Using Zillow data, a new listing finds three "hot" U.S. cities with fast-growing populations and job sectors, and affordable housing.
Raleigh, N.C.'s median home value is $261,700, median rents are $1,400, and home values appreciated 37.8 percent over the past six years. From 2012 to 2017, the state capital's population grew 12.3 percent and had an 18 percent increase in employment during that time. Nearby in Charlotte, the second city on CNBC's list, its population grew 10.1 percent over the five years studied, its employment grew 18.6 percent, and home values grew 48.3 percent from 2012 to 2018. The median home value in Charlotte is $212,100 and the median rent is $1,445.
The more people that live, and clamor to live, in a given city, the higher housing prices tend to go. In San Francisco, for example, one of the most populous cities in the country, the median home value is $1.3 million and median monthly rent is $4,500.That's more than six times the national median home value of $216,700 and two-and-a-half times the $1,655 national median rent.