Albemarle Metro Area, NC Housing

Housing in Albemarle, NC Metro Area is robust and strong. The median value of homes in this area is $259,000 which is quite a bit lower than the national average of $338,100. However, what it lacks in cost it more than makes up for in appreciation. While the national house appreciation rate is 8.27%, the one year house appreciation rate in Albemarle, NC Metro Area is 19.72%. This indicates that housing values here are steadily increasing and could be a great investment opportunity for those looking to buy a home in this area.

The median home cost in Albemarle Metro Area is $259,000. Home appreciation the last 10 years has been 124.1%. Home Appreciation in Albemarle Metro Area is up 25.2%.

Average Age of Homes

- The median age of Albemarle Metro Area real estate is 42 years old

The Rental Market in Albemarle Metro Area

- Renters make up 23.8% of the Albemarle Metro Area population
- 0.2% of houses and apartments in Albemarle Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Albemarle, North Carolina	United States
	27,600.0	139,647,020.0
	47	42
	$259,000	$338,100
	25.2%	16.6%
	80.7%	57.0%
	124.1%	101.1%
	$7.61	$10.98
	$1,232	$2,690
	63.6%	57.4%
	14.4%	11.2%
	22.0%	31.4%
Vacant Housing
	0.2%	1.9%
	0.5%	0.4%
	0.8%	0.7%
	0.7%	0.4%
	3.0%	3.6%
	9.1%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	2.4%	2.4%
	5.2%	2.8%
	4.7%	3.9%
	8.8%	4.5%
	20.9%	11.3%
	18.1%	13.0%
	20.8%	20.1%
	9.9%	13.6%
	2.4%	8.3%
	3.1%	9.7%
	0.7%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.4%	13.6%
	9.4%	13.6%
	15.5%	13.6%
	11.4%	13.2%
	14.5%	14.8%
	15.5%	13.6%
	13.5%	10.0%
	6.4%	4.7%
	12.1%	12.2%

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