The housing market in Alamance, NC County is booming. The median value for a house in the county is $242,300 which is significantly lower than the US median of $338,100. Despite this difference in price, the rate of appreciation for houses over the past year has been more robust in Alamance than most places in America with a 17.86% increase while the US posted an 8.27% gain. This high rate of appreciation indicates that Alamance remains an attractive area for potential home buyers and investors looking to buy real estate.
The median home cost in Alamance County is $242,300. Home appreciation the last 10 years has been 87.1%. Home Appreciation in Alamance County is up 23.2%.
Average Age of Homes
- The median age of Alamance County real estate is 34 years old
The Rental Market in Alamance County
- Renters make up 30.7% of the Alamance County population
- 1.6% of houses and apartments in Alamance 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.