The housing market in Salisbury, NC is booming. The median value of homes in Salisbury is $247,300, which is significantly lower than the US median house value of $338,100. The one year house appreciation rate for the US is 8.27%, while the one year appreciation rate for Salisbury is even higher at 18.96%. This clearly demonstrates that people are making wise investments when purchasing property in Salisbury and that there are great opportunities to be had for those who want to buy a home here.
The median home cost in Salisbury is $247,300. Home appreciation the last 10 years has been 120.1%. Home Appreciation in Salisbury is up 25.0%.
Average Age of Homes
- The median age of Salisbury real estate is 44 years old
The Rental Market in Salisbury
- Renters make up 42.7% of the Salisbury population
- 1.9% of houses and apartments in Salisbury, 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.