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Catawba County, NC

RANK #537 / 996  ·  POP 161,011  ·  NC

PROJECTED GROWTH: +0.6%

Catawba County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Catawba County?

Hickory, a notable town in Catawba County, North Carolina, is often recognized for its history in furniture manufacturing and its location in the foothills of the Blue Ridge Mountains. The county, situated in the western Piedmont region, offers access to outdoor recreation with three large lakes—Lake Hickory, Lookout Shoals Lake, and a portion of Lake Norman—providing opportunities for boating, fishing, and swimming. Commuting within the county is facilitated by local bus services in Hickory, Newton, and Conover. For those traveling further, major cities like Charlotte and Asheville are about an hour away, with Highway 321 offering a direct route to the Charlotte metropolitan area. The community maintains a balance of small-town character with access to larger city amenities.

Life in Catawba County blends a close-knit community feel with evolving economic opportunities. The public school system is well-regarded, with Catawba County Schools serving a large portion of the area. While the county has a history rooted in manufacturing, particularly furniture and textiles, its economy has diversified. Recent economic development efforts have focused on attracting new sectors, including technology and data centers, alongside continued investment in advanced manufacturing. This shift aims to create jobs and strengthen the local economy, appealing to families and professionals seeking a balanced lifestyle.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+2.0%

Below national median

Home Prices
+1.0%

Below national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Catawba County U.S. National

The Numbers

DEMOGRAPHICS
Population
161,011
+0.73% YoY
Median Household Income
$62,070
Median Home Value
$194,000
+1.03% 12mo
Median Rent
$866
Average Annual Pay
$55,761
+2.5% YoY
Employment
89,388
-0.8% YoY
Income-to-Home-Value
0.3199
More affordable than average
Migration Inflow
4.01%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$315,000
Days on Market
85
Slower market
Months of Supply
4.5
Balanced market
Sale-to-List Ratio
97.5%
Negotiation room for buyers
Sold Above List
18.9%
Listings w/ Price Drops
30.0%
Building Permits (2024)
2,016
Single-Family Permits
1,651

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$7,669M
TOTAL
PROJECT AMOUNT STATUS
Corning Cable Manufacturing Expansion
Corning and Meta
$6,000M Under Construction
Microsoft Data Center Campuses (Conover, Hickory, Maiden, Newton)
Microsoft
$1,000M Under Construction
New Natural Gas Plant at Marshall Steam Station
Duke Energy
$500M Planned
Maiden Creek Solar Facility
Duke Energy
$69M Operating
Maiden Creek Battery Storage
Unknown
$50M Planned
Highway 127 Widening
North Carolina Department of Transportation
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.0% 35 percentile
Population Growth +0.7% 62 percentile
Income Growth +7.3% 22 percentile
Vacancy Rate 1.0% 60 percentile
Home Price Change +1.0% 46 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 11x 80 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Catawba County, NC a good place to move to?

Catawba County has a Boom Town Index score of 46/100, ranking #537 among 996 U.S. counties. With job growth at -0.8% and a median household income of $62,070, it faces some economic headwinds compared to faster-growing counties.

Is Catawba County affordable?

The median home value in Catawba County is $194,000 with median rent at $866/month. The income-to-home-value ratio is 0.3199, which is more affordable than the national average.

Is Catawba County growing or shrinking?

Population growth: +0.7% year-over-year. Job growth: -0.8%. Home values changed +1.0% in the past 12 months.

Are people moving to Catawba County?

Yes — 4.01% of Catawba County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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