The housing market in River Road, NC is impressive and growing. The median value of a home is $175,300, which is significantly lower than the US median of $338,100. This lower price point makes it an appealing market for potential buyers. However, what makes it even more attractive is the 1 year house appreciation rate which is 16.05%, much higher than the national average of 8.27%. This means that homeowners and investors can benefit from significant gains in equity over time when investing in this area.
The median home cost in River Road is $175,300. Home appreciation the last 10 years has been 64.4%. Home Appreciation in River Road is up 19.4%.
Average Age of Homes
- The median age of River Road real estate is 40 years old
The Rental Market in River Road
- Renters make up 16.8% of the River Road population
- 3.9% of houses and apartments in River Road, 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.