Lucama, North Carolina is experiencing a strong appreciation in housing value. The median value of a home in Lucama is $160,000 which is significantly lower than the US median of $338,100. Over the past year, the nationwide appreciation was 8.27%, however in Lucama it was 16.05%. This indicates that housing values in Lucama are increasing at a faster rate than the national average. This increase shows that there is high demand for homes in the area and a strong market for real estate investors.
The median home cost in Lucama is $160,000. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Lucama is up 19.4%.
Average Age of Homes
- The median age of Lucama real estate is 37 years old
The Rental Market in Lucama
- Renters make up 38.2% of the Lucama population
- 2.4% of houses and apartments in Lucama, 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.