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Gaston County, NC

Gastonia

RANK #859 / 996 NAT  ·  #41 / 51 NC  ·  POP 228,972

1YR FORECAST: +0.2%

5YR OUTLOOK: +14%

Our model projects Gaston County's housing market at +0.2% over the next year, underperforming most U.S. counties.

[01] Why Gaston County?

Gaston County, North Carolina, offers a blend of small-town charm and natural beauty, with Crowders Mountain State Park standing out as a major draw for outdoor enthusiasts. Located just west of Charlotte, across the Catawba River, the county provides a quieter setting while maintaining access to urban amenities. Commute times to Charlotte are a consideration, though the completion of the I-485 western loop has improved connectivity. Towns like Belmont, known for Daniel Stowe Botanical Garden and Belmont Abbey College, and Gastonia, the county seat, contribute to the community's character. The Carolina Thread Trail also provides miles of pathways for hiking and biking throughout the county.

Life in Gaston County appeals to families and individuals seeking a balance between suburban and rural living. The Gaston County Schools district serves over 30,000 students across 56 schools and is considered above average. The economy, historically rooted in the textile industry, has been diversifying. Recent economic developments include investments in commercial and residential projects, as well as growth in manufacturing and energy sectors. These developments are contributing to job creation and an expanding tax base within the county.

[02] Market Snapshot

Housing Ratio
5.4x

Above national median (4.7x)

GDP Growth
+4.1%

Well above national median

Home Prices
+1.0%

Below national median

Climate & Terrain
0.4

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing is fairly valued at 5.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Gaston County Schools Education
    5,000+
  2. 2
    CaroMont Health Healthcare
    1,000+
  3. 3
    Keystone Powdered Metal Manufacturing
    100+
  4. 4
    Atrium Health Healthcare
  5. 5
    Gaston College Education
  6. 6
    Walmart Retail
  7. 7
    Wells Fargo Finance
  8. 8
    Duke Energy Energy
  9. 9
    Bank of America Finance
  10. 10
    American & Efrid, Inc. Manufacturing

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

[04] Home Value Growth vs National

Gaston County U.S. National

The Numbers

DEMOGRAPHICS
Population
228,972
+1.27% YoY
Median Household Income
$62,628
Median Home Value
$206,700
+1.0% 12mo
Median Rent
$1,005
Average Annual Pay
$54,211
+4.7% YoY
Employment
79,486
+2.7% YoY
Income-to-Home-Value
0.303
More affordable than average
Migration Inflow
3.38%
of pop. from another state
Bachelor's Degree+
25.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$320,000
Days on Market
103
Slower market
Months of Supply
4.3
Balanced market
Sale-to-List Ratio
97.4%
Negotiation room for buyers
Sold Above List
13.4%
Listings w/ Price Drops
26.0%
Building Permits (2024)
2,069
Single-Family Permits
1,923

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

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.7
per 100K · nat avg 6.3
Firearm Fatalities
17.6
per 100K · nat avg 14.8
Injury Deaths
92.6
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] Capital Investment

$615M
TOTAL
PROJECT AMOUNT STATUS
Allen 2 Battery Energy Storage System (BESS)
Duke Energy
$167M Planned
Riverbend Battery Energy Storage System (BESS)
Duke Energy
$115M Planned
Fit Precast Headquarters and Production Facility
Fit Precast
$102M Planned
Allen 1 Battery Energy Storage System (BESS)
Duke Energy
$100M Operating
Hornet Solar
Capital Power
$73M Under Construction
Franklin Yards Mixed-Use Development
Highline Partners
$58M In Planning

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

[07] Score Breakdown

GDP Growth +4.1% 74 percentile
Population Growth +1.3% 78 percentile
Income Growth +10.2% 82 percentile
Vacancy Rate 1.2% 36 percentile
Home Price Change +1.0% 45 percentile
Rent Growth +0.1% 12 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

The data is not encouraging — Gaston County scores just 13/100 on the Boom Town Index, ranking #859 of 996 counties. Job growth at +2.7% and median household income of $62,628 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Gaston County affordable?

Housing in Gaston County is roughly in line with national affordability norms. The median home costs $206,700 and the income-to-home-value ratio sits at 0.30, with rents averaging $1,005/month. Not a bargain, but not a stretch for most local earners either.

Is Gaston County growing or shrinking?

Gaston County is growing on multiple fronts. Population is up +1.3% year-over-year while employers added jobs at a +2.7% clip. Home values shifted +1.0% in the past year.

Are people moving to Gaston County?

There's a moderate stream of newcomers. About 3.38% of residents moved from another state, which is above average and suggests Gaston County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Union County, NC 14 Cabarrus County, NC 16 Lincoln County, NC 10 Moore County, NC 17 Orange County, NC 9 Mecklenburg County, NC 8 Cherokee County, GA 13 York County, SC 13