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Cleveland County, NC

RANK #374 / 996 NAT  ·  #21 / 51 NC  ·  POP 99,527

1YR FORECAST: -0.5%

5YR OUTLOOK: +27%

Cleveland County's housing market is projected to grow -0.5% over the next year, tracking near the national average.

[01] Why Cleveland County?

Cleveland County, North Carolina, is known for its scenic location in the foothills of the Blue Ridge Mountains, offering residents access to rolling countryside and natural beauty. The county seat, Shelby, features a courthouse square and is recognized for its affordable housing. Other notable towns include Kings Mountain, with its historical significance related to the Revolutionary War, and Boiling Springs, home to Gardner-Webb University. Commuting within the county averages around 25 minutes, with public transportation options available through the Transportation Administration of Cleveland County (TACC), which also offers limited routes to neighboring counties. Outdoor recreation is a draw, with Moss Lake Park providing opportunities for fishing and waterskiing, and the Broad River Greenway offering trails for hiking, biking, and horseback riding. Crowders Mountain State Park, less than 30 minutes from Shelby, provides rugged terrain for hiking and rock climbing.

Life in Cleveland County offers a small-town atmosphere, attracting families and individuals seeking a community-oriented environment. The public school system, Cleveland County Schools, serves over 14,000 students across 28 schools and is highly rated. The local economy, historically rooted in agriculture and textiles, has diversified, with recent growth in manufacturing, aerospace, and data center sectors. This shift has brought new opportunities, and the county focuses on workforce development through partnerships with institutions like Cleveland Community College to meet the needs of evolving industries.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+1.8%

Below national median

Home Prices
-3.5%

Prices declining

Climate & Terrain
0.8

Moderate climate & terrain

Price/Rent
10x

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
    Cleveland County Schools Education
    10,000+
  2. 2
    Atrium Health Healthcare
    1,000+
  3. 3
    Cleveland County Government Government
    500+
  4. 4
    Hanesbrands, Inc. Manufacturing
  5. 5
    PPG Industries Inc. Manufacturing
  6. 6
    Baldor Electric Company Manufacturing
  7. 7
    Walmart Associates Inc. Retail
  8. 8
    Ingles Markets, Inc. Retail
  9. 9
    Curtiss-Wright Flight Systems Inc. Manufacturing
  10. 10
    Clearwater Paper Manufacturing

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

[04] Home Value Growth vs National

Cleveland County U.S. National

The Numbers

DEMOGRAPHICS
Population
99,527
+0.64% YoY
Median Household Income
$50,723
Median Home Value
$155,000
-3.51% 12mo
Median Rent
$794
Average Annual Pay
$53,753
+5.6% YoY
Employment
36,696
+0.9% YoY
Income-to-Home-Value
0.3272
More affordable than average
Migration Inflow
2.93%
of pop. from another state
Bachelor's Degree+
19.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$280,250
Days on Market
73
Slower market
Months of Supply
7.4
Buyer's market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
26.7%
Listings w/ Price Drops
28.7%
Building Permits (2024)
513
Single-Family Permits
403

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

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.5
per 100K · nat avg 6.3
Firearm Fatalities
15.7
per 100K · nat avg 14.8
Injury Deaths
102.7
per 100K · nat avg 76.3
vs National Average
Above 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] Capital Investment

$2,030M
TOTAL
PROJECT AMOUNT STATUS
Enterprise Data Center Campus
Multiple Fortune 50 companies (unnamed)
$1,000M Operating
Kings Mountain Energy Center
NTE Energy LLC (affiliate NTE Carolinas)
$600M Operating
PPG Manufacturing Center
PPG
$380M Planned
Broad River Solar Plant
Duke Energy Renewables
$50M Operating

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

[07] Score Breakdown

GDP Growth +1.8% 30 percentile
Population Growth +0.6% 59 percentile
Income Growth +11.1% 91 percentile
Vacancy Rate 1.1% 51 percentile
Home Price Change -3.5% 7 percentile
Rent Growth +2.1% 35 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 62/100, Cleveland County sits in the upper half of all 996 ranked counties. Employment is expanding at +0.9%, and median household income stands at $50,723 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NC.

Is Cleveland County affordable?

Housing in Cleveland County is roughly in line with national affordability norms. The median home costs $155,000 and the income-to-home-value ratio sits at 0.33, with rents averaging $794/month. Not a bargain, but not a stretch for most local earners either.

Is Cleveland County growing or shrinking?

Cleveland County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of +0.9%). Home values shifted -3.5% 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 Cleveland County?

There's a moderate stream of newcomers. About 2.93% of residents moved from another state, which is above average and suggests Cleveland County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Cumberland County, NC 63 Forsyth County, NC 64 Harnett County, NC 64 Wilkes County, NC 58 Onslow County, NC 57 Franklin County, NC 68 Lauderdale County, MS 62 Washington County, RI 62