The housing market in Ellerbe, NC is booming, with a median housing value of $107,100 that has appreciated 16.91% over the course of the last year. This far outpaces the national median housing value of $338,100 and one-year appreciation rate of 8.27%. This suggests that the city is an attractive option for those looking to invest in property due to its comparatively low cost and high potential for growth.
The median home cost in Ellerbe is $107,100. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Ellerbe is up 19.9%.
Average Age of Homes
- The median age of Ellerbe real estate is 43 years old
The Rental Market in Ellerbe
- Renters make up 36.6% of the Ellerbe population
- 0.0% of houses and apartments in Ellerbe, 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.