Davidson Is The Richest Town In NC


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.

Learn More About Davidson And All Homes For Sale

Davidson In-Town Homes For Sale

Bailey Springs Homes For Sale

McConnell Homes For Sale

New Neighborhood – Old Davidson Homes For Sale

River Run Homes For Sale

The Woodlands At Davidson Homes For Sale

Davidson New Construction Homes For Sale

Davidson Landing Condos For Sale

Old Davidson Townhomes For Sale

Davidson Lots And Land For Sale

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.

About the Author

Owner/Broker of Allen Adams Realty

Bill Adams, a North Carolina native, is founder and Owner/Broker of Allen Adams Realty, a boutique agency focused on personalized real estate services. The name “Allen Adams Realty” is derived from Bill’s full given name which is William Allen Adams.

Bill, after obtaining both a real estate sales license and an appraisal license, began his real estate career in 1998 after successful careers in the racing and automotive industries. First, a concentration on real estate appraisal services allowed Bill to gain detailed knowledge and insights into the many different facets of the greater Lake Norman and Charlotte metro real estate markets. This allowed Bill to truly understand real estate values and local markets and expand into doing both appraisal and real estate sales. Then in 2004, armed with his experience, knowledge, and expertise, Bill started his own firm and called it Allen Adams Realty. In the early years of his new firm Bill continued to do both real estate appraisal and sales and then after the downturn of the market in the late 2000’s Bill has focused solely on real estate sales.

Bill strives for excellence in all aspects of his relationship with each and every client and prides himself on providing premier dedicated and personal professional service. Bill has successfully represented a wide range of clientele from international high-end luxury buyers to young families buying their first home. Through his wide reaching marketing he has also developed a large part of his business helping those buying second homes on Lake Norman or relocating to the area. Bill’s varied background and seasoned experience has made him a trusted and highly rated expert, which has been validated by being awarded multiple Five Star Professional Award for Real Estate awards. An award given to only the top 7% of real estate agents in the entire Charlotte market area.

On a personal note, Bill has lived most of his life in North Carolina and has lived in the Lake Norman area since 1997. He currently lives in the wonderful small college town of Davidson with his lovely wife Lindsey, beautiful daughter, and beloved dog. Beyond real estate, he enjoys boating on the lake, spending time with friends and family, most all things motorsports, cars, motorcycles, Panthers football, being active, hiking and exploring in the nearby mountains, vacations to the beach, traveling, as well as many other things.

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