The housing market in the New Bern, NC Metro Area is thriving. The median value of homes in this area is $232,000, which is significantly lower than the US median value of $338,100. Despite the difference in price points from one region to another, New Bern has seen a significant increase in appreciation rates over the past year at 16.64%, much higher than the national average of 8.27%. With such an attractive rate of growth, it's clear that investing in real estate here can be a smart decision for potential homeowners and real estate investors alike.
The median home cost in New Bern Metro Area is $232,000. Home appreciation the last 10 years has been 65.1%. Home Appreciation in New Bern Metro Area is up 16.6%.
Average Age of Homes
- The median age of New Bern Metro Area real estate is 30 years old
The Rental Market in New Bern Metro Area
- Renters make up 29.2% of the New Bern Metro Area population
- 2.0% of houses and apartments in New Bern 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.