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Davidson County, NC

Thomasville

RANK #165 / 996 NAT  ·  #9 / 51 NC  ·  POP 169,498

1YR FORECAST: +1.4%

5YR OUTLOOK: +33%

Our model projects Davidson County's housing market to grow +1.4% over the next year, significantly outpacing the national average.

[01] Why Davidson County?

Davidson County, North Carolina, is perhaps best known for Lexington-style barbecue, a culinary tradition that draws visitors from across the Southeast to its annual festival. Located in the state's Piedmont region, the county sits between the urban centers of Greensboro and Winston-Salem, and about an hour's drive from Charlotte. This positioning allows for a community feel with access to larger city amenities. High Rock Lake, the second-largest lake in North Carolina, offers extensive opportunities for boating, fishing, and other water sports, contributing to the area's natural appeal.

Life in Davidson County often appeals to families and those seeking a more relaxed pace. Many residents own their homes, and the public schools are rated above average. Commuting to nearby cities like Winston-Salem or Greensboro is common, with an average commute time of about 24 minutes. The local economy, historically tied to furniture manufacturing, is seeing new investment in sectors such as advanced manufacturing and energy. This economic evolution provides diverse job opportunities while maintaining a community-focused lifestyle.

[02] Market Snapshot

Housing Ratio
5.8x

Above national median (4.7x)

GDP Growth
+2.9%

Above national median

Home Prices
+4.0%

Outpacing national median

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 5.8x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Davidson County Schools Education
    1,000+
  2. 2
    Atrium Windows and Doors Manufacturing
  3. 3
    Davidson County Government Government
    500+
  4. 4
    EGGER Wood Products Manufacturing
  5. 5
    Old Dominion Freight Line Inc. Logistics
  6. 6
    Bradley Personnel Inc. Other
  7. 7
    Walmart Associates Inc. Retail
  8. 8
    Food Lion Retail
  9. 9
    Davidson-Davie Community College Education
  10. 10
    Mohawk Industries Manufacturing

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

[04] Home Value Growth vs National

Davidson County U.S. National

The Numbers

DEMOGRAPHICS
Population
169,498
+0.89% YoY
Median Household Income
$58,473
Median Home Value
$184,300
+4.0% 12mo
Median Rent
$822
Average Annual Pay
$54,593
+5.6% YoY
Employment
46,653
+0.7% YoY
Income-to-Home-Value
0.3173
More affordable than average
Migration Inflow
2.95%
of pop. from another state
Bachelor's Degree+
20.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$315,000
Days on Market
77
Slower market
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
19.3%
Listings w/ Price Drops
21.3%
Building Permits (2024)
990
Single-Family Permits
920

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

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.6
per 100K · nat avg 6.3
Firearm Fatalities
16.7
per 100K · nat avg 14.8
Injury Deaths
117.6
per 100K · nat avg 76.3
vs National Average
Below 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)
47.0
Good
Good Air Days
55%
581 of 1,059 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
47
2022
47
2023
47
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

$1,628M
TOTAL
PROJECT AMOUNT STATUS
Duke Energy Natural Gas Plant (Proposed)
Duke Energy
$1,000M Proposed
Dai Nippon Printing (DNP) Lithium-Ion Battery Pouch Manufacturing Facility
Dai Nippon Printing Co., Ltd. (DNP)
$233M Under Construction
Siemens Mobility Rail Manufacturing Facility
Siemens Mobility
$220M Under Construction
South Davidson Solar Project
City of Charlotte / Cypress Creek Renewables
$75M Planned
Haley Property Master Plan (Residential Development)
PulteGroup
$50M Planned
Lexington Industrial Park Sewer Infrastructure
Davidson County / Golden LEAF
$50M Under Construction

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

[08] Score Breakdown

GDP Growth +2.9% 54 percentile
Population Growth +0.9% 68 percentile
Income Growth +10.2% 82 percentile
Vacancy Rate 1.0% 55 percentile
Home Price Change +4.0% 83 percentile
Rent Growth +3.0% 49 percentile
Price/Rent 11x 84 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

Davidson County ranks #165 out of 996 U.S. counties on the Boom Town Index with a score of 83/100, putting it in the top tier nationally. Job growth of +0.7% and a median household income of $58,473 point to a county with active economic momentum.

Is Davidson County affordable?

Housing in Davidson County is roughly in line with national affordability norms. The median home costs $184,300 and the income-to-home-value ratio sits at 0.32, with rents averaging $822/month. Not a bargain, but not a stretch for most local earners either.

Is Davidson County growing or shrinking?

Davidson County's population is growing — up +0.9% YoY — while the job market is roughly flat (employment change of +0.7%). Home values shifted +4.0% 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 Davidson County?

There's a moderate stream of newcomers. About 2.95% of residents moved from another state, which is above average and suggests Davidson County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Alamance County, NC 81 Pitt County, NC 81 Columbus County, NC 86 Wayne County, NC 88 Robeson County, NC 90 Randolph County, NC 76 Chautauqua County, NY 83 Racine County, WI 84