Housing in Hoffman, NC is relatively affordable compared to the national average. The median value of a house in Hoffman is $81,400 which is much lower than the US median house value of $338,100. Despite this lower price point, the annual appreciation rate for houses in Hoffman is surprisingly higher than the national average at 16.91%, compared to 8.27% in most of the country. This means that housing prices are rapidly increasing due to demand for housing and that now may be a good time to invest in real estate in Hoffman.
The median home cost in Hoffman is $81,400. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Hoffman is up 19.9%.
Average Age of Homes
- The median age of Hoffman real estate is 25 years old
The Rental Market in Hoffman
- Renters make up 23.0% of the Hoffman population
- 0.0% of houses and apartments in Hoffman, 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.