Best Places To Buy A House In North Carolina For 2020


Using science and data, we can tell you which places in North Carolina have seen home prices rising and people flocking over the past year.

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2020.

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There's a the age old question everyone thinks about when they decide to move to a city in North Carolina:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in North Carolina, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Tar Heel State.

To do that we are going to look at places in North Carolina that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in North Carolina at the moment? That would be Walke according to our analysis.

Here's a look at the top ten places to buy a home in north carolina for 2020:

  1. Walke (Homes For Sale)
  2. Ayden (Homes For Sale)
  3. St. James (Homes For Sale)
  4. Sawmills (Homes For Sale)
  5. Zebulon (Photos | Homes For Sale)
  6. Mocksville (Photos | Homes For Sale)
  7. Wadesboro (Photos | Homes For Sale)
  8. Stokesdale (Homes For Sale)
  9. Williamston (Photos | Homes For Sale)
  10. Angier (Photos | Homes For Sale)

What's the best place to buy a home in North Carolina for 2020? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in north carolina and, for those of you on a budget, the cheapest places to live in north carolina.

For more North Carolina reading, check out:

The 10 Best Cities To Buy A House In North Carolina For 2020

Source: Public Domain
Overall SnackAbility

5
/10

Population: 5,043
Median Home Price: $130,300
Population Change: 1.5%
Home Price Change: 2.7%
More on Walke: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 5,112
Median Home Price: $108,100
Population Change: -0.2%
Home Price Change: 9.7%
More on Ayden: Homes For Sale | Data

In 1891, William Henry Harris asked the Atlantic Coast Line Railroad to build a railroad depot on a portion of his farm in order to create a village. A 40-acre parcel of land was divided into residential lots surrounding the depot in "Harristown", with Harris owning every other lot. Within the next several years, lots were sold and homes built. Businesses began to open up to support the new residents, and on February 3, 1891, the town was incorporated as "Ayden." Within a few years, the Carolina Christian College and the Free Will Baptist Seminary were established. By 1919, Ayden had full-time electricity supplied by the Ayden municipal light plant. In 1922, the Mutual Building and Loan Association of Ayden was organized to help families obtain mortgages to build homes in Ayden.

Overall SnackAbility

6
/10

Population: 5,133
Median Home Price: $449,400
Population Change: 8.1%
Home Price Change: -0.2%
More on St. James: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 5,159
Median Home Price: $108,800
Population Change: -0.0%
Home Price Change: 9.8%
More on Sawmills: Homes For Sale | Data

Zebulon, NC

Overall SnackAbility

6
/10

Population: 5,166
Median Home Price: $125,900
Population Change: 4.5%
Home Price Change: -13.2%
More on Zebulon: PhotosHomes For Sale | Data

Mocksville, NC

Overall SnackAbility

5
/10

Population: 5,184
Median Home Price: $141,700
Population Change: 1.1%
Home Price Change: 2.6%
More on Mocksville: PhotosHomes For Sale | Data

Mocksville was incorporated as a town in 1839. The town was named for the original owner of the town site.

Wadesboro, NC

Overall SnackAbility

4
/10

Population: 5,351
Median Home Price: $97,900
Population Change: -1.2%
Home Price Change: -0.8%
More on Wadesboro: PhotosHomes For Sale | Data

Originally called "Newtown", the town was renamed in 1783 in honor of Colonel Thomas Wade after his service with the Minutemen in the Revolutionary War.

Overall SnackAbility

6
/10

Population: 5,367
Median Home Price: $197,400
Population Change: 0.7%
Home Price Change: 4.1%
More on Stokesdale: Homes For Sale | Data

Williamston, NC

Overall SnackAbility

5
/10

Population: 5,375
Median Home Price: $97,700
Population Change: -0.4%
Home Price Change: 17.1%
More on Williamston: PhotosHomes For Sale | Data

Angier, NC

Overall SnackAbility

5
/10

Population: 5,376
Median Home Price: $151,900
Population Change: 4.4%
Home Price Change: 1.3%
More on Angier: PhotosHomes For Sale | Data

The Williams Grove School was listed on the National Register of Historic Places in 1995.

How do you determine the best places to buy a home in north carolina for 2020?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in North Carolina. Put differently, the analysis will try to find places in North Carolina with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2014-2018 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for North Carolina with the following caveats:

So of the 0 cities and towns in North Carolina, only 134 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 134 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Walke is the best potential gem in the not-so-rough in the Tar Heel State.

Read on for more on these places.

There You Have It - The Best Places To Purchase A House In north carolina for 2020

There's our analysis of the best places to buy a house in North Carolina. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more north carolina reading, check out:

