North Carolina cities among the most affordable places to live in good weather | State / Region


(The Center Square) — Three North Carolina cities are among the top five most affordable places in the United States to live in good weather, according to real estate data provider PropertyShark.

US cities with populations over 150,000 were analyzed by PropertyShark for housing cost and weather.

Charlotte and Raleigh were the top two choices for homebuyers looking for affordable housing and year-round mild weather, according to PropertyShark. Greensboro also made the top five.

“Charlotte and Raleigh are among the fastest growing major cities in the country, and their climates and affordability play a central role in their popularity,” PropertyShark said.

PropertyShark selected the top 20 cities where homeowners earning a median income would spend no more than 30% of their income on monthly housing payments. He then looked at how many days a year are clear, how many days reach extreme temperatures, and how rainy and windy cities are.

Charlotte was selected as the most affordable city to live in for good weather. Charlotte’s Housing Affordability Index in the report was 29%, which means residents need to budget 29% of their income for a mortgage. The median income in Charlotte is $62,817, while the median home sale price is $298,296.

PropertyShark said the Housing Affordability Index was calculated by considering the percentage of median income required for monthly mortgage payments on a home purchased at each city’s median selling price.

Raleigh was second on PropertyShark’s list, but homeowners only need to set aside 21% of their income to cover a mortgage. Analysts said Raleigh was a more economical option than Charlotte. Raleigh’s median income is $67,266 and the median home sale price is $230,250, PropertyShark found.

When it comes to choosing between the two cities, Charlotte has a slightly better time than Raleigh.

Charlotte had an average of 63 days per year of temperatures below 32 degrees, while 46 days were above 90 degrees. The city had an average of 109 clear days.

Raleigh averaged 73 days per year of temperatures below 32 degrees, while 44 days were above 90 degrees. He had 111 clear days.

By comparison, among the most affordable cities with good weather, according to PropertyShark, Springfield, Missouri, had an average of 100 days a year below 32 degrees. In contrast, San Antonio was the hottest, with 110 days above 90 degrees.

PropertyShark ranked Greensboro fifth. Its housing accessibility index is 23%. Greensboro has more precipitation on average than Raleigh and Charolette but still had over 100 clear days. Greensboro averaged 81 days per year with temperatures below 32 degrees, while 34 days were above 90 degrees.

Columbus, Georgia, and Mobile, Alabama, were sandwiched between Greensboro and the other two North Carolina cities on the list, moving up to third and fourth place. Jackson, Mississippi, had the lowest home affordability index. It was ranked seventh overall on PropertyShark’s list.


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