Union County, North Carolina is a thriving area located just south of Charlotte. With a strong economy, excellent schools, and a variety of recreational activities, it is no wonder that Union County is a popular place to live. If you are considering buying a home in Union County in 2023, here are some housing trends to keep an eye on:
- Affordability will continue to be a concern. Despite the strong economy, the cost of living in Union County is higher than the national average (https://www.bestplaces.net/cost_of_living/county/north_carolina/union), and housing prices have been steadily increasing in recent years (https://www.realtor.com/realestateandhomes-search/Union-County_NC). While the market is not as competitive as some other areas of the country, buyers should be prepared to pay more for a home in Union County than they might in other parts of the state.
- Single-family homes will remain popular. Union County is home to a mix of housing types, including apartments, townhomes, and single-family homes. However, single-family homes (https://www.zillow.com/union-county-nc/houses/) continue to be the most popular choice for buyers, and this trend is likely to continue in 2023.
- The demand for new construction will remain strong. As the population of Union County continues to grow (https://www.census.gov/quickfacts/unioncountynorthcarolina), there will be a steady demand for new homes. While there are plenty of existing homes available, many buyers are attracted to the idea of buying a brand new home with all the latest features and finishes (https://www.newhomesource.com/communities/nc/charlotte-area/union-county).
- The demand for larger homes will continue to grow. As families continue to grow and work from home becomes more common, there will be a growing demand for larger homes with dedicated home offices and extra living space. Look for homes with extra bedrooms, finished basements, and bonus rooms that can be used as home offices or playrooms (https://www.redfin.com/county/2611/NC/Union-County/filter/sqft=2000+sqft).
- Green and energy-efficient homes will be in demand. With a focus on sustainability and reducing energy costs, buyers will be looking for homes that are energy-efficient and eco-friendly. Look for homes with Energy Star appliances (https://www.energystar.gov/products/appliances), solar panels (https://www.saveonenergy.com/solar-energy/solar-panels-for-home/), and other green features (https://www.houzz.com/photos/eco-friendly-home-design-ideas-phbr1-bp~t_709).
Overall, Union County is a great place to live, and the housing market is likely to remain strong in 2023. Whether you are a first-time homebuyer or a seasoned investor, there are plenty of opportunities to find the perfect home in Union County. Keep an eye on these trends as you begin your home search, and you will be well-prepared to find the perfect home in this thriving community.