Cities with the fastest-growing home prices in North Carolina
Cities with the fastest-growing home prices in North Carolina
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $349,216 in February, 4.2% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in North Carolina using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending February 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in North Carolina.
#50. Penrose
- Typical home value: $366,819
- 1-year price change: +$27,328 (+8.0%)
- 5-year price change: +$168,679 (+85.1%)
- Metro area: Brevard, NC
#49. Minnesott Beach
- Typical home value: $353,771
- 1-year price change: +$27,371 (+8.4%)
- 5-year price change: +$125,199 (+54.8%)
- Metro area: New Bern, NC
#48. Hillsborough
- Typical home value: $444,373
- 1-year price change: +$27,927 (+6.7%)
- 5-year price change: +$167,152 (+60.3%)
- Metro area: Durham-Chapel Hill, NC
#47. Pine Knoll Shores
- Typical home value: $678,443
- 1-year price change: +$27,930 (+4.3%)
- 5-year price change: +$300,045 (+79.3%)
- Metro area: Morehead City, NC
#46. Bahama
- Typical home value: $449,642
- 1-year price change: +$27,961 (+6.6%)
- 5-year price change: +$175,467 (+64.0%)
- Metro area: Durham-Chapel Hill, NC
#45. Matthews
- Typical home value: $477,463
- 1-year price change: +$27,992 (+6.2%)
- 5-year price change: +$187,813 (+64.8%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#44. Mount Pleasant
- Typical home value: $350,377
- 1-year price change: +$28,095 (+8.7%)
- 5-year price change: +$148,974 (+74.0%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#43. Moncure
- Typical home value: $392,857
- 1-year price change: +$28,216 (+7.7%)
- 5-year price change: +$156,268 (+66.1%)
- Metro area: Durham-Chapel Hill, NC
#42. Sugar Grove
- Typical home value: $378,417
- 1-year price change: +$28,298 (+8.1%)
- 5-year price change: +$156,067 (+70.2%)
- Metro area: Boone, NC
#41. Semora
- Typical home value: $569,232
- 1-year price change: +$28,348 (+5.2%)
- 5-year price change: +$195,407 (+52.3%)
- Metro area: Durham-Chapel Hill, NC
#40. Kure Beach
- Typical home value: $754,494
- 1-year price change: +$28,360 (+3.9%)
- 5-year price change: +$338,613 (+81.4%)
- Metro area: Wilmington, NC
#39. Weaverville
- Typical home value: $462,687
- 1-year price change: +$28,489 (+6.6%)
- 5-year price change: +$165,430 (+55.7%)
- Metro area: Asheville, NC
#38. Deep Gap
- Typical home value: $399,319
- 1-year price change: +$28,553 (+7.7%)
- 5-year price change: +$173,428 (+76.8%)
- Metro area: Boone, NC
#37. Horse Shoe
- Typical home value: $480,559
- 1-year price change: +$28,721 (+6.4%)
- 5-year price change: +$184,599 (+62.4%)
- Metro area: Asheville, NC
#36. Camden
- Typical home value: $349,726
- 1-year price change: +$28,723 (+8.9%)
- 5-year price change: +$108,161 (+44.8%)
- Metro area: Virginia Beach-Norfolk-Newport News, VA-NC
#35. Apex
- Typical home value: $600,583
- 1-year price change: +$28,766 (+5.0%)
- 5-year price change: +$220,481 (+58.0%)
- Metro area: Raleigh-Cary, NC
#34. Bryson City
- Typical home value: $308,024
- 1-year price change: +$28,842 (+10.3%)
- 5-year price change: +$122,149 (+65.7%)
- Metro area: Cullowhee, NC
#33. Topton
- Typical home value: $350,601
- 1-year price change: +$28,866 (+9.0%)
- 5-year price change: +$138,833 (+65.6%)
- Metro area: not in a metro area
#32. Wesley Chapel
- Typical home value: $604,890
- 1-year price change: +$29,381 (+5.1%)
- 5-year price change: +$240,794 (+66.1%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#31. Brevard
- Typical home value: $433,420
- 1-year price change: +$29,497 (+7.3%)
- 5-year price change: +$190,283 (+78.3%)
- Metro area: Brevard, NC
#30. Salvo
- Typical home value: $684,487
- 1-year price change: +$29,699 (+4.5%)
- 5-year price change: +$259,605 (+61.1%)
- Metro area: Kill Devil Hills, NC
#29. Black Mountain
- Typical home value: $455,341
- 1-year price change: +$29,778 (+7.0%)
- 5-year price change: +$176,323 (+63.2%)
- Metro area: Asheville, NC
#28. Boone
- Typical home value: $458,040
- 1-year price change: +$29,885 (+7.0%)
- 5-year price change: +$190,143 (+71.0%)
- Metro area: Boone, NC
#27. Elk Park
- Typical home value: $276,098
- 1-year price change: +$29,953 (+12.2%)
- 5-year price change: +$135,634 (+96.6%)
- Metro area: not in a metro area
