In the market for a local lake home? Here’s how much it’ll cost

CHARLOTTE, N.C. — The two main lake home markets in the Charlotte area remain among the largest in the nation.

The Lake Norman market is valued at about $952.5 million, ranking at No. 3 behind the Lake Michigan markets in both Illinois ($1.6 billion) and Michigan ($1.31 billion), according to Lake Homes Realty’s Lake Real Estate Market report for fall 2020. Lake Wylie comes in as the seventh-largest market, at $447.2 million, behind Lake Lanier in Georgia ($588.7 million), Lake of the Ozarks in Missouri ($563.1 million), and Lake Travis in Texas ($482.2 million).

Alabama-based Lake Homes Realty determined the largest markets by combining the values of home listings and land for sale in lake communities in 29 states. It collected August listing data for the report.

Read the full story here for more on the major local lake markets as well as the most expensive and most affordable lake-area ZIP codes in the Carolinas.