With home values rising by an average of more than $16,000 in the first quarter of 2018 but affordability dropping as mortgage rates get higher, the personal-finance website WalletHub today released its report on 2018’s Best Real-Estate Markets.
To determine the most attractive real-estate markets in the U.S., the financial website compared 300 cities across 22 key metrics. The dataset ranges from median home-price appreciation to home sales turnover rate to job growth.
Charlotte ranked as the 7th best large city in America and 27th overall;
| Overall Rank (1 = Best) | Large Cities | Overall Rank (1 = Best) | Midsize Cities | Overall Rank (1 = Best) | Small Cities |
|---|---|---|---|---|---|
| 1 | Seattle, WA (72.16) |
1 | McKinney, TX (74.60) |
1 | Frisco, TX (75.06) |
| 2 | Denver, CO (70.16) |
2 | Durham, NC (72.45) |
2 | Allen, TX (73.93) |
| 3 | Fort Worth, TX (69.34) |
3 | Cary, NC (69.39) |
3 | Santa Clara, CA (73.79) |
| 4 | Aurora, CO (68.86) |
4 | Fort Collins, CO (68.96) |
4 | Murfreesboro, TN (72.40) |
| 5 | Colorado Springs, CO (68.12) |
5 | Boise, ID (68.95) |
5 | Richardson, TX (72.29) |
| 6 | Nashville, TN (67.77) |
6 | Irving, TX (68.45) |
6 | Bellevue, WA (72.14) |
| 7 | Charlotte, NC (67.49) |
7 | Grand Rapids, MI (67.74) |
7 | Denton, TX (71.98) |
| 8 | Austin, TX (66.69) |
8 | Irvine, CA (67.58) |
8 | Sunnyvale, CA (70.71) |
| 9 | San Jose, CA (66.65) |
9 | Overland Park, KS (67.41) |
9 | Carrollton, TX (70.17) |
| 10 | Lexington, KY (66.64) |
10 | Gilbert, AZ (67.24) |
10 | Roseville, CA (69.20) |
| 11 | Raleigh, NC (64.60) |
11 | Salem, OR (66.82) |
11 | Thornton, CO (69.11) |
| 12 | Minneapolis, MN (64.34) |
12 | Grand Prairie, TX (66.64) |
12 | Arvada, CO (68.17) |
| 13 | Atlanta, GA (63.47) |
13 | Lincoln, NE (66.63) |
13 | Renton, WA (67.83) |
| 14 | Oakland, CA (62.84) |
14 | Garland, TX (66.19) |
14 | Longmont, CO (67.32) |
| 15 | Columbus, OH (62.42) |
15 | Vancouver, WA (65.93) |
15 | Kent, WA (67.25) |
| 16 | Sacramento, CA (62.38) |
16 | Plano, TX (65.61) |
16 | Spokane Valley, WA (67.00) |
| 17 | Dallas, TX (61.85) |
17 | Fort Wayne, IN (64.99) |
17 | Greeley, CO (66.88) |
| 18 | Arlington, TX (61.69) |
18 | Eugene, OR (64.86) |
18 | Hillsboro, OR (66.00) |
| 19 | Portland, OR (61.56) |
19 | Henderson, NV (64.79) |
19 | Wilmington, NC (65.36) |
| 20 | Omaha, NE (60.50) |
20 | Madison, WI (64.74) |
20 | North Charleston, SC (64.82) |
| 21 | Mesa, AZ (60.31) |
21 | Hayward, CA (64.68) |
21 | Ann Arbor, MI (64.58) |
| 22 | Phoenix, AZ (59.98) |
22 | Fremont, CA (64.68) |
22 | Tuscaloosa, AL (64.43) |
| 23 | Riverside, CA (59.89) |
23 | Elk Grove, CA (64.23) |
23 | Everett, WA (64.42) |
| 24 | Santa Ana, CA (59.45) |
24 | Reno, NV (64.17) |
24 | Westminster, CO (64.19) |
| 25 | San Diego, CA (59.24) |
25 | Peoria, AZ (63.80) |
25 | Centennial, CO (64.09) |
Source: WalletHub
Charlotte was also ranked;
- 144th – % of Homes with Negative Equity
- 73rd – Avg. Days Until Sale
- 15th – Job Growth Rate
- 153rd – % of Delinquent Mortgage Holders
- 18th – Population Growth Rate
What do you think about Charlotte’s current real estate market?