#26. Corolla
- Typical home value: $924,874
- 1-year price change: +$30,383 (+3.4%)
- 5-year price change: +$379,345 (+69.5%)
- Metro area: Virginia Beach-Norfolk-Newport News, VA-NC
#25. Newland
- Typical home value: $268,346
- 1-year price change: +$30,635 (+12.9%)
- 5-year price change: +$112,280 (+71.9%)
- Metro area: Hickory-Lenoir-Morganton, NC
#24. Bent Creek
- Typical home value: $492,993
- 1-year price change: +$31,518 (+6.8%)
- 5-year price change: +$177,419 (+56.2%)
- Metro area: Asheville, NC
#23. Ocracoke
- Typical home value: $523,944
- 1-year price change: +$32,772 (+6.7%)
- 5-year price change: +$152,504 (+41.1%)
- Metro area: not in a metro area
#22. Cary
- Typical home value: $612,115
- 1-year price change: +$32,834 (+5.7%)
- 5-year price change: +$226,429 (+58.7%)
- Metro area: Raleigh-Cary, NC
#21. Macon
- Typical home value: $351,958
- 1-year price change: +$33,546 (+10.5%)
- 5-year price change: +$148,596 (+73.1%)
- Metro area: not in a metro area
#20. Waves
- Typical home value: $880,104
- 1-year price change: +$33,973 (+4.0%)
- 5-year price change: +$340,018 (+63.0%)
- Metro area: Kill Devil Hills, NC
#19. Davidson
- Typical home value: $628,316
- 1-year price change: +$33,999 (+5.7%)
- 5-year price change: +$232,660 (+58.8%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#18. Southern Shores
- Typical home value: $796,828
- 1-year price change: +$34,722 (+4.6%)
- 5-year price change: +$330,146 (+70.7%)
- Metro area: Kill Devil Hills, NC
#17. Blowing Rock
- Typical home value: $675,579
- 1-year price change: +$35,026 (+5.5%)
- 5-year price change: +$286,636 (+73.7%)
- Metro area: Boone, NC
#16. Pisgah Forest
- Typical home value: $425,178
- 1-year price change: +$35,168 (+9.0%)
- 5-year price change: +$185,043 (+77.1%)
- Metro area: Brevard, NC
#15. Scaly Mountain
- Typical home value: $467,978
- 1-year price change: +$37,077 (+8.6%)
- 5-year price change: +$190,612 (+68.7%)
- Metro area: not in a metro area
#14. Harkers Island
- Typical home value: $358,137
- 1-year price change: +$37,184 (+11.6%)
- 5-year price change: +$135,848 (+61.1%)
- Metro area: Morehead City, NC
#13. Chapel Hill
- Typical home value: $597,973
- 1-year price change: +$37,577 (+6.7%)
- 5-year price change: +$217,786 (+57.3%)
- Metro area: Durham-Chapel Hill, NC
#12. Glenville
- Typical home value: $727,395
- 1-year price change: +$38,436 (+5.6%)
- 5-year price change: +$299,361 (+69.9%)
- Metro area: Cullowhee, NC
#11. Fairview
- Typical home value: $512,538
- 1-year price change: +$38,540 (+8.1%)
- 5-year price change: +$194,651 (+61.2%)
- Metro area: Asheville, NC
#10. Indian Beach
- Typical home value: $646,103
- 1-year price change: +$38,766 (+6.4%)
- 5-year price change: +$280,918 (+76.9%)
- Metro area: Morehead City, NC
#9. Emerald Isle
- Typical home value: $716,523
- 1-year price change: +$39,310 (+5.8%)
- 5-year price change: +$306,129 (+74.6%)
- Metro area: Morehead City, NC
#8. Montreat
- Typical home value: $595,510
- 1-year price change: +$40,131 (+7.2%)
- 5-year price change: data not available
- Metro area: Asheville, NC
#7. Lake Toxaway
- Typical home value: $641,652
- 1-year price change: +$40,726 (+6.8%)
- 5-year price change: +$277,490 (+76.2%)
- Metro area: Brevard, NC
#6. Holden Beach
- Typical home value: $869,488
- 1-year price change: +$42,328 (+5.1%)
- 5-year price change: +$408,554 (+88.6%)
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#5. Terrell
- Typical home value: $732,859
- 1-year price change: +$45,307 (+6.6%)
- 5-year price change: +$297,843 (+68.5%)
- Metro area: Hickory-Lenoir-Morganton, NC
#4. Carrboro
- Typical home value: $520,101
- 1-year price change: +$47,231 (+10.0%)
- 5-year price change: +$193,366 (+59.2%)
- Metro area: Durham-Chapel Hill, NC
#3. Bald Head Island
- Typical home value: $1,303,443
- 1-year price change: +$51,541 (+4.1%)
- 5-year price change: +$562,474 (+75.9%)
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#2. Weddington
- Typical home value: $954,990
- 1-year price change: +$59,020 (+6.6%)
- 5-year price change: +$391,488 (+69.5%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#1. Marvin
- Typical home value: $1,096,134
- 1-year price change: +$93,474 (+9.3%)
- 5-year price change: +$440,183 (+67.1%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
