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Friday, December 13, 2019

Weddington ranks the best suburb in North Carolina, study finds

Real Estate

By Michael Carroll | Nov 22, 2019

Suburbs
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Based on a ranking consisting of 10 measurements, including income levels, home ownership and commute times, Weddington is the best North Carolina suburb in which to live, according to a 24/7 Wall St. analysis published this month.

Weddington, which is located in the Charlotte-Concord-Gastonia metropolitan area, has a home ownership rate of 98 percent and an average commute time of 31 minutes. Its median household income is $133,262.

Citing U.S. Census Bureau figures, the analysis indicated that slightly more than 50 percent of all U.S. residents say they live in suburbs, while 27 percent call an urban area their home and 21 percent live in rural locations.

The majority of suburbs ranked in the study have home ownership levels exceeding 90 percent, the study said. In comparison, nearly two-thirds of all homes in the United States are owned by their occupants, according to 24/7 Wall St.

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Best Suburbs to Live in, State by State

StateSuburbMedian Household IncomeHome Ownership RateAverage Commute Time

(in Minutes)

Metropolitan

Area

AlabamaHighland Lakes$149,30798.0%30.3Birmingham-Hoover
AlaskaChena Ridge$97,46479.1%19.9Fairbanks
ArizonaParadise Valley$175,67392.5%23.1Phoenix-Mesa-Chandler
ArkansasMaumelle$72,33572.3%25.3Little Rock-North Little Rock-Conway
CaliforniaAtherton$250,000-plus93.4%24.5San Francisco-Oakland-Berkeley
ColoradoCherry Hills Village$238,75095.7%20.9Denver-Aurora-Lakewood
ConnecticutOld Greenwich$236,25085.8%37.5Bridgeport-Stamford-Norwalk
DelawareNorth Star$141,61895.2%24.1Philadelphia-Camden-Wilmington
FloridaPinecrest$152,64377.0%30.8Miami-Fort Lauderdale-Pompano Beach
GeorgiaBerkeley Lake$125,59296.6%32.2Atlanta-Sandy Springs-Alpharetta
HawaiiMaunawili$143,75089.8%29.8Urban Honolulu
IdahoHidden Springs$118,51989.9%22.8Boise City
IllinoisWinnetka$216,87588.6%37.0Chicago-Naperville-Elgin
IndianaCarmel$109,20177.6%24.2Indianapolis-Carmel-Anderson
IowaRobins$120,93896.8%16.5Cedar Rapids
KansasMission Hills$250,00098.8%17.5Kansas City
KentuckyIndian Hills$169,73798.5%17.5Louisville/Jefferson County
LouisianaVillage St. George$79,52483.3%22.6Baton Rouge
MaineCumberland Center$109,04874.7%22.6Portland-South Portland
MarylandTravilah$225,10493.8%34.8Washington-Arlington-Alexandria
MassachusettsDover$175,46195.3%31.1Boston-Cambridge-Newton
MichiganBloomfield Hills$186,56389.1%22.5Detroit-Warren-Dearborn
MinnesotaDeephaven$136,33191.1%21.2Minneapolis-St. Paul-Bloomington
MississippiMadison$103,12192.0%22.2Jackson
MissouriLadue$203,25097.5%17.5St. Louis
MontanaFrenchtown$59,05289.6%27.3Missoula
NebraskaHickman$89,60979.2%27.8Lincoln
NevadaSpanish Springs$85,05085.9%28.2Reno
New HampshireNashua$70,31654.1%26.9Manchester-Nashua
New JerseyShort Hills$250,000-plus91.6%42.6New York-Newark-Jersey City
New MexicoSandia Heights$101,39593.4%22.9Albuquerque
New YorkBrookville$250,000-plus93.6%31.7New York-Newark-Jersey City
North CarolinaWeddington$133,26298.0%31.0Charlotte-Concord-Gastonia
North DakotaHorace$110,87097.2%21.1Fargo
OhioVillage of Indian Hill$215,67996.6%22.6Cincinnati
OklahomaNichols Hills$144,83384.4%14.6Oklahoma City
OregonBull Mountain$108,32485.3%28.0Portland-Vancouver-Hillsboro
PennsylvaniaSlippery Rock UniversityN/A100.0%14.6Pittsburgh
Rhode IslandWarnick$71,19171.8%24.3Providence-Warnick
South CarolinaBlythewood$87,82791.8%22.1Columbia
South DakotaColonial Pine Hills$90,833100.0%19.8Rapid City
TennesseeBelle Meade$195,00090.6%20.3Nashville-Davidson-Murfreesboro-Franklin
TexasPiney Point Village$250,000-plus99.2%21.0Houston-The Woodlands-Sugar Lands
UtahHighland$128,93889.0%21.0Provo-Orem
VermontSouth Burlington$66,19761.7%16.3Burlington-South Burlington
VirginiaGreat Falls$230,45096.0%35.7Washington-Arlington-Alexandria
WashingtonClyde Hill$205,50091.1%20.9Seattle-Tacoma-Bellevue
West VirginiaShannondale$72,14380.1%47.4Washington-Arlington-Alexandria
WisconsinMerton$151,81896.1%27.1Milwaukee-Waukesha
WyomingRanchettes$94,50993.1%20.5Cheyenne
Source: 24/7 Wall St.

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