75.7%)
- Typical home value: $593,912 (#5 most expensive city in metro)
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#6. Tega Cay, Tega Cay

- 1-year price change: +$104,652 (+23.1%)
- 5-year price change: +$251,461 (+82.3%)
- Typical home value: $557,175 (#6 most expensive city in metro)

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#5. Davidson, Davidson

- 1-year price change: +$106,137 (+21.3%)
- 5-year price change: +$250,562 (+70.6%)
- Typical home value: $605,375 (#3 most expensive city in metro)
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#4. Waxhaw, Waxhaw

- 1-year price change: +$107,142 (+21.8%)
- 5-year price change: +$263,968 (+78.7%)
- Typical home value: $599,479 (#4 most expensive city in metro)
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#3. Denver, Denver

- 1-year price change: +$117,648 (+27.4%)
- 5-year price change: +$229,940 (+72.5%)
- Typical home value: $546,898 (#7 most expensive city in metro)
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#2. Weddington, Weddington

- 1-year price change: +$145,213 (+19.3%)
- 5-year price change: +$377,734 (+72.8%)
- Typical home value: $896,348 (#2 most expensive city in metro)
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#1. Marvin, Marvin

- 1-year price change: +$163,104 (+18.9%)
- 5-year price change: +$383,108 (+59.6%)
- Typical home value: $1,025,736 (#1 most expensive city in metro)

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