Housing in Balfour, NC is a great investment. The median value of a home in the town is $247,900 which is significantly lower than the US median house value of $338,100. In addition to the low initial cost, Balfour has seen an impressive 18.83% appreciation over the past year, much higher than the national average of 8.27%. This means that housing in Balfour is not only affordable but also offers strong potential for continued growth and appreciation.
The median home cost in Balfour is $247,900. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Balfour is up 22.1%.
Average Age of Homes
- The median age of Balfour real estate is 46 years old
The Rental Market in Balfour
- Renters make up 19.1% of the Balfour population
- 3.6% of houses and apartments in Balfour, 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.