This North Carolina Zip Code Makes List For ‘Hottest’ Housing Areas In The Country
So, although this might not be the best time for buying a house with such high interest rates, it’s interesting to see where the best spots in the North Carolina housing market might be. According to Realtor.com, a North Carolina zip code makes their list for the 50 “hottest zip codes in the nation” for housing. Apparently, South Charlotte zip code 28277 came in at number 42 on the list.
And, for those wondering, the 28277 zip code encompasses Ballantyne, Piper Glen, Raintree and Providence Crossing. Realtor.com points out their data looks at how long listings remain active as well as demand for the area and quick-selling homes among other determining market factors. And, they used information for a period from January to June of 2023 to arrive at the list of 50 hottest zip codes in the nation. So, what are the prices in this North Carolina housing market?
Well, they show the median listing price of homes in these zip codes as of June 2023. And, the North Carolina zip of 28277 had a median list price of $623,000. So, while that is definitely out of budget for a lot of us, the analysis found these hot zip codes tell a story. Today’s buyers in the hot areas tend to be older homebuyers. And, they value areas near big cities. Plus, buyers in these zips want more space. And, with the market so competitive, “well qualified” buyers drive sales.
Furthermore, two other spots in the Carolinas landed among the 50 hottest zip codes for housing in the nation. Charleston South Carolina’s 29414 came in at number 13, with a median list price of $559,000. And, Columbia, South Carolina is at number 14 with the 29212 zip code and a median list price of $340,000.
So, before dipping your toe into the real estate market, take a look at the entire list from Realtor.com. The study has plenty of great info concerning market analysis. And, that comes in handy when it’s time to move.
This North Carolina City Is Building The 2nd Most New Homes Nationwide
Everywhere you look it seems like new homes are popping up. They take a lot that had one home on it and suddenly there is a whole new street and neighborhood. Take a drive around Charlotte in Southend and it’s incessant with new apartments being built. While this growth is obviously wonderful for the economy, it’s not great for traffic! And as many as they are building it’s still not enough. The real estate market in Charlotte is showing no signs of slowing down. The experts at Construction Coverage recently conducted research on the cities that are showing building the most new homes. And two North Carolina cities made the top 10 with the most new homes nationwide. These rankings are among major metros.
Ranking The Cities With The Most New Homes Nationwide
So how were these rankings compiled? According to Construction Coverage, researchers first analyzed the latest data from the U.S. Census Bureau and Zillow. From there researchers ranked metro areas “according to the number of new housing units authorized per 1,000 existing homes in 2022.” If there was a tie, “the metro with higher total new housing units authorized in 2022 was ranked higher.”
In addition to North Carolina, Florida and Texas were well represented on this list. A city that’s growth has seemingly paralleled Charlotte (but in a neighboring state) also ranked in the top 5. This research also was applied to small and medium metro areas as well and a few North and South Carolina metros made those lists. Below you’ll find the top large metros and some details about why they ranked where they did. And the end you can find a list of the other North and South Carolina small/medium metros and where they ranked for new homes built. The research also went deeper into trends, shortages, and more. You can read the full study and rankings here.
Debbie Nance is the afternoon co-host along with her husband on "The Charlie and Debbie Show" at WSOC, Country 1037 in Charlotte, North Carolina. She has been with the station for 18 years. Debbie is a CMA Award winner for Radio Personality of the Year. And, she has worked in radio for 40 years. Before her current afternoon position, Debbie spent more than a decade as co-host on morning shows in several markets across the Southeast. As a content creator for Country 1037, Debbie writes articles about food, new restaurants in the Carolinas and travel experiences.