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Charlotte One Of Hottest Real Estate Markets In US: Zillow


two North Carolina cities are at the top, according to a new Zillow market report. Raleigh and Charlotte were ranked the second and fourth hottest real estate markets in the country, Zillow said. "Both areas boast strong income and population growth ...


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CHARLOTTE, NC -- When it comes to the hottest housing markets in the U.Sgoing into 2018, two North Carolina cities are at the top, according to a new Zillow market reportRaleigh and Charlotte were ranked the second and fourth hottest real estate markets in the country, Zillow said"Both areas boast strong income and population growth, as fast-growing Research Triangle anchor Raleigh becomes better known for innovations outside its life sciences base and Bank of America headquarters Charlotte builds on its reputation as a financial center," said Zillow data scientist Lauren BretzThe hottest real estate market in the country is in San Jose, California, where the median home value is $1.13 million, and is expected to increase 8.9 percent in 2018, according to BretzThe area boasts the highest job opening ratio per person in the country, and the only market where incomes average above $100,000, she saidIn other parts of the country, however, once thriving industrial cities Cleveland, Ohio; Buffalo, New York; and Milwaukee, Wisconsin are facing significant challenges, the report found"The population of all three metros is falling, and unemployment in Cleveland is 6.2 percent, well above the historically low national rate of 4.1 percent," Bretz saidZillow's rankings are based on six variables in the 50 biggest metro areas in the country, including its home value and rent forecast, income estimates, population growth data, unemployment rates and current job openingsHere's Zillow's ranking of the top 10 hottest U.Smarkets: San Jose, California Raleigh, North Carolina Seattle, Washington Charlotte, North Carolina San Francisco, California Austin, Texas Denver, Colorado Nashville, Tennessee Portland, Oregon Dallas, Texas You can read more about Zillow's findings and methodology herePhoto via PixabaySubscribe Back to the Charlotte Patch More from Charlotte PatchUp next on Charlotte Patch Overnight Ambush At CMPD HQ Sparks Internal Probe ga("send", "event", "taboola", "served", "impression", 1, { "nonInteraction": 1 }); if (mobile_detect.is_phone) { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-b', container: 'taboola-below-article-thumbnails', placement: 'Mobile Below Article Thumbnails', target_type: 'mix' }); } else { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' }); } window._taboola = window._taboola || []; _taboola.push({flush: true}); var disqus_shortname = "patchmedia"; var disqus_identifier = "27430757"; var disqus_title = "Charlotte One Of Hottest Real Estate Markets In US: Zillow"; var disqus_url = "https://patch.com/north-carolina/charlotte/charlotte-one-hottest-real-estate-markets-us-zillow"; jQuery(document).ready(function() { jQuery('#show-disqus, .btn-comment-now').on('click', function(event){ jQuery.ajax({ type: "GET", url: "https://patchmedia.disqus.com/embed.js", dataType: "script", cache: true }); jQuery('#comments-guidelines').show(); event.target.id !== 'show-disqus' && jQuery('html, body').animate({ scrollTop: jQuery('#disqus_thread').offset().top - 220 }, 1000); jQuery('#show-disqus').slideUp(); return false; }); location.hash === '#comments' && jQuery('#show-disqus').click(); }); Show Comments Patch Community Guidelines Patch welcomes contributions and comments from our usersWe strive for civil, enlightened discussions on Patch stories and local issuesPlease abide by our posting standards: Be civil No profanity No personal attacks or insults Stay on topic Users who violate our posting rules will have their comments blocked or deletedUsers who flagrantly violate our standards can be banned at the moderator's discretion. × What are Featured Events? 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Feature your announcement on Patch now Featured Announcements + Add your announcement on Patch Real Estate NearbySelect a Listing TypeNewly ListedOpen HousesForeclosuresRentals 2932 Hanson DrCharlotte, North Carolina 28207 For Sale: $320,0003 bd/1 full ba, 1,028 sqft More Info 3520 Ritch AveCharlotte, North Carolina 28206 For Sale: $425,0003 bd/2 full ba, 1,630 sqft More Info 3522 Nevin Brook RdCharlotte, North Carolina 28269 For Sale: $148,5003 bd/2 full ba, 1,490 sqft More Info 700 Nottingham DrCharlotte, North Carolina 28211 For Sale: $590,0005 bd/2 full ba, 2,690 sqft More Info 463 Steel Gardens BlvdCharlotte, North Carolina 28205 For Sale: $305,0002 bd/2 full ba, 1,470 sqft More Info 1064 Sedgefield RdCharlotte, North Carolina 28209 For Sale: $595,0004 bd/2 full ba, 2,198 sqft More Info 700 Nottingham DrCharlotte, North Carolina 28211 For Sale: $590,0005 bd/2 full ba, 2,690 sqft More Info 531 Worthington AveCharlotte, North Carolina 28203 For Sale: $1,150,0005 bd/4 full ba, 3,900 sqft More Info 410 Stilwell Oaks CirCharlotte, North Carolina 28212 For Sale: $184,0003 bd/1 full ba, 1,583 sqft More Info 612 Olmsted Park PlCharlotte, North Carolina 28203 For Sale: $575,0003 bd/2 full ba, 1,699 sqft More Info We could not find any nearby foreclosures, but here are a few nearby homes for sale: 2932 Hanson DrCharlotte, North Carolina 28207 Foreclosure: $320,0003 bd/1 full ba, 1,028 sqft More Info 3520 Ritch AveCharlotte, North Carolina 28206 Foreclosure: $425,0003 bd/2 full ba, 1,630 sqft More Info 3522 Nevin Brook RdCharlotte, North Carolina 28269 Foreclosure: $148,5003 bd/2 full ba, 1,490 sqft More Info 700 Nottingham DrCharlotte, North Carolina 28211 Foreclosure: $590,0005 bd/2 full ba, 2,690 sqft More Info 463 Steel Gardens BlvdCharlotte, North Carolina 28205 Foreclosure: $305,0002 bd/2 full ba, 1,470 sqft More Info 220 Alpha Mill LnCharlotte, North Carolina 28206 Rent: $1,030-$1,7500-2 bd/1-2 full ba, 416-1,264 sqft More Info 902 W 4th StCharlotte, North Carolina 28202 Rent: $1,174-$1,5800-2 bd/1-2 full ba, 601-1,164 sqft More Info 4401 Hamptonridge DrCharlotte, North Carolina 28210 Rent: $937-$1,8121-3 bd/1-2 full ba, 784-1,400 sqft More Info 135 W Morehead StCharlotte, North Carolina 28202 Rent: $1,019-$2,4320-2 bd/1-2.5 full ba, 596-1,558 sqft More Info 8108 Vinoy BlvdCharlotte, North Carolina 28262 Rent: $948-$1,6221-2 bd/1-2 full ba, 740-1,157 sqft More Info Nearby PatchesNoDa-Midwood-Belmont Myers Park-South End-Dilworth Huntersville Cornelius Davidson Mooresville TopicsArts & Entertainment Bulletin Board Business Community Corner Health & Fitness Home & Garden Jobs Kids & Family Local Deals & Classifieds Local Voices Obituaries Police & Fire Politics & Government Real Estate Schools Seasonal & Holidays Sports Weather Corporate InfoAbout Patch Careers PartnershipsAdvertise on Patch SupportFAQs Contact Patch View All Patches Patch Network Terms of Use Privacy Policy © 2018 Patch MediaAll Rights Reserved. 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