The housing market in 28040 Ellenboro, NC is booming. The median value of a house in the area is $152,600, which is lower than the US median house value of $338,100. However, in the past year, there has been an increase of 19.65% in housing appreciation compared to just 8.27% for the country as a whole. This indicates that now may be an opportune time to invest in a home in Ellenboro as housing prices are likely only going to continue to appreciate over time.
The median home cost in Ellenboro (zip 28040) is $152,600. Home appreciation the last 10 years has been 127.7%. Home Appreciation in Ellenboro (zip 28040) is up 25.4%.
Average Age of Homes
- The median age of Ellenboro (zip 28040) real estate is 41 years old
The Rental Market in Ellenboro (zip 28040)
- Renters make up 25.8% of the Ellenboro (zip 28040) population
- 0.2% of houses and apartments in Ellenboro (zip 28040), 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.