Housing in Albemarle, NC is a great value for potential homeowners. The median housing value is $150,600, much lower than the US median of $338,100. Furthermore, the 1 year appreciation rate for housing in Albemarle is 19.65%, significantly higher than the US average of 8.27%. In this current market, purchasing a home in Albemarle can be a wise investment and may increase in value quickly over time.
The median home cost in Albemarle is $150,600. Home appreciation the last 10 years has been 127.7%. Home Appreciation in Albemarle is up 25.4%.
Average Age of Homes
- The median age of Albemarle real estate is 51 years old
The Rental Market in Albemarle
- Renters make up 37.1% of the Albemarle population
- 0.7% of houses and apartments in Albemarle, 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.