Drexel, NC Housing


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Drexel, NC is currently a thriving housing market with a median value of $154,900. This is significantly lower than the US House Median Value of $338,100 and this makes Drexel an attractive option for those looking to buy a home. In addition to the lower cost of entry into the housing market, Drexel has also experienced an impressive 1 year house appreciation rate of 18.74%. This is well above the US 1 year House Appreciation rate of 8.27%, making it an ideal place for investment. With low prices and high appreciation rates in Drexel, NC it's no surprise that people are eager to buy property here.

The median home cost in Drexel is $154,900. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Drexel is up 24.0%.

Average Age of Homes
- The median age of Drexel real estate is 48 years old
The Rental Market in Drexel
- Renters make up 29.3% of the Drexel population
- 4.4% of houses and apartments in Drexel, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingDrexel, North CarolinaUnited States
  835.0139,647,020.0
  4842
  $154,900$338,100
  24.0%16.6%
  75.5%57.0%
  92.8%101.1%
  $8.60$10.98
  $1,182$2,690
  63.8%57.4%
  13.7%11.2%
  22.5%31.4%
  Vacant Housing
  4.4%1.9%
  0.0%0.4%
  0.0%0.7%
  0.0%0.4%
  1.0%3.6%
  8.3%4.1%
  Value of Owner-Occupied Housing
  3.9%2.6%
  0.0%2.4%
  7.7%2.8%
  6.0%3.9%
  13.5%4.5%
  24.2%11.3%
  17.8%13.0%
  22.9%20.1%
  2.8%13.6%
  1.1%8.3%
  0.0%9.7%
  0.0%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  3.4%13.6%
  3.4%13.6%
  14.4%13.6%
  17.4%13.2%
  20.1%14.8%
  14.4%13.6%
  10.4%10.0%
  9.7%4.7%
  10.3%12.2%
Reviews for Drexel
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Over 5 years ago

I grew up in this area and now live close by. Great small quaint town. Restaurants and shopping are 10 minutes  More

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