Charlotte ranks fifth in Zillow’s 10 hottest housing markets

CHARLOTTE — Experts say Charlotte will be a hot housing market again this year.

Zillow released its top 10 markets of 2022 and Charlotte ranked fifth.

According to Zillow, the typical home value in the Queen City is more than $329,000. The online real estate company expects home values to rise by 21% in 2022. The company factored in Charlotte’s job market and limited availability of homes for sale.

Raleigh also made the list at number three.

Zillow’s 10 hottest housing markets of 2022:

• Tampa
• Jacksonville
• Raleigh
• San Antonio
• Charlotte
• Nashville
• Atlanta
• Phoenix
• Orlando
• Austin

Zillow said work will play a key role as people decide whether to move in 2022 — for remote and on-site workers alike.

A strong labor market has factored into Zillow’s hottest markets list as well, the company said. With more flexible work opportunities and a recovering labor market, many areas with a high demand for housing are also seeing increased local job growth.

Six of the 10 markets on Zillow’s list have added more jobs than new homes over the past two years, intensifying the competition expected in these markets.

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