This Mountain Town is the Most Expensive City to Live in North Carolina

November 16th 4:13 PM

Empty wooden chairs in autumn fall foliage season countryside

Thinking about moving? I know, it can be a lot of work when it comes to moving. Packing, and finding a place to live, all while trying to not spend all of your money. It’s stressful and quite draining when it comes to finding a new city to live. So many people want to pick up their belongings and start over somewhere. They want to be able to find a cool, new city to start over. But, you know what is one of the biggest things to look at when moving? The cost of living. The cost of living in every city can be different, but you want to be able to get the biggest bang for your buck.

Wealthiest Cities is naming some of the most expensive cities to call home in North Carolina. It’s quite intense to think about it if you really want to sit and ponder. What are the most expensive cities in North Carolina? Some of these I was not sure what they were, but it’s nice to look into. Well, the most expensive city to call home in North Carolina is the town of Cashiers. Cashiers, North Carolina is a small mountain town that is a popular resort area. The area is known for its high cost of living. The median price of a home in Cashiers, North Carolina is OVER $1 million. WHAT! How insane is that? The MEDIAN cost is in the millions.

Not only is the area popular for vacationing tourists, but it is also a great area for many retirees. You can enjoy the beautiful views of the Appalachian Mountains from Cashiers and enjoy tons of shops and restaurants in the area. Due to the area being such a popular vacation destination, the cost of living seems to continue to rise. Want to know what other cities made the list? Check out the full report here.

This North Carolina City Is Building The 2nd Most New Homes Nationwide

Everywhere you look it seems like new homes are popping up. They take a lot that had one home on it and suddenly there is a whole new street and neighborhood. Take a drive around Charlotte in Southend and it’s incessant with new apartments being built. While this growth is obviously wonderful for the economy, it’s not great for traffic! And as many as they are building it’s still not enough. The real estate market in Charlotte is showing no signs of slowing down. The experts at Construction Coverage recently conducted research on the cities that are showing building the most new homes. And two North Carolina cities made the top 10 with the most new homes nationwide. These rankings are among major metros.

Ranking The Cities With The Most New Homes Nationwide

So how were these rankings compiled? According to Construction Coverage, researchers first analyzed the latest data from the U.S. Census Bureau and Zillow. From there researchers ranked metro areas “according to the number of new housing units authorized per 1,000 existing homes in 2022.” If there was a tie, “the metro with higher total new housing units authorized in 2022 was ranked higher.”

In addition to North Carolina, Florida and Texas were well represented on this list. A city that’s growth has seemingly paralleled Charlotte (but in a neighboring state) also ranked in the top 5. This research also was applied to small and medium metro areas as well and a few North and South Carolina metros made those lists. Below you’ll find the top large metros and some details about why they ranked where they did. And the end you can find a list of the other North and South Carolina small/medium metros and where they ranked for new homes built. The research also went deeper into trends, shortages, and more. You can read the full study and rankings here.

8. Charlotte-Concord-Gastonia, NC

Charlotte ranks number 8 on this list with 23.9 new housing units authorized per existing 1,000 homes. In 2022 the Charlotte Metro Area built 27,212 new homes. The median home price in the region is $369,590.
7. Orlando-Kissimmee-Sanford, FL

The median home price in Orlando is $388,191. In 2022 28,638 new homes were constructed. And 25.7 new housing units were authorized per 1,000 existing homes.
6. Dallas-Fort Worth-Arlington, TX

Coming in at number 6 with a whopping 77,894 new housing units authorized in 2022 is the Dallas region. There were 25.8 new units authorized per 1,000 existing homes. And the median price? $376,026.
5. Houston-The Woodlands-Sugarland, TX

Staying in Texas to crack the top 5 with the Houston Metro. A much lower median home price of just $306,423. 75,728 new housing units were approved with is 66.8 per 1,000 existing units.
4. Jacksonville, FL

Our second Florida city on this list is Jacksonville with a median home price of $355,024. There were 32.6 new housing units approved per 1,000 existing which comes to a total of 23,169.
3. Nashville- Davidson-Murfreesboro, TN

Coming in at number three is a city that’s growth has seemed to parallel Charlotte’s a lot. Nashville has one of the highest median home prices at $436,866. 28,192 new units were authorized in 2022, which is 32.8 per 1,000 existing,
2. Raleigh-Cary, NC

If it wasn’t Charlotte, well you knew it had to be our state’s capital city. The median home price in this area is surprisingly higher than Charlotte at $433,469. 36.2 new units were approved in 2022 per 1,000 existing which equated to 21,568 new units.
1. Austin-Round Rock-Georgetown, TX

And Austin Texas takes the title with 42,364 new homes approved which is 42.5 per 1,000 existing. These homes will run buyers a median price of $487,537. Is it too late to get involved in the Austin real estate market?
Small/Median Carolina Metros- Where They Ranked
Small Metros

Wilmington, NC ranked 8th with 29.9 units per 1,000 existing

Burlington, NC ranked 15th with 25.9 units per 1,000 existing

Median Metros

Myrtle Beach-Conway-North Myrtle Beach,SC ranked 3rd with 39.5 units per existing

Charleston-North Charleston, SC ranked 13th with 25.2 units per existing

Durham-Chapel Hill ranked 15th with 22.1 units per existing