compiled a list of cities with the fastest-growing home prices in North Carolina using data from Zillow.
Cities with the fastest-growing home prices in North Carolina
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $360,310 in May, 3.9% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the fastest-growing home prices in North Carolina using data from . Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending May 2024. The charts in this story were created automatically using . Data was available for 50 cities and towns in North Carolina.
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#50. Lake Junaluska
- Typical home value: $462,187
- 1-year price change: +$30,961 (+7.2%)
- 5-year price change: +$195,711 (+73.4%)
- Metro area: Asheville, NC
#49. Cornelius
- Typical home value: $525,377
- 1-year price change: +$31,009 (+6.3%)
- 5-year price change: +$203,764 (+63.4%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#48. Ocean Isle Beach
- Typical home value: $576,750
- 1-year price change: +$31,411 (+5.8%)
- 5-year price change: +$236,557 (+69.5%)
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#47. Horse Shoe
- Typical home value: $503,935
- 1-year price change: +$31,612 (+6.7%)
- 5-year price change: +$197,918 (+64.7%)
- Metro area: Asheville, NC
#46. Laurel Park
- Typical home value: $497,360
- 1-year price change: +$31,637 (+6.8%)
- 5-year price change: +$187,102 (+60.3%)
- Metro area: Asheville, NC
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#45. Boone
- Typical home value: $485,263
- 1-year price change: +$31,795 (+7.0%)
- 5-year price change: +$202,680 (+71.7%)
- Metro area: Boone, NC
#44. Bent Creek
- Typical home value: $517,315
- 1-year price change: +$31,924 (+6.6%)
- 5-year price change: +$186,147 (+56.2%)
- Metro area: Asheville, NC
#43. Camden
- Typical home value: $370,691
- 1-year price change: +$32,311 (+9.5%)
- 5-year price change: +$119,721 (+47.7%)
- Metro area: Virginia Beach-Norfolk-Newport News, VA-NC
#42. Saint James
- Typical home value: $712,302
- 1-year price change: +$32,649 (+4.8%)
- 5-year price change: +$280,459 (+64.9%)
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#41. Sugar Grove
- Typical home value: $401,938
- 1-year price change: +$32,743 (+8.9%)
- 5-year price change: +$167,776 (+71.6%)
- Metro area: Boone, NC
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#40. Shiloh
- Typical home value: $330,065
- 1-year price change: +$32,854 (+11.1%)
- 5-year price change: +$114,394 (+53.0%)
- Metro area: Virginia Beach-Norfolk-Newport News, VA-NC
#39. Topton
- Typical home value: $382,367
- 1-year price change: +$33,123 (+9.5%)
- 5-year price change: +$152,588 (+66.4%)
- Metro area: not in a metro area
#38. Salvo
- Typical home value: $688,108
- 1-year price change: +$33,261 (+5.1%)
- 5-year price change: +$268,031 (+63.8%)
- Metro area: Kill Devil Hills, NC
#37. Indian Beach
- Typical home value: $639,341
- 1-year price change: +$33,738 (+5.6%)
- 5-year price change: +$278,056 (+77.0%)
- Metro area: Morehead City, NC
#36. Semora
- Typical home value: $608,748
- 1-year price change: +$33,752 (+5.9%)
- 5-year price change: +$217,872 (+55.7%)
- Metro area: Durham-Chapel Hill, NC
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#35. Brevard
- Typical home value: $454,951
- 1-year price change: +$34,005 (+8.1%)
- 5-year price change: +$203,057 (+80.6%)
- Metro area: Brevard, NC
#34. Wrightsville Beach
- Typical home value: $1,513,147
- 1-year price change: +$34,083 (+2.3%)
- 5-year price change: +$641,771 (+73.7%)
- Metro area: Wilmington, NC
#33. Elk Park
- Typical home value: $304,307
- 1-year price change: +$35,217 (+13.1%)
- 5-year price change: +$153,702 (+102.1%)
- Metro area: not in a metro area
#32. Matthews
- Typical home value: $496,342
- 1-year price change: +$35,794 (+7.8%)
- 5-year price change: +$199,655 (+67.3%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#31. Huntersville
- Typical home value: $545,096
- 1-year price change: +$36,437 (+7.2%)
- 5-year price change: +$218,495 (+66.9%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
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#30. Newland
- Typical home value: $289,677
- 1-year price change: +$37,188 (+14.7%)
- 5-year price change: +$127,677 (+78.8%)
- Metro area: Hickory-Lenoir-Morganton, NC
#29. New Hill
- Typical home value: $666,361
- 1-year price change: +$37,464 (+6.0%)
- 5-year price change: +$251,141 (+60.5%)
- Metro area: Durham-Chapel Hill, NC
#28. Corolla
- Typical home value: $935,701
- 1-year price change: +$37,823 (+4.2%)
- 5-year price change: +$387,580 (+70.7%)
- Metro area: Virginia Beach-Norfolk-Newport News, VA-NC
#27. Waxhaw
- Typical home value: $591,032
- 1-year price change: +$38,197 (+6.9%)
