The housing market in the Hickory-Lenoir-Morganton, NC Metro Area is currently thriving due to strong appreciation. The median house value in the region is $228,300, significantly lower than the US House Median Value of $338,100. Furthermore, house values in this area have appreciated by 16.87%, much higher than the US 1 year House Appreciation rate of 8.27%. This is a great opportunity for potential homeowners to take advantage of the booming housing market and get a great deal on their new home.
The median home cost in Hickory-Lenoir-Morganton Metro Area is $228,300. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Hickory-Lenoir-Morganton Metro Area is up 24.0%.
Average Age of Homes
- The median age of Hickory-Lenoir-Morganton Metro Area real estate is 36 years old
The Rental Market in Hickory-Lenoir-Morganton Metro Area
- Renters make up 24.2% of the Hickory-Lenoir-Morganton Metro Area population
- 1.3% of houses and apartments in Hickory-Lenoir-Morganton 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.