The housing market in Arapahoe, NC is strong, with the median value of homes at $160,900. This is significantly lower than the US house median value of $338,100. However, what it lacks in cost it makes up for in appreciation--the 1 year house appreciation rate in Arapahoe is 15.05%, significantly higher than the US average of 8.27%. This indicates that there is a large amount of momentum and growth in the housing market in Arapahoe which could potentially make it a great place to invest.
The median home cost in Arapahoe is $160,900. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Arapahoe is up 19.7%.
Average Age of Homes
- The median age of Arapahoe real estate is 47 years old
The Rental Market in Arapahoe
- Renters make up 11.2% of the Arapahoe population
- 0.0% of houses and apartments in Arapahoe, 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.