With mortgage rates hitting record lows but consumers struggling financially due to COVID-19, the personal-finance website WalletHub released its report on 2020’s Best Real-Estate Markets.
To determine the most attractive real-estate markets in the U.S., the site compared 300 cities across 24 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.
Health of Charlotte’s Real-Estate Market (1=Best; 150=Avg.):
- 144th – % of Homes with Negative Equity
- 93rd – Avg. Days Until Sale
- 154th – Median Home-Price Appreciation
- 35th – Job Growth Rate
- 66th – Foreclosure Rate
- 88th – Home Price as % of Income
- 22nd – Population Growth Rate
Charlotte ranked as the 6th best large cityand Durham ranked as the 4th best medium size city in the nation:
Ranking by City Size
Overall Rank (1 = Best) | Large Cities | Overall Rank (1 = Best) | Midsize Cities | Overall Rank (1 = Best) | Small Cities |
---|---|---|---|---|---|
1 | Seattle, WA (67.77) |
1 | Boise, ID (68.05) |
1 | Murfreesboro, TN (66.62) |
2 | Nashville, TN (67.61) |
2 | Frisco, TX (67.73) |
2 | Spokane Valley, WA (65.38) |
3 | Austin, TX (65.74) |
3 | Gilbert, AZ (67.23) |
3 | Denton, TX (65.09) |
4 | Colorado Springs, CO (63.66) |
4 | Durham, NC (64.80) |
4 | Renton, WA (64.91) |
5 | Denver, CO (63.12) |
5 | Tacoma, WA (64.39) |
5 | Federal Way, WA (64.69) |
6 | Charlotte, NC (62.22) |
6 | Cary, NC (64.34) |
6 | Allen, TX (64.38) |
7 | Aurora, CO (62.20) |
7 | McKinney, TX (64.31) |
7 | Kent, WA (64.06) |
8 | Fort Worth, TX (61.86) |
8 | Peoria, AZ (64.27) |
8 | Surprise, AZ (63.96) |
9 | Mesa, AZ (60.99) |
9 | Vancouver, WA (64.07) |
9 | Bellevue, WA (63.46) |
10 | Tampa, FL (60.74) |
10 | Tempe, AZ (63.35) |
10 | Roseville, CA (62.84) |
11 | Phoenix, AZ (60.60) |
11 | Chandler, AZ (63.27) |
11 | Hillsboro, OR (62.74) |
12 | Sacramento, CA (60.39) |
12 | Huntsville, AL (62.88) |
12 | Everett, WA (62.67) |
13 | Minneapolis, MN (60.37) |
13 | Reno, NV (62.04) |
13 | Greeley, CO (62.33) |
14 | Lexington, KY (60.23) |
14 | Hayward, CA (61.61) |
14 | Arvada, CO (61.91) |
15 | Raleigh, NC (58.85) |
15 | Elk Grove, CA (61.43) |
15 | Vacaville, CA (61.75) |
16 | Columbus, OH (58.72) |
16 | Overland Park, KS (61.37) |
16 | Carrollton, TX (61.39) |
17 | San Jose, CA (58.50) |
17 | Irving, TX (61.27) |
17 | North Charleston, SC (61.08) |
18 | Oklahoma City, OK (58.04) |
18 | Salem, OR (61.08) |
18 | Thornton, CO (61.06) |
19 | Arlington, TX (57.19) |
19 | Eugene, OR (60.93) |
19 | Tuscaloosa, AL (60.89) |
20 | Oakland, CA (57.10) |
20 | Lincoln, NE (60.72) |
20 | Clovis, CA (60.25) |
21 | Wichita, KS (56.98) |
21 | Grand Prairie, TX (60.65) |
21 | Wilmington, NC (60.12) |
22 | St. Paul, MN (56.90) |
22 | Fort Wayne, IN (60.31) |
22 | Santa Clara, CA (59.69) |
23 | Las Vegas, NV (56.80) |
23 | Sunnyvale, CA (60.24) |
23 | Longmont, CO (59.47) |
24 | Jacksonville, FL (56.32) |
24 | Madison, WI (60.11) |
24 | Broken Arrow, OK (59.24) |
25 | Portland, OR (56.23) |
25 | Lakewood, CO (59.82) |
25 | Manchester, NH (59.20) |
26 | Memphis, TN (55.60) |
26 | Henderson, NV (59.82) |
26 | Richardson, TX (59.05) |
27 | Cincinnati, OH (55.45) |
27 | Fort Collins, CO (59.60) |
27 | Athens-Clarke, GA (58.65) |
28 | San Diego, CA (55.36) |
28 | Orlando, FL (59.46) |
28 | Temecula, CA (58.53) |
29 | Tucson, AZ (55.26) |
29 | Spokane, WA (59.35) |
29 | Beaverton, OR (58.29) |
30 | Milwaukee, WI (54.59) |
30 | Chesapeake, VA (59.08) |
30 | Westminster, CO (58.25) |
31 | Fresno, CA (54.55) |
31 | Irvine, CA (58.77) |
31 | High Point, NC (58.20) |
32 | Anaheim, CA (54.45) |
32 | Glendale, AZ (58.76) |
32 | Yakima, WA (57.96) |
33 | Louisville, KY (54.35) |
33 | Scottsdale, AZ (58.44) |
33 | Fairfield, CA (57.89) |
34 | Riverside, CA (54.35) |
34 | Grand Rapids, MI (58.39) |
34 | Sterling Heights, MI (57.48) |
35 | Omaha, NE (54.17) |
35 | Santa Clarita, CA (58.30) |
35 | Kenosha, WI (57.47) |
36 | Atlanta, GA (53.96) |
36 | Ontario, CA (58.30) |
36 | Antioch, CA (57.32) |
37 | Houston, TX (53.85) |
37 | Port St. Lucie, FL (58.21) |
37 | Daly City, CA (57.31) |
38 | San Francisco, CA (53.46) |
38 | Modesto, CA (57.98) |
38 | Norman, OK (56.93) |
