Housing in 27874 Scotland Neck, NC is considerably more affordable than the national average and has seen a stronger appreciation rate over the last year. The median value of a home in Scotland Neck stands at $72,800, far lower than the US median of $338,100. Even better news for anyone looking to invest in this area is that appreciation has been strong over the past year with an increase of 16.05%, more than double the US house appreciation rate of 8.27%. Scotland Neck offers potential homeowners and investors a great opportunity to find an affordable home with ample potential for future growth.
The median home cost in Scotland Neck (zip 27874) is $72,800. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Scotland Neck (zip 27874) is up 19.4%.
Average Age of Homes
- The median age of Scotland Neck (zip 27874) real estate is 50 years old
The Rental Market in Scotland Neck (zip 27874)
- Renters make up 25.2% of the Scotland Neck (zip 27874) population
- 1.9% of houses and apartments in Scotland Neck (zip 27874), 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.