The housing market in 28386 Shannon, NC has seen a significant appreciation over the past year. The median value of housing in this area is $101,700, which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation rate has been 16.91%, much higher than the national rate of 8.27%. This means that people who have invested in the Shannon area are likely to see a return on their investment as local housing prices continue to rise.
The median home cost in Shannon (zip 28386) is $101,700. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Shannon (zip 28386) is up 19.9%.
Average Age of Homes
- The median age of Shannon (zip 28386) real estate is 29 years old
The Rental Market in Shannon (zip 28386)
- Renters make up 24.8% of the Shannon (zip 28386) population
- 0.1% of houses and apartments in Shannon (zip 28386), 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.