Mebane ranks fifth nationally in healthy real estate markets

It’s no secret to people living in Mebane that eastern Alamance County and western Orange County has one of the hottest real estate markets in the region. But a new study by New York financial technology SmartAsset takes that thinking to an entirely new level, as the company rated Mebane the second-healthiest real estate market in North Carolina, and the No. 5 healthiest real estate market in the United States. In North Carolina, Mebane ranks behind only King’s Mountain, a community in the suburban Charlotte area near the North Carolina-South Carolina border. King’s Mountain ranked first nationally as the healthiest real estate market in the country. Nationally, Mebane ranks behind only King’s Mountain, Carson, California, Cheektowaga, New York, and West Seneca, New York in terms of the health of its local real estate market. 

It’s no secret to people living in Mebane that eastern Alamance County has one of the hottest real estate markets in the region. But a new study by New York financial technology SmartAsset takes that thinking to an entirely new level, as the company rated Mebane the second-healthiest real estate market in North Carolina, and the No. 5 healthiest real estate market in the United States. In North Carolina, Mebane ranks behind only King’s Mountain, a community in the suburban Charlotte area near the North Carolina-South Carolina border. King’s Mountain ranked first nationally as the healthiest real estate market in the country. Nationally, Mebane ranks behind only King’s Mountain, Carson, California, Cheektowaga, New York, and West Seneca, New York in terms of the health of its local real estate market. 

 

 

 

 

It’s no secret to people living in Mebane that eastern Alamance County and western Orange County has one of the hottest real estate markets in the region. But a new study by New York financial technology SmartAsset takes that thinking to an entirely new level, as the company rated Mebane the second-healthiest real estate market in North Carolina, and the No. 5 healthiest real estate market in the United States. 

With historically-low interest rates, combined with the expansion of residential and commercial development, there is significant local growth pressure on both the Orange and Alamance County sides of town. The addition of multiple new large-scale business operations in recent years, including ABB, Walmart, Prescient, Lidl, and soon UPS, is resulting in families moving all over the United States to Mebane. 

In North Carolina, Mebane ranks behind only King’s Mountain, a community in the suburban Charlotte area near the North Carolina-South Carolina border. King’s Mountain ranked first nationally as the healthiest real estate market in the country. Nationally, Mebane ranks behind only King’s Mountain, Carson, California, Cheektowaga, New York, and West Seneca, New York in terms of the health of its local real estate market. 

SmartAsset analyzed the following factors to find the healthiest housing markets: the number of years residents live in their homes, the number of homes with negative equity, the number of homes decreasing in value, the number of days which homes spend on the market, and income-based affordability in each location.

According to the data presented, Mebane was the lowest among North Carolina cities in the top ten with just 6.4 percent of area homes holding negative equity. Mebanites are spending an average of 17.3 years in their respective homes. Mebane residents are spending an average of 19.5 percent of their income on their home, and just 7.5 percent of area residences are decreasing in value. 

News like this will also fuel what is already a not-so-well kept secret - Mebane is the place to be. And certainly it will be music to the ears not only of Mebane residents thinking about selling their home, but those real estate professionals seeking to assist them in this endeavor. 

The average Mebane home is staying on the market for 58.6 days - though local real estate agents will be fast to tell you that there is currently a shortage of housing inventory, and most reasonably-priced homes are receiving multiple written offers to purchase in just a couple of days, providing sellers the attractive prospect of choosing from several different opportunities and a buyer market willing to pay above list price to beat out competing offers.  

With the rise of new home communities sprouting up throughout the area, local real estate professionals and Mebane town officials are hopeful to relieve some of the low inventory and continue meeting the tremendous demand for housing in the region in the coming years. 

In a further sign of just how strong the local real estate market truly is, neighboring Graham ranked ninth statewide. Graham is enjoying a similar local property boom, with only 6.7 percent of homes with negative equity, and just 8.9 percent of homes decreasing in value. 

While the average Graham home is on the market an average of 53.8 days - slightly less than Mebane - Graham is experience a similar dynamic currently to Mebane, with affordably-priced homes flying off the market within days, typically with buyers competing against each other with multiple written offers. 

For the full statewide rankings from the SmartAsset report, visit https://smartasset.com/mortgage/mortgage-calculator#northcarolina.