Shallotte, NC is an area with a significantly high housing median value compared to the national average. At $293,500, the value of homes in Shallotte is around 13% lower than the US median value of $338,100. However, over the past year Shallotte has seen a much higher rate of appreciation than the US average; 18.56%, which is almost 10 percentage points higher than the US's 8.27%. This demonstrates that investing in real estate in Shallotte can be incredibly lucrative for homeowners and investors alike.
The median home cost in Shallotte is $293,500. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Shallotte is up 24.7%.
Average Age of Homes
- The median age of Shallotte real estate is 17 years old
The Rental Market in Shallotte
- Renters make up 38.1% of the Shallotte population
- 3.9% of houses and apartments in Shallotte, 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.