The housing market in Morven, NC is thriving and has seen a remarkable increase in home values over the past year. The median value of a home in Morven is currently $101,300 - significantly lower than the US median of $338,100. Over the past year alone, the increase in value for homes in Morven was 18.96%, almost double the appreciation rate of 8.27% for homes across the US as a whole. For current and potential homeowners looking to invest in this area, these figures are very encouraging and suggest that there is huge potential for further growth and development within the local housing market.
The median home cost in Morven is $101,300. Home appreciation the last 10 years has been 120.1%. Home Appreciation in Morven is up 25.0%.
Average Age of Homes
- The median age of Morven real estate is 39 years old
The Rental Market in Morven
- Renters make up 28.2% of the Morven population
- 0.0% of houses and apartments in Morven, 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.