With home values up around 3.3% in the past year and mortgage rates remaining high, the personal-finance website WalletHub today released its report on the Best Real Estate Markets in 2024, and several cities in South Carolina and North Carolina have earned notable spots. The rankings evaluated 300 cities based on 27 key metrics such as housing affordability, market health, and economic growth.
In North Carolina three cities were in the top 10 with Cary ranked 3rd overall, Durham 5th and Charlotte secured a strong position, ranking 7th overall. Raleigh also performed well, coming in at 18th due to its dynamic real estate market and growing population. Wilmington, NC was ranked 44th and High Point came in at 90th. Winston-Salem was 109th, Fayetteville 154th, and Greensboro 175th,
South Carolina only had two cities on the list. North Charleston was ranked 26th, and Charleston was just behind at 32nd.
These rankings offer valuable insights for potential homebuyers and investors, emphasizing the strength and potential of real estate markets in the Carolinas.
For a full list of rankings and additional details, you can visit WalletHub’s website.
| Best Real Estate Markets | Worst Real Estate Markets | |
| 1. McKinney, TX | 291. Miami Beach, FL | |
| 2. Frisco, TX | 292. Cleveland, OH | |
| 3. Cary, NC | 293. Davenport, IA | |
| 4. Nashville, TN | 294. Philadelphia, PA | |
| 5. Durham, NC | 295. Peoria, IL | |
| 6. Gilbert, AZ | 296. Jackson, MS | |
| 7. Charlotte, NC | 297. Baton Rouge, LA | |
| 8. Denton, TX | 298. Shreveport, LA | |
| 9. Allen, TX | 299. Baltimore, MD | |
| 10. Port St. Lucie, FL | 300. New Orleans, LA | |
Best vs. Worst
- San Jose, Sunnyvale and Santa Clara, California, have the lowest share of seriously underwater mortgages, which is 26.6 times lower than in Baton Rouge, Louisiana, the city with the highest.
- Fontana, California, has the lowest vacancy rate, which is 16.6 times lower than in Miami Beach, Florida, the city with the highest.
- Flint, Michigan, has the lowest home price as a share of income, which is 12.7 times lower than in Santa Monica, California, the city with the highest.
- Rochester, New York, has the fewest median days on the market, which is six times fewer than in Lancaster, California, the city with the most.
To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/best-real-estate-markets/14889
