The housing market in Southern Shores, NC is booming. The median value for a house in the area is $706,800, which is more than twice the median value of a United States house. In the last year, US house appreciation was 8.27%, but it was much higher in Southern Shores at 13.68%. This indicates that real estate in this area is very desirable and investors are taking advantage of the opportunity to purchase homes here. With such high appreciation rates and median values, it's no wonder why so many people are looking to purchase property in this area.
The median home cost in Southern Shores is $706,800. Home appreciation the last 10 years has been 72.3%. Home Appreciation in Southern Shores is up 19.6%.
Average Age of Homes
- The median age of Southern Shores real estate is 30 years old
The Rental Market in Southern Shores
- Renters make up 6.3% of the Southern Shores population
- 9.9% of houses and apartments in Southern Shores, 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.