Davidson has always been a popular little town with it’s beautiful homes along tree lined streets within walking distance to the picturesque main street and Davidson College. And I have always known it to be the priciest town in the area but a recent study by 24/7 Wall Street also found Davidson to be the richest town in all of North Carolina. Their study looked at the median annual household income in every town with a population between 1,000 and 25,000 to identify which town was the wealthiest in each state.
The median income for Davidson is $109,907, while for the state it is $48,256. Households earning more than $200,000 annually is 25.5% when only 3.9% of households in the state earn that much.
As is the case with most towns with a lot of high income households, there are many adults with a bachelor’s degree or higher. For Davidson, 69.1% of the adults have this distinction. For the state it is 29.0%.
These factors along with the small town nature of Davidson translate into high real estate prices as well. Average home prices have been above $400,000 since near the end of 2016 with the median now approaching $350,000.
To learn more about Davidson real estate and homes for sale check out the links below. Not only will you find homes for sale but demographic info, school info, popular dining and shopping info, as well as other posts by me concerning Davidson.
If you would like discuss or have questions about Davidson or Davidson real estate please feel free to call me at 704-578-0926.
Some information from USA Today.