The housing market in Lenoir, NC is flourishing. The median value of homes in the area is currently $184,500, which is significantly lower than the US House Median Value of $338,100. What's more, over the last year there has been an 8.27% average appreciation rate for US houses and a remarkable 18.74% appreciation rate for those located in Lenoir, NC. This indicates that now is a great time to invest in the real estate market in Lenoir as it looks like values are only going to rise further.
The median home cost in Lenoir is $184,500. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Lenoir is up 24.0%.
Average Age of Homes
- The median age of Lenoir real estate is 48 years old
The Rental Market in Lenoir
- Renters make up 29.4% of the Lenoir population
- 1.8% of houses and apartments in Lenoir, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.