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Which Charlotte-area neighborhoods post the hottest housing markets?

By by Jenna Martin, Charlotte Business Journal
By by Jenna Martin, Charlotte Business Journal

CHARLOTTE, N.C. — What makes a specific neighborhood a hot — or cold — housing market? According to this new study, several factors play a contributing role.

To compile its 2018 Housing Neighborhood Housing Index, Attom Data Solutions weighed six key criteria that it says impact a housing market on the hyperlocal level. The Irvine, California-based residential property database firm ranked nearly 11,000 neighborhoods across the nation on affordability, home price appreciation, school scores, crime rates, unemployment rates and property taxes. It assigned each an “A” through “F” grade based on how it fared in those categories.

Of the 175 neighborhoods analyzed in the Charlotte metropolitan statistical area, 39 received an “A”; 30 received a “B”; 30 received a “C”; 42 received a “D”; and 34 received an “F” for their housing markets.

A higher concentration of neighborhood housing markets receiving a “D” or an “F” were found in and northbound of uptown, while those neighborhoods scoring higher marks were located on the fringes.

Neighborhoods that fell into the “B” grouping posted the highest local median home sales price in the first half of the year: $319,345 (up an annual 10.9%); and those in the “D” bracket averaged the strongest annual price growth: 14.4% ($195,296 median sales price).

Attom’s senior vice president, Daren Blomquist, told CBJ the one piece about the Charlotte market that stuck out most to him related to the high home-price appreciation among neighborhoods in the “D” group.

See a breakout of the neighborhoods that Attom ranked as tops in the Charlotte region here.

And here's a recap of the neighborhood housing markets landing in the lowest tier.

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