Mills River, NC is known for having a higher housing median value than the national average. According to recent data, the median value of homes in Mills River is $471,500 while the national median housing value is $338,100. What’s more, the appreciation rate in Mills River is quite impressive, with an annual increase of 18.83%, which is significantly higher than the 8.27% national average. This higher appreciation rate suggests that real estate and other housing investments in Mills River are profitable and that housing values continue to grow even during tough economic times.
The median home cost in Mills River is $471,500. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Mills River is up 22.1%.
Average Age of Homes
- The median age of Mills River real estate is 26 years old
The Rental Market in Mills River
- Renters make up 12.3% of the Mills River population
- 1.2% of houses and apartments in Mills River, 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.