39 | Virginia Beach, VA (53.41) |
39 | Alexandria, VA (57.72) |
39 | Davie, FL (56.83) |
40 | Washington, DC (53.39) |
40 | North Las Vegas, NV (57.55) |
40 | Vista, CA (56.53) |
41 | Long Beach, CA (53.35) |
41 | Plano, TX (57.54) |
41 | Gresham, OR (56.50) |
42 | Kansas City, MO (53.31) |
42 | Garland, TX (57.19) |
42 | Palm Bay, FL (56.36) |
43 | Santa Ana, CA (53.18) |
43 | Chula Vista, CA (57.16) |
43 | San Mateo, CA (56.36) |
44 | Los Angeles, CA (52.96) |
44 | Jersey City, NJ (57.10) |
44 | Livonia, MI (56.28) |
45 | Stockton, CA (52.71) |
45 | Cape Coral, FL (56.96) |
45 | Vallejo, CA (56.24) |
46 | Pittsburgh, PA (51.64) |
46 | Fremont, CA (56.67) |
46 | Charleston, SC (56.11) |
47 | Dallas, TX (51.47) |
47 | Fontana, CA (56.56) |
47 | Santa Monica, CA (56.09) |
48 | Bakersfield, CA (51.45) |
48 | Greensboro, NC (56.53) |
48 | Centennial, CO (56.07) |
49 | Indianapolis, IN (51.22) |
49 | Laredo, TX (56.34) |
49 | Santa Maria, CA (55.71) |
50 | Tulsa, OK (50.70) |
50 | Moreno Valley, CA (56.23) |
50 | South Gate, CA (55.70) |
51 | El Paso, TX (50.65) |
51 | Pembroke Pines, FL (55.90) |
51 | Pueblo, CO (55.62) |
52 | San Antonio, TX (50.08) |
52 | Corona, CA (55.84) |
52 | Rialto, CA (55.21) |
53 | Albuquerque, NM (49.47) |
53 | Hialeah, FL (55.51) |
53 | Lowell, MA (55.19) |
54 | Cleveland, OH (49.41) |
54 | Oceanside, CA (55.44) |
54 | Plantation, FL (55.10) |
55 | Philadelphia, PA (49.16) |
55 | St. Petersburg, FL (55.38) |
55 | Carson, CA (55.02) |
56 | Honolulu, HI (48.99) |
56 | Santa Rosa, CA (55.19) |
56 | Carlsbad, CA (54.98) |
57 | Boston, MA (48.73) |
57 | Escondido, CA (55.03) |
57 | Lakeland, FL (54.82) |
58 | New Orleans, LA (48.03) |
58 | Winston-Salem, NC (55.02) |
58 | El Cajon, CA (54.77) |
59 | Corpus Christi, TX (47.95) |
59 | Salt Lake City, UT (54.61) |
59 | Cambridge, MA (54.71) |
60 | St. Louis, MO (47.63) |
60 | Pomona, CA (54.56) |
60 | Visalia, CA (54.65) |
61 | Miami, FL (47.49) |
61 | San Bernardino, CA (54.49) |
61 | Orange, CA (54.60) |
62 | New York, NY (45.76) |
62 | Springfield, MO (54.46) |
62 | Chico, CA (54.55) |
63 | Chicago, IL (45.56) |
63 | Garden Grove, CA (54.44) |
63 | Murrieta, CA (54.46) |
64 | Detroit, MI (43.11) |
64 | Richmond, VA (53.88) |
64 | Victorville, CA (54.45) |
65 | Baltimore, MD (37.32) |
65 | Rancho Cucamonga, CA (53.79) |
65 | Mesquite, TX (54.37) |
66 | Augusta, GA (53.66) |
66 | Yuma, AZ (54.30) |
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67 | Oxnard, CA (53.62) |
67 | Ann Arbor, MI (54.30) |
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68 | Knoxville, TN (53.06) |
68 | Fullerton, CA (54.21) |
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69 | Tallahassee, FL (52.93) |
69 | Norwalk, CA (54.20) |
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70 | Worcester, MA (52.49) |
70 | Lansing, MI (54.14) |
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71 | Huntington Beach, CA (52.40) |
71 | Simi Valley, CA (54.02) |
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72 | Salinas, CA (51.96) |
72 | Westminster, CA (54.01) |
||
73 | Columbus, GA (51.89) |
73 | Concord, CA (53.97) |
||
74 | Rochester, NY (51.78) |
74 | Burbank, CA (53.66) |
||
75 | Lancaster, CA (51.70) |
75 | Warren, MI (53.47) |
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76 | Fort Lauderdale, FL (51.55) |
76 | Richmond, CA (53.32) |
||
77 | Norfolk, VA (51.41) |
77 | Pompano Beach, FL (53.23) |
||
78 | Glendale, CA (50.74) |
78 | Fort Smith, AR (53.15) |
||
79 | Hollywood, FL (50.50) |
79 | Waukegan, IL (53.08) |
||
80 | Providence, RI (50.36) |
80 | Davenport, IA (52.97) |
||
81 | Anchorage, AK (50.34) |
80 | West Covina, CA (52.97) |
||
82 | Palmdale, CA (49.95) |
82 | Costa Mesa, CA (52.91) |
||
83 | Aurora, IL (49.83) |
83 | Sunrise, FL (52.89) |
||
84 | Amarillo, TX (49.63) |
84 | Hampton, VA (52.78) |
||
85 | Little Rock, AR (49.51) |
85 | Inglewood, CA (52.72) |
||
86 | Newport News, VA (49.04) |
86 | Ventura, CA (52.70) |
||
87 | Des Moines, IA (48.90) |
87 | Miramar, FL (52.47) |
||
88 | Toledo, OH (48.29) |
88 | Green Bay, WI (52.39) |
||
89 | Montgomery, AL (47.82) |
89 | Naperville, IL (52.33) |
||
