Kannapolis, NC is an area with a promising housing market. The median value of homes in Kannapolis is $261,000, which is lower than the US median house value of $338,100. However, the one year appreciation rate for homes in Kannapolis is 19.65%, compared to the US rate of 8.27%. This suggests that the housing market in Kannapolis is rapidly growing and provides a good opportunity for potential buyers and investors.
The median home cost in Kannapolis is $261,000. Home appreciation the last 10 years has been 127.7%. Home Appreciation in Kannapolis is up 25.4%.
Average Age of Homes
- The median age of Kannapolis real estate is 42 years old
The Rental Market in Kannapolis
- Renters make up 35.1% of the Kannapolis population
- 3.7% of houses and apartments in Kannapolis, 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.