The housing market in Gorman, NC is thriving, with a median value of $172,500 compared to the US House Median Value of $338,100. This year, Gorman saw an impressive 14.88% appreciation rate for their housing market compared to the US's 8.27%. This indicates that the demand for housing in Gorman is incredibly high and is a great opportunity for potential homeowners looking to invest. With such a strong real estate market, this could be an excellent time to look into purchasing a home in Gorman.
The median home cost in Gorman is $172,500. Home appreciation the last 10 years has been 145.4%. Home Appreciation in Gorman is up 23.9%.
Average Age of Homes
- The median age of Gorman real estate is 53 years old
The Rental Market in Gorman
- Renters make up 13.1% of the Gorman population
- 0.0% of houses and apartments in Gorman, 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.