Spruce Pine, NC is a residential area with a median house value of $216,000, which is well below the US house median value of $338,100. However, despite this lower figure, the housing market in Spruce Pine has seen rapid appreciation over the past year at 18.83%, much higher than the US 1 year appreciation rate of 8.27%. This suggests that buyers in Spruce Pine are actively seeking to purchase properties in the area and invest in the growing real estate market.
The median home cost in Spruce Pine is $216,000. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Spruce Pine is up 22.1%.
Average Age of Homes
- The median age of Spruce Pine real estate is 46 years old
The Rental Market in Spruce Pine
- Renters make up 35.1% of the Spruce Pine population
- 0.0% of houses and apartments in Spruce Pine, 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.