The housing market in Orrum, NC is booming compared to the nation. The median value of a house in Orrum is $92,500, which is far lower than the US House Median of $338,100. Yet in the past year, Orrum's housing has appreciated at a staggering 16.91%, much higher than the national average of 8.27%. This appreciation shows that despite its lower median values, Orrum's housing market is still hot and gaining traction among potential buyers.
The median home cost in Orrum is $92,500. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Orrum is up 19.9%.
Average Age of Homes
- The median age of Orrum real estate is 35 years old
The Rental Market in Orrum
- Renters make up 18.2% of the Orrum population
- 0.0% of houses and apartments in Orrum, 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.