The housing market in the Roanoke Rapids, NC Metro Area is thriving with a median value of $90,200, which is significantly lower than the US median house value of $338,100. The area has also seen an impressive year-over-year appreciation rate of 16.14%, higher than the 8.27% national average for one year growth. This makes Roanoke Rapids an attractive area for first-time home buyers or investors looking to capitalize on favorable market conditions. With its affordable housing prices and recent growth in value, the Roanoke Rapids area continues to be a great place to consider when looking at real estate investments.
The median home cost in Roanoke Rapids Metro Area is $90,200. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Roanoke Rapids Metro Area is up 19.4%.
Average Age of Homes
- The median age of Roanoke Rapids Metro Area real estate is 40 years old
The Rental Market in Roanoke Rapids Metro Area
- Renters make up 28.2% of the Roanoke Rapids Metro Area population
- 1.2% of houses and apartments in Roanoke Rapids 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.