Super Bowl 50 is Sunday, and the Carolina Panthers and Denver Broncos will square off on the field. Expect to see the real estate markets in their hometowns doing the same.
Zillow analyst Lindsey Schober notes that Denver ranked as this year's No. 1 residential real estate market thanks to job and income growth, and low unemployment. However, Denver distinguishes itself as one of the nation's most unaffordable markets, while Charlotte remains one of the most affordable markets in the country. Denver renters spend nearly 34.3% of their income on rent, while Charlotte renters spend 27% of their income on rent.
“Charlotte doesn’t get the headlines Denver does, but the Queen City has quietly established itself as one of the country’s most livable markets,” said Dr. Svenja Gudell, Zillow’s chief economist. “Because Charlotte has largely flown under the radar, homes in the area are still a terrific bargain compared to pricier places like Denver or larger, coastal markets.”