Housing in East Spencer, NC is far below the US median value of $338,100 according to the most recent statistics. Despite this, East Spencer has experienced a higher appreciation rate in housing than the national average over the last year, with a 1 year house appreciation rate of 18.99%. This makes it an attractive investment for those looking for potential growth. The median value of a home currently stands at $113,200 and is on an upward trend. With the current market conditions in East Spencer, it is likely that this upward trend will continue over the next few years.
The median home cost in East Spencer is $113,200. Home appreciation the last 10 years has been 120.4%. Home Appreciation in East Spencer is up 25.0%.
Average Age of Homes
- The median age of East Spencer real estate is 50 years old
The Rental Market in East Spencer
- Renters make up 43.1% of the East Spencer population
- 4.6% of houses and apartments in East Spencer, 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.