The housing market in Richmond, NC County is thriving. The median value of homes in the county is $103,100, which is significantly lower than the US House median of $338,100. What's more impressive, however, is the one year house appreciation rate of 16.91%, which far surpasses the US 1 year house appreciation rate of 8.27%. This indicates that there is a high demand for housing in this area and suggests that it could become an attractive destination for potential homebuyers in the future.
The median home cost in Richmond County is $103,100. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Richmond County is up 19.9%.
Average Age of Homes
- The median age of Richmond County real estate is 40 years old
The Rental Market in Richmond County
- Renters make up 31.5% of the Richmond County population
- 1.8% of houses and apartments in Richmond County, 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.