Trulia recently released the result of a massive new study where they calculated the top 10 best value neighborhoods in the 100 biggest metro areas around the country. The used average listing prices, along with custom measurements of entry-level affordability, school information, crime statistics, commute times, and neighborhood amenities to determine the rankings.
“To make our list, neighborhoods had to score well in our categories, and even those that did were cut from our list if they had outliers such as high crime, but that doesn’t mean they don’t come with flaws. Some are near freeways and airports and may be noisy. Others are far away from city centers where commutes are longer.”
Most of the median home values in Charlotte’s best value neighborhoods were higher than $200,000 (except for Lake Park in Union County, which has a median home price of just over $198k). Birmingham, Ala., had some of the lowest priced median values, ranging from $52,000 to $57,000, and San Francisco had the highest median values, all at over $1 million.
The following are Trulia’s top 10 “best value” neighborhoods across the Charlotte market and each’s rank, according to Trulia:
(Each category for each neighborhood received a 1-10 score)
#1 (tied) Steele Creek (Charlotte)
Median home value: $212,207
Affordability score: 6
Restaurant score: 1
Commute score: 4
School score: 5
Crime score: 10
#1 (tied) The Heathers (Matthews)
Median home value: $216,110
Affordability score: 5
Restaurant score: 3
Commute score: 3
School score: 5
Crime score: 10
#3 Brandon Oaks (Indian Trail)
Median home value: $238,826
Affordability score: 5
Restaurant score: 4
Commute score: 3
School score: 4
Crime score: 7
#4 (tied) Highland Creek (Charlotte)
Median home value: $227,870
Affordability score: 5
Restaurant score: 1
Commute score: 5
School score: 5
Crime score: 10
#4 (tied) Sedgefield (Charlotte)
Median home value: $274,246
Affordability score: 4
Restaurant score: 9
Commute score: 10
School score: 8
Crime score: 6
#4 (tied) Farmwood (Mint Hill)
Median home value: $265,742
Affordability score: 4
Restaurant score: 2
Commute score: 2
School score: 5
Crime score: 9
#4 (tied) Versage (Mint Hill)
Median home value: $251,106
Affordability score: 4
Restaurant score: 5
Commute score: 1
School score: 6
Crime score: 6
#8 Crismark (Indian Trail)
Median home value: $246,346
Affordability score: 5
Restaurant score: 3
Commute score: 1
School score: 4
Crime score: 7
#9 Lake Park (Union County)
Median home value: $198,170
Affordability score: 6
Restaurant score: 2
Commute score: 2
School score: 2
Crime score: 7
#10 Sardis Woods (Charlotte)
Median home value: $204,069
Affordability score: 6
Restaurant score: 5
Commute score: 4
School score: 8
Crime score: 8
To find out the best valued neighborhoods in the other 100 top metro areas around the US, you can see Trulia’s full report here.