The housing market in Northwest, NC is experiencing strong appreciation compared to the national average. The median value for homes in Northwest, NC is $203,400 while the US median value is $338,100. In addition, the one-year house appreciation rate in Northwest, NC is 18.56%, which is significantly higher than the US's 8.27%. This data illustrates that Northwest, NC has a vibrant and growing housing market with rising property values that are outperforming the surrounding areas.
The median home cost in Northwest is $203,400. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Northwest is up 24.7%.
Average Age of Homes
- The median age of Northwest real estate is 26 years old
The Rental Market in Northwest
- Renters make up 12.7% of the Northwest population
- 0.0% of houses and apartments in Northwest, 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.