These NC towns have the fastest growing home prices in the state, report says

A new report is shedding light on which areas in North Carolina have the fastest growing home prices.

Using data from Zillow, Stacker compiled a list of the priciest communities across the state “ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending April 2024.”

According to the report, the typical U.S. home value in April was $359,402 — about 4 percent higher than that time last year. In comparison, home values in some parts of North Carolina have jumped even more than that.

Of the cities with the fastest growing home prices in North Carolina, the village of Marvin, south of Charlotte near the South Carolina border, ranked at the top of the list with the biggest price change:

• Typical home value: $1,145,429

• 1-year price change: +$123,302 (+12.1%)

• 5-year price change: +$468,867 (+69.3%)

Here’s a look at how housing prices compare in other areas of North Carolina, according to Stacker’s report:

Top 10 areas with fastest growing home prices in NC

Marvin

Marvin is a village located in Union County, about 20 miles from Charlotte.

• Typical home value: $1,145,429

• 1-year price change: +$123,302 (+12.1%)

• 5-year price change: +$468,867 (+69.3%)

Weddington

Weddington is a town in the northwestern corner of Union County, about 23 miles outside of Charlotte.

• Typical home value: $1,000,016

• 1-year price change: +$88,061 (+9.7%)

• 5-year price change: +$419,166 (+72.2%)

Bald Head Island

Bald Head Island is a barrier island nestled in Brunswick County.

• Typical home value: $1,351,768

• 1-year price change: +$65,742 (+5.1%)

• 5-year price change: +$585,698 (+76.5%)

Holden Beach

Holden Beach is a town in Brunswick County, between Wilmington and Myrtle Beach.

• Typical home value: $892,089

• 1-year price change: +$54,283 (+6.5%)

• 5-year price change: +$423,084 (+90.2%)

Lake Toxaway

Lake Toxaway is a community in the western part of North Carolina near Brevard.

• Typical home value: $683,865

• 1-year price change: +$52,328 (+8.3%)

• 5-year price change: +$304,497 (+80.3%)

Carrboro

Carrboro is a town in Orange County, about 20 miles outside of Durham.

• Typical home value: $541,102

• 1-year price change: +$51,797 (+10.6%)

• 5-year price change: +$204,321 (+60.7%)

Terrell

Terrell is a small community in Catawba County, about 30 miles outside of Charlotte.

• Typical home value: $756,417

• 1-year price change: +$49,112 (+6.9%)

• 5-year price change: +$309,505 (+69.3%)

Montreat

Montreat is a town in Buncombe County, about 20 miles away from Asheville.

• Typical home value: $609,015

• 1-year price change: +$47,646 (+8.5%)

• 5-year price change: data not available

Davidson

Davidson is a town in the Lake Norman area, about 20 miles away from Charlotte.

• Typical home value: $649,435

• 1-year price change: +$47,315 (+7.9%)

• 5-year price change: +$246,396 (+61.1%)

Duck

The town of Duck is Dare County’s northernmost community located in the Outer Banks.

• Typical home value: $1,007,512

• 1-year price change: +$45,977 (+4.8%)

• 5-year price change: +$413,232 (+69.5%)

You can find the full list of where home prices are growing the fastest across North Carolina online at stacker.com.

This story was originally published June 5, 2024 at 12:55 PM with the headline "These NC towns have the fastest growing home prices in the state, report says."

Chyna Blackmon

The Charlotte Observer

Chyna Blackmon was a service journalism reporter for The Charlotte Observer. A native of the Carolinas, she grew up in Columbia, SC, and graduated from Queens University of Charlotte. She’s also worked in local television news in Charlotte, NC, and Richmond, VA. Support my work with a digital subscription