Charlotte Ranked As 2020’s 6th Best Large Real-Estate Market

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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)
67 Oxnard, CA
(53.62)
67 Ann Arbor, MI
(54.30)
68 Knoxville, TN
(53.06)
68 Fullerton, CA
(54.21)
69 Tallahassee, FL
(52.93)
69 Norwalk, CA
(54.20)
70 Worcester, MA
(52.49)
70 Lansing, MI
(54.14)
71 Huntington Beach, CA
(52.40)
71 Simi Valley, CA
(54.02)
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)
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)
91 Fayetteville, NC
(46.77)
91 Compton, CA
(52.22)
92 Springfield, MA
(46.68)
92 Gainesville, FL
(52.22)
93 Mobile, AL
(46.52)
93 Roswell, GA
(52.00)
94 Yonkers, NY
(46.24)
94 Quincy, MA
(51.76)
95 Birmingham, AL
(45.17)
95 Boca Raton, FL
(51.75)
96 Buffalo, NY
(44.42)
96 Downey, CA
(51.61)
97 Baton Rouge, LA
(43.22)
97 Coral Springs, FL
(51.46)
98 Newark, NJ
(41.32)
98 Roanoke, VA
(51.44)
99 Shreveport, LA
(41.16)
99 Clearwater, FL
(51.08)
100 Jackson, MS
(39.37)
100 Savannah, GA
(51.01)
101 Mission Viejo, CA
(50.91)
102 Lynn, MA
(50.69)
103 Boulder, CO
(50.63)
104 Cedar Rapids, IA
(50.59)
105 Brockton, MA
(50.53)
106 El Monte, CA
(50.15)
107 Allentown, PA
(50.15)
107 Thousand Oaks, CA
(50.15)
109 Miami Gardens, FL
(50.06)
110 Torrance, CA
(49.86)
111 Springfield, IL
(49.74)
112 Elgin, IL
(49.38)
113 West Palm Beach, FL
(48.65)
114 Stamford, CT
(48.56)
115 Portsmouth, VA
(48.31)
116 Pasadena, CA
(47.89)
117 New Haven, CT
(47.17)
118 Dearborn, MI
(46.99)
119 Santa Barbara, CA
(46.93)
120 Sandy Springs, GA
(46.65)
121 Erie, PA
(46.53)
122 Joliet, IL
(46.52)
123 Elizabeth, NJ
(45.92)
124 Paterson, NJ
(45.00)
125 Flint, MI
(44.73)
126 New Bedford, MA
(44.47)
127 Fall River, MA
(43.62)
128 Rockford, IL
(42.81)
129 Peoria, IL
(41.78)
130 Hartford, CT
(41.24)
131 Waterbury, CT
(41.05)
132 Bridgeport, CT
(40.86)
133 Dayton, OH
(38.44)
134 Albany, NY
(38.22)
135 Miami Beach, FL
(37.07)

 

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