Carrboro, NC is a great place to buy a house as it has a median value of $397,800. This is significantly higher than the US House Median Value of $338,100. Furthermore, the 1 year House Appreciation in Carrboro, NC is 15.26%, which is over double the US 1 year House Appreciation of 8.27%. Therefore, housing in Carrboro is an excellent investment and can be expected to increase in value quickly over time.
The median home cost in Carrboro is $397,800. Home appreciation the last 10 years has been 108.1%. Home Appreciation in Carrboro is up 25.0%.
Average Age of Homes
- The median age of Carrboro real estate is 31 years old
The Rental Market in Carrboro
- Renters make up 58.4% of the Carrboro population
- 1.5% of houses and apartments in Carrboro, 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.