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Catawba County, NC

Hickory

RANK #477 / 996 NAT  ·  #26 / 51 NC  ·  POP 161,011

1YR FORECAST: +0.6%

5YR OUTLOOK: +24%

Catawba County's housing market is projected to grow +0.6% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Catawba County Schools Education
    1,000+
  2. 2
    Frye Regional Medical Center Healthcare
  3. 3
    CommScope Manufacturing
  4. 4
    Merchants Distributors (MDI) / Alex Lee, Inc. Logistics
  5. 5
    Cargo Transporters Logistics
    500+
  6. 6
    Catawba Valley Medical Center Healthcare
  7. 7
    Shurtape Technologies Manufacturing
  8. 8
    McCreary Modern Manufacturing
  9. 9
    Thomasville Industries Manufacturing
  10. 10
    Pierre Foods Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
24.8%
of residents (national avg: 33%)

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] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.5
per 100K · nat avg 6.3
Firearm Fatalities
17.3
per 100K · nat avg 14.8
Injury Deaths
92.3
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.3
Good
Good Air Days
61%
643 of 1,046 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
46
2022
44
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

Catawba County scores 52/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#477). Median household income is $62,070 and job growth is running at -0.8%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Catawba County affordable?

Housing in Catawba County is roughly in line with national affordability norms. The median home costs $194,000 and the income-to-home-value ratio sits at 0.32, with rents averaging $866/month. Not a bargain, but not a stretch for most local earners either.

Is Catawba County growing or shrinking?

Catawba County's population is growing — up +0.7% YoY — while the job market is roughly flat (employment change of -0.8%). Home values shifted +1.0% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Catawba County?

There's a moderate stream of newcomers. About 4.01% of residents moved from another state, which is above average and suggests Catawba County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Burke County, NC 50 Guilford County, NC 56 Caldwell County, NC 56 Onslow County, NC 57 Rowan County, NC 47 Wilkes County, NC 58 Blount County, TN 52 Sarpy County, NE 52