90 | Akron, OH (47.35) |
90 | Berkeley, CA (52.23) |
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91 | Fayetteville, NC (46.77) |
91 | Compton, CA (52.22) |
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92 | Springfield, MA (46.68) |
92 | Gainesville, FL (52.22) |
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93 | Mobile, AL (46.52) |
93 | Roswell, GA (52.00) |
||
94 | Yonkers, NY (46.24) |
94 | Quincy, MA (51.76) |
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95 | Birmingham, AL (45.17) |
95 | Boca Raton, FL (51.75) |
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96 | Buffalo, NY (44.42) |
96 | Downey, CA (51.61) |
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97 | Baton Rouge, LA (43.22) |
97 | Coral Springs, FL (51.46) |
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98 | Newark, NJ (41.32) |
98 | Roanoke, VA (51.44) |
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99 | Shreveport, LA (41.16) |
99 | Clearwater, FL (51.08) |
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100 | Jackson, MS (39.37) |
100 | Savannah, GA (51.01) |
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101 | Mission Viejo, CA (50.91) |
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102 | Lynn, MA (50.69) |
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103 | Boulder, CO (50.63) |
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104 | Cedar Rapids, IA (50.59) |
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105 | Brockton, MA (50.53) |
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106 | El Monte, CA (50.15) |
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107 | Allentown, PA (50.15) |
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107 | Thousand Oaks, CA (50.15) |
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109 | Miami Gardens, FL (50.06) |
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110 | Torrance, CA (49.86) |
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111 | Springfield, IL (49.74) |
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112 | Elgin, IL (49.38) |
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113 | West Palm Beach, FL (48.65) |
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114 | Stamford, CT (48.56) |
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115 | Portsmouth, VA (48.31) |
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116 | Pasadena, CA (47.89) |
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117 | New Haven, CT (47.17) |
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118 | Dearborn, MI (46.99) |
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119 | Santa Barbara, CA (46.93) |
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120 | Sandy Springs, GA (46.65) |
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121 | Erie, PA (46.53) |
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122 | Joliet, IL (46.52) |
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123 | Elizabeth, NJ (45.92) |
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124 | Paterson, NJ (45.00) |
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125 | Flint, MI (44.73) |
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126 | New Bedford, MA (44.47) |
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127 | Fall River, MA (43.62) |
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128 | Rockford, IL (42.81) |
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129 | Peoria, IL (41.78) |
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130 | Hartford, CT (41.24) |
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131 | Waterbury, CT (41.05) |
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132 | Bridgeport, CT (40.86) |
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133 | Dayton, OH (38.44) |
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134 | Albany, NY (38.22) |
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135 | Miami Beach, FL (37.07) |
If you’re thinking about buying or selling a home in or around Charlotte, let us connect you with the top agent in your area by filling out the form below: