The housing market in Faison, NC is thriving. The median value of homes in Faison is $108,800, which is significantly lower than the US median value of $338,100. This makes Faison a great option for those who are looking for an affordable place to live. Additionally, the one year house appreciation rate in Faison is 16.91%, compared to the national average of 8.27%. This suggests that investors and homeowners alike have found this city to be a wise investment choice as values continue to increase.
The median home cost in Faison is $108,800. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Faison is up 19.9%.
Average Age of Homes
- The median age of Faison real estate is 46 years old
The Rental Market in Faison
- Renters make up 39.5% of the Faison population
- 0.0% of houses and apartments in Faison, 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.