Cities with the fastest growing home prices in Hickory metro area

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November 23, 2022
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Cities with the fastest growing home prices in Hickory 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 Hickory-Lenoir-Morganton, NC 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. All 29 cities and towns with data available were included in the list.

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#29. Cajahs Mountain, Cajahs Mountain

- 1-year price change: +$6,303 (+3.2%)
- 5-year price change: +$62,244 (+43.4%)
- Typical home value: $205,550 (#20 most expensive city in metro)
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#28. Sawmills, Sawmills

- 1-year price change: +$8,398 (+4.2%)
- 5-year price change: +$65,693 (+45.6%)
- Typical home value: $209,659 (#19 most expensive city in metro)
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#27. Granite Falls, Granite Falls

- 1-year price change: +$8,423 (+3.7%)
- 5-year price change: +$70,490 (+42.0%)
- Typical home value: $238,422 (#11 most expensive city in metro)
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#26. Hudson, Hudson

- 1-year price change: +$9,438 (+4.5%)
- 5-year price change: +$67,975 (+44.7%)
- Typical home value: $220,062 (#16 most expensive city in metro)
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#25. Rhodhiss, Rhodhiss

- 1-year price change: +$12,670 (+11.4%)
- 5-year price change: +$42,137 (+51.7%)
- Typical home value: $123,601 (#29 most expensive city in metro)

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#24. Brookford, Brookford

- 1-year price change: +$19,385 (+17.4%)
- 5-year price change: +$70,478 (+117.5%)
- Typical home value: $130,474 (#28 most expensive city in metro)
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#23. Hildebran, Hildebran

- 1-year price change: +$21,138 (+11.9%)
- 5-year price change: +$70,478 (data not available)
- Typical home value: $198,710 (#23 most expensive city in metro)
8 / 29
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#22. Longview, Longview

- 1-year price change: +$21,157 (+14.6%)
- 5-year price change: +$78,844 (+90.5%)
- Typical home value: $165,979 (#26 most expensive city in metro)
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#21. Lenoir, Lenoir

- 1-year price change: +$22,920 (+14.1%)
- 5-year price change: +$67,709 (+57.5%)
- Typical home value: $185,404 (#25 most expensive city in metro)
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#20. Icard, Icard

- 1-year price change: +$23,940 (+13.6%)
- 5-year price change: +$67,709 (data not available)
- Typical home value: $199,594 (#22 most expensive city in metro)

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#19. Gamewell, Gamewell

- 1-year price change: +$24,838 (+15.3%)
- 5-year price change: +$73,171 (+64.4%)
- Typical home value: $186,725 (#24 most expensive city in metro)
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#18. Connelly Springs, Connelly Springs

- 1-year price change: +$25,111 (+13.3%)
- 5-year price change: +$73,171 (data not available)
- Typical home value: $213,694 (#18 most expensive city in metro)
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#17. Glen Alpine, Glen Alpine

- 1-year price change: +$27,785 (+15.9%)
- 5-year price change: +$73,171 (data not available)
- Typical home value: $202,866 (#21 most expensive city in metro)
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#16. Collettsville, Collettsville

- 1-year price change: +$28,162 (+23.7%)
- 5-year price change: +$64,231 (+77.8%)
- Typical home value: $146,746 (#27 most expensive city in metro)
15 / 29
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#15. Rutherford College, Rutherford College

- 1-year price change: +$34,104 (+17.3%)
- 5-year price change: +$64,231 (data not available)
- Typical home value: $231,708 (#13 most expensive city in metro)

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#14. Valdese, Valdese

- 1-year price change: +$34,349 (+18.4%)
- 5-year price change: +$64,231 (data not available)
- Typical home value: $221,418 (#15 most expensive city in metro)
17 / 29
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#13. Newton, Newton

- 1-year price change: +$35,712 (+17.5%)
- 5-year price change: +$111,636 (+86.8%)
- Typical home value: $240,301 (#10 most expensive city in metro)
18 / 29
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#12. Morganton, Morganton

- 1-year price change: +$35,888 (+18.0%)
- 5-year price change: +$78,897 (+50.4%)
- Typical home value: $235,357 (#12 most expensive city in metro)
19 / 29
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#11. Claremont, Claremont

- 1-year price change: +$36,446 (+17.4%)
- 5-year price change: +$113,270 (+85.3%)
- Typical home value: $246,096 (#8 most expensive city in metro)
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#10. Maiden, Maiden

- 1-year price change: +$38,043 (+17.4%)
- 5-year price change: +$122,511 (+91.2%)
- Typical home value: $256,882 (#6 most expensive city in metro)

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#9. Conover, Conover

- 1-year price change: +$38,145 (+17.5%)
- 5-year price change: +$115,688 (+82.4%)
- Typical home value: $256,162 (#7 most expensive city in metro)
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#8. Hiddenite, Hiddenite

- 1-year price change: +$38,414 (+21.3%)
- 5-year price change: +$82,366 (+60.3%)
- Typical home value: $218,868 (#17 most expensive city in metro)
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#7. Newland, Newland

- 1-year price change: +$39,536 (+21.5%)
- 5-year price change: +$82,366 (data not available)
- Typical home value: $223,150 (#14 most expensive city in metro)
24 / 29
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#6. Hickory, Hickory

- 1-year price change: +$40,000 (+17.0%)
- 5-year price change: +$118,753 (+75.6%)
- Typical home value: $275,908 (#5 most expensive city in metro)
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#5. Taylorsville, Taylorsville

- 1-year price change: +$40,041 (+19.6%)
- 5-year price change: +$91,861 (+60.4%)
- Typical home value: $243,921 (#9 most expensive city in metro)

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#4. Catawba, Catawba

- 1-year price change: +$41,032 (+17.3%)
- 5-year price change: +$122,238 (+78.6%)
- Typical home value: $277,738 (#4 most expensive city in metro)
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#3. Cedar Rock, Cedar Rock

- 1-year price change: +$66,417 (+15.4%)
- 5-year price change: +$159,086 (+46.9%)
- Typical home value: $498,549 (#3 most expensive city in metro)
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#2. Sherrills Ford, Sherrills Ford

- 1-year price change: +$89,971 (+18.6%)
- 5-year price change: +$250,047 (+77.4%)
- Typical home value: $573,186 (#2 most expensive city in metro)
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#1. Terrell, Terrell

- 1-year price change: +$159,907 (+20.4%)
- 5-year price change: +$430,873 (+84.0%)
- Typical home value: $943,815 (#1 most expensive city in metro)

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