Detailed List Of The Best Places To Buy A Home In North Carolina

City Rank Median Home Price Population Change Home Price Increase
Walke 1 $130,300 1.5% 2.7%
Ayden 2 $108,100 -0.2% 9.7%
St. James 3 $449,400 8.1% -0.2%
Sawmills 4 $108,800 -0.0% 9.8%
Zebulon 5 $125,900 4.5% -13.2%
Mocksville 6 $141,700 1.1% 2.6%
Wadesboro 7 $97,900 -1.2% -0.8%
Stokesdale 8 $197,400 0.7% 4.1%
Williamston 9 $97,700 -0.4% 17.1%
Angier 10 $151,900 4.4% 1.3%
Bessemer City 11 $102,800 0.5% 3.8%
Whiteville 12 $103,900 -0.7% 4.7%
Nashville 13 $136,900 0.9% 8.3%
Boiling Spring Lakes 14 $157,200 1.9% 4.1%
Cherryville 15 $115,800 0.6% 5.0%
Carolina Beach 16 $328,000 1.3% 2.4%
Marvin 17 $661,300 2.0% 4.4%
Hamlet 18 $89,100 -0.6% -3.4%
Woodfin 19 $202,500 1.5% 9.7%
Selma 20 $89,500 3.2% 2.2%
Trinity 21 $132,900 0.2% 2.3%
Unionville 22 $196,200 5.1% 3.5%
Wendell 23 $165,000 4.8% 13.1%
Oak Ridge 24 $342,700 1.5% 1.2%
King 25 $152,700 1.8% 2.8%
Rolesville 26 $318,700 10.3% 16.4%
Gibsonville 27 $168,200 2.6% 9.6%
Kill Devil Hills 28 $237,100 0.8% -1.3%
Hillsborough 29 $242,100 0.7% 9.2%
Forest City 30 $110,300 -1.1% 24.6%
Mills River 31 $245,100 1.3% 8.1%
Aberdeen 32 $171,900 2.1% 5.4%
Oak Island 33 $258,300 2.9% 0.3%
Butner 34 $132,900 -0.1% -1.1%
Brevard 35 $213,700 0.3% 2.6%
Marion 36 $89,600 1.1% 0.2%
Fletcher 37 $201,800 2.8% 0.8%
Siler City 38 $106,000 -0.1% -0.1%
Black Mountain 39 $218,200 0.3% 4.5%
Roxboro 40 $84,200 0.1% -16.4%
Conover 41 $145,100 0.1% -0.7%
Clinton 42 $118,100 -0.8% -1.1%
Pineville 43 $208,300 1.9% 13.8%
Wesley Chapel 44 $339,800 2.2% 3.7%
Oxford 45 $131,200 0.4% 2.3%
Rockingham 46 $99,200 -1.1% 2.5%
Morehead City 47 $223,400 1.1% 8.9%
Winterville 48 $159,400 0.6% 0.6%
Dunn 49 $119,400 -0.2% 1.6%
Washington 50 $140,300 -0.7% -2.6%
Waynesville 51 $172,600 1.0% 4.2%
Mount Airy 52 $136,800 0.3% 0.2%
Weddington 53 $443,600 1.8% 1.9%
Lincolnton 54 $133,100 1.0% -1.3%
Kings Mountain 55 $118,100 0.2% 4.2%
Elon 56 $246,900 10.8% 6.1%
Summerfield 57 $350,200 0.8% 0.3%
Tarboro 58 $113,800 0.1% 2.2%
Archdale 59 $136,700 0.3% 0.7%
Belmont 60 $194,600 3.5% 8.0%
Smithfield 61 $140,700 2.5% 9.4%
Spring Lake 62 $96,000 -3.6% 2.0%
Davidson 63 $423,000 2.8% 4.2%
Newton 64 $107,700 0.1% -1.7%
Lewisville 65 $189,200 1.0% 1.3%
Southern Pines 66 $295,900 2.0% 4.4%
Hendersonville 67 $175,000 1.4% 4.2%
Reidsville 68 $100,000 -0.2% 0.0%
Waxhaw 69 $308,200 7.8% 8.1%
Graham 70 $129,400 0.9% -1.8%
Roanoke Rapids 71 $112,900 -1.1% 0.1%
Henderson 72 $98,200 -0.2% 6.7%
Eden 73 $83,800 -0.7% 1.7%
Knightdale 74 $183,000 5.8% 3.6%
Mebane 75 $185,700 5.4% 3.9%
Stallings 76 $240,400 1.8% 5.7%
Laurinburg 77 $102,400 -0.4% 4.2%
Harrisburg 78 $270,400 2.8% 6.4%
Mount Holly 79 $163,900 2.4% 4.3%
Hope Mills 80 $128,600 -2.1% -2.6%
Pinehurst 81 $297,100 1.5% 2.5%
Albemarle 82 $116,900 0.1% -3.3%
Morganton 83 $147,100 -0.1% -0.2%
Elizabeth City 84 $127,200 -0.7% -7.3%
Lenoir 85 $109,400 0.1% 5.6%
Boone 86 $260,700 1.6% -2.8%
Lexington 87 $106,000 -0.1% 3.1%
Leland 88 $222,600 6.3% 7.7%
Clemmons 89 $214,400 1.0% 2.4%
Shelby 90 $116,100 -0.0% -0.8%
Clayton 91 $174,900 5.3% 4.9%
Havelock 92 $137,000 -0.4% -1.7%
Kinston 93 $102,700 -1.6% 1.7%
Lumberton 94 $111,500 -0.8% 7.9%
Carrboro 95 $350,800 0.6% 4.9%
Kernersville 96 $172,000 0.4% 0.3%
Morrisville 97 $317,700 4.8% 4.3%
Asheboro 98 $115,200 -0.0% 1.5%
Mint Hill 99 $252,800 2.2% 7.7%
Statesville 100 $146,200 1.5% 2.0%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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