The housing market in Mitchell, NC County is quite strong. The median value of homes in the county is $214,700 which is significantly lower than the US house median value of $338,100. Despite the lower median value, it has experienced an impressive 1 year appreciation rate of 16.52%, much higher than the US average of 8.27%. This indicates a healthy and growing housing market that could be a great investment opportunity for potential homeowners and investors.
The median home cost in Mitchell County is $214,700. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Mitchell County is up 22.1%.
Average Age of Homes
- The median age of Mitchell County real estate is 40 years old
The Rental Market in Mitchell County
- Renters make up 16.2% of the Mitchell County population
- 0.7% of houses and apartments in Mitchell 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.