TRINITY — Archdale and Trinity were both ranked among North Carolina’s top 10 housing markets in a recent assessment by a finance firm.
SmartAsset, a financial technology company, conducted its seventh annual assessment of the strength of North Carolina’s housing market this month and brought the two local municipalities more recognition after a boon in housing over the last couple of years.
“The study determines market health by measuring the average number of years residents spend in homes, home values, the ease of selling a home and the costs associated with homeownership in each location,” SmartAsset representative Steve Sabato explained in a news release.
Trailing only Lewisville in the assessment, Trinity ranked second after posting strong numbers across the board. With an average of 15.6 years in the city’s homes and only 12.2% of those homes decreasing in value, Trinity’s houses spend only an average of 56.6 days on the market.
Archdale came in at No. 4 with an average of 12.6 years in each home, having matched Trinity with only 12.2% of homes decreasing in value. On average, Archdale houses also spend 56.6 days on the market.
Nearby Thomasville ranked eighth on the list.
As recent as 2019, Trinity ranked No. 9 on a list of the cities in North Carolina evaluated for affordable living. SmartAsset gave Trinity positive marks for housing costs and property tax.
Marc Allred, the city’s planning director, has echoed those findings over the last several years.
“The city of Trinity is seeing an increased demand in the housing market,” said Allred. “Our location on I-85, combined with the completion of I-74, gives residents easy access to High Point, Greensboro or Winston-Salem. Combine the location with the area’s good schools, low crime rate, and the (tax rate), and you get a demand for housing in the area.”
Housing growth in Trinity is likely to continue as developers continue to eye the Interstate 85 corridor as property rife for additional housing. Increases in population have already necessitated the addition of Wheatmore High School in the last decade, and a new Trinity Middle School came online this month.
Staff writer Daniel Kennedy can be reached at 336-888-3578, or at firstname.lastname@example.org.