Data center growth yields mixed results for US housing markets
The home value gap between markets is significant. The median home value in counties without data centers stands at $174,500.
In counties with 10 or more facilities, that figure reaches $431,750, and those high-concentration markets saw values rise 95% over the past decade, compared with 64% elsewhere.
Median household income runs to approximately $89,000 in those markets, against $64,000 in counties with no data centers, while employment grew 16% from 2014 to 2024, compared with just 2% in counties with none.
NAR is careful to note these counties were already high-income, highly educated technology hubs before the recent infrastructure surge. For brokers, that distinction carries practical weight.
As data centers price home builders off America’s land, infrastructure-driven land competition can constrict housing supply regardless of what happens to home values.
