The housing market in North Carolina State is thriving, with the median home value currently sitting at $289,300. This is substantially lower than the US national average of $338,100, making it an attractive option for those looking to buy a home. Furthermore, house prices have seen strong appreciation over the past year in North Carolina State, rising by 13.27%, nearly 5% more than the US 1 year House Appreciation rate of 8.27%. This indicates that now is a great time to invest in housing in North Carolina State as prices are likely to continue to rise.
The median home cost in North Carolina is $289,300. Home appreciation the last 10 years has been 106.1%. Home Appreciation in North Carolina is up 22.8%.
Average Age of Homes
- The median age of North Carolina real estate is 30 years old
The Rental Market in North Carolina
- Renters make up 29.2% of the North Carolina population
- 2.1% of houses and apartments in North Carolina, 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.