Red Oak, NC is a great place to purchase housing as the median value is much lower than the US median of $338,100. In addition, the one year appreciation rate is higher in Red Oak, NC at 16.05%, compared to 8.27% appreciation rate nationally. Housing in Red Oak offers a great opportunity for buyers looking for an affordable option while promising potential growth opportunities in the near future.
The median home cost in Red Oak is $287,400. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Red Oak is up 19.4%.
Average Age of Homes
- The median age of Red Oak real estate is 24 years old
The Rental Market in Red Oak
- Renters make up 5.9% of the Red Oak population
- 0.0% of houses and apartments in Red Oak, 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.