- 5-year price change: +$237,321 (+67.1%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#26. Southern Shores
- Typical home value: $810,871
- 1-year price change: +$38,328 (+5.0%)
- 5-year price change: +$338,619 (+71.7%)
- Metro area: Kill Devil Hills, NC
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#25. Lake Santeetlah
- Typical home value: $678,515
- 1-year price change: +$38,843 (+6.1%)
- 5-year price change: +$235,323 (+53.1%)
- Metro area: not in a metro area
#24. Fairview
- Typical home value: $539,865
- 1-year price change: +$39,604 (+7.9%)
- 5-year price change: +$208,183 (+62.8%)
- Metro area: Asheville, NC
#23. Waves
- Typical home value: $881,435
- 1-year price change: +$39,893 (+4.7%)
- 5-year price change: +$349,660 (+65.8%)
- Metro area: Kill Devil Hills, NC
#22. Pisgah Forest
- Typical home value: $449,222
- 1-year price change: +$40,068 (+9.8%)
- 5-year price change: +$198,681 (+79.3%)
- Metro area: Brevard, NC
#21. Apex
- Typical home value: $622,305
- 1-year price change: +$40,231 (+6.9%)
- 5-year price change: +$234,022 (+60.3%)
- Metro area: Raleigh-Cary, NC
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#20. Blowing Rock
- Typical home value: $715,264
- 1-year price change: +$40,282 (+6.0%)
- 5-year price change: +$306,873 (+75.1%)
- Metro area: Boone, NC
#19. Scaly Mountain
- Typical home value: $508,384
- 1-year price change: +$41,577 (+8.9%)
- 5-year price change: +$206,772 (+68.6%)
- Metro area: not in a metro area
#18. Harkers Island
- Typical home value: $382,232
- 1-year price change: +$42,778 (+12.6%)
- 5-year price change: +$147,851 (+63.1%)
- Metro area: Morehead City, NC
#17. Chapel Hill
- Typical home value: $623,686
- 1-year price change: +$43,199 (+7.4%)
- 5-year price change: +$230,674 (+58.7%)
- Metro area: Durham-Chapel Hill, NC
#16. Cary
- Typical home value: $637,852
- 1-year price change: +$43,393 (+7.3%)
- 5-year price change: +$242,818 (+61.5%)
- Metro area: Raleigh-Cary, NC
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#15. Emerald Isle
- Typical home value: $747,038
- 1-year price change: +$43,640 (+6.2%)
- 5-year price change: +$322,316 (+75.9%)
- Metro area: Morehead City, NC
#14. Highlands
- Typical home value: $974,661
- 1-year price change: +$43,988 (+4.7%)
- 5-year price change: +$422,013 (+76.4%)
- Metro area: not in a metro area
#13. Wesley Chapel
- Typical home value: $623,842
- 1-year price change: +$45,175 (+7.8%)
- 5-year price change: +$253,067 (+68.3%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#12. Terrell
- Typical home value: $763,573
- 1-year price change: +$45,445 (+6.3%)
- 5-year price change: +$314,671 (+70.1%)
- Metro area: Hickory-Lenoir-Morganton, NC
#11. Montreat
- Typical home value: $622,168
- 1-year price change: +$47,795 (+8.3%)
- 5-year price change: data not available
- Metro area: Asheville, NC
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#10. Glenville
- Typical home value: $749,972
- 1-year price change: +$48,135 (+6.9%)
- 5-year price change: +$319,336 (+74.2%)
- Metro area: Cullowhee, NC
#9. Duck
- Typical home value: $999,864
- 1-year price change: +$49,238 (+5.2%)
- 5-year price change: +$410,525 (+69.7%)
- Metro area: Kill Devil Hills, NC
#8. Davidson
- Typical home value: $653,695
- 1-year price change: +$49,744 (+8.2%)
- 5-year price change: +$251,601 (+62.6%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#7. Carrboro
- Typical home value: $547,702
- 1-year price change: +$50,139 (+10.1%)
- 5-year price change: +$207,674 (+61.1%)
- Metro area: Durham-Chapel Hill, NC
#6. Lake Toxaway
- Typical home value: $686,006
- 1-year price change: +$56,111 (+8.9%)
- 5-year price change: +$309,967 (+82.4%)
- Metro area: Brevard, NC
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#5. Cashiers
- Typical home value: $1,170,490
- 1-year price change: +$59,209 (+5.3%)
- 5-year price change: +$562,502 (+92.5%)
- Metro area: Cullowhee, NC
#4. Holden Beach
- Typical home value: $900,849
- 1-year price change: +$60,952 (+7.3%)
- 5-year price change: +$429,736 (+91.2%)
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#3. Bald Head Island
- Typical home value: $1,342,766
- 1-year price change: +$72,631 (+5.7%)
- 5-year price change: +$585,226 (+77.3%)
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#2. Weddington
- Typical home value: $1,002,254
- 1-year price change: +$94,516 (+10.4%)
- 5-year price change: +$425,006 (+73.6%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#1. Marvin
- Typical home value: $1,147,257
- 1-year price change: +$128,691 (+12.6%)
- 5-year price change: +$476,505 (+71.0%)
- Metro area: Charlotte-Concord-Gastonia, NC-SC
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
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