The housing market in Kinston, NC Metro Area is quite robust, with the median value of homes at $122,400. This is much more affordable than other areas around the United States, which have a median house value of $338,100. Moreover, the one-year appreciation of houses in Kinston Metro Area has been 19.65%, much higher than the national average appreciation rate of 8.27%. This indicates that people are investing heavily in Kinston housing and that it is an attractive place to buy or rent property.
The median home cost in Kinston Metro Area is $122,400. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Kinston Metro Area is up 19.7%.
Average Age of Homes
- The median age of Kinston Metro Area real estate is 42 years old
The Rental Market in Kinston Metro Area
- Renters make up 34.4% of the Kinston Metro Area population
- 1.8% of houses and apartments in Kinston 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.