The housing market in Mount Airy, NC Metro Area is flourishing. The median house value is a whopping $191,200, which is significantly lower than the US House Median Value of $338,100. This makes the area more affordable for those looking to purchase a home. Furthermore, the 1 year house appreciation rate in Mount Airy has been 18.75%, meaning property values have increased substantially over the past year compared to the US rate of 8.27%. Many people are taking advantage of this trend by investing in real estate in this region and enjoying higher returns on their investments.
The median home cost in Mount Airy Metro Area is $191,200. Home appreciation the last 10 years has been 78.6%. Home Appreciation in Mount Airy Metro Area is up 20.4%.
Average Age of Homes
- The median age of Mount Airy Metro Area real estate is 37 years old
The Rental Market in Mount Airy Metro Area
- Renters make up 24.5% of the Mount Airy Metro Area population
- 3.2% of houses and apartments in Mount Airy Metro Area, 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.