Red Springs, NC is a small city located in North Carolina, and it has seen a rapid increase in its housing median value over the past year. The US house median value is $338,100, while the median value in Red Springs is only $76,900. This demonstrates how much more affordable housing can be found here than in other places around the country. In fact, the one year appreciation of housing values in Red Springs is 16.91%, which is much higher than the US average of 8.27%. These figures indicate that real estate investments are likely to have a strong return on investment for those looking to purchase property in Red Springs.
The median home cost in Red Springs is $76,900. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Red Springs is up 19.9%.
Average Age of Homes
- The median age of Red Springs real estate is 49 years old
The Rental Market in Red Springs
- Renters make up 39.3% of the Red Springs population
- 3.3% of houses and apartments in Red Springs, 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.