Morganton, NC is seeing a thriving housing market with a median house value of $216,500 compared to the US median of $338,100. Furthermore, the 1 year appreciation rate for Morganton houses is 18.74%, which is an impressive 10% higher than the national average of 8.27%. This trend indicates that Morganton is an attractive place to invest in housing, and that more people are likely to continue moving into the area in search of affordable homes. With such positive developments in the housing sector, Morganton appears to be a great option for current or potential homeowners.
The median home cost in Morganton is $216,500. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Morganton is up 24.0%.
Average Age of Homes
- The median age of Morganton real estate is 48 years old
The Rental Market in Morganton
- Renters make up 37.3% of the Morganton population
- 3.1% of houses and apartments in Morganton, 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.