Realtor.com Names Mint Hill Number 12 Among U.S. Hotspots
An eastern Charlotte suburb fell just short of ranking within Realtor.com's measure of top 10 suburban hotspots in the U.S.Realtor.com placed the Wildwoods/Allen/Mint Hill suburb — located about 12 miles east of uptown — at No. 12 on the list, released Monday.
For the study, Realtor.com looked at the nation's 50 largest metro areas and classified ZIP codes as either suburban or urban based on household densities. Suburbs were then ranked in three main areas: household growth, listing price growth and housing supply and demand.
Close proximity to thriving urban centers and strong household growth are driving factors for those suburbs that made the cut, says Realtor.com. Of Charlotte's 28227 ZIP code, Realtor.com found that households had grown 13.9% based on Nielsen estimates between 2010-17. Price growth was listed at 18.9%, and homes for sale in the suburb were spending an average 55 days on the market.