The housing market in Light Oak, NC is quite strong, with the median value of homes being $88,400. This is far lower than the US median value of $338,100, and significantly lower than the 1 year appreciation rate for houses in the US at 8.27%. Despite this disparity, Light Oak has seen an impressive 18.96% appreciation rate over the past year, indicating a healthy and growing housing market. This makes Light Oak an attractive option for potential homebuyers looking to invest in a desirable area.
The median home cost in Light Oak is $88,400. Home appreciation the last 10 years has been 120.1%. Home Appreciation in Light Oak is up 25.0%.
Average Age of Homes
- The median age of Light Oak real estate is 50 years old
The Rental Market in Light Oak
- Renters make up 26.1% of the Light Oak population
- 0.0% of houses and apartments in Light Oak, 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.