Zip 27937 (Gates, NC) Housing

The housing market in Gates, NC (27937) is thriving. The median value of homes in the area is $195,300, significantly lower than the US housing median value of $338,100. However, the 1 year house appreciation in Gates was 13.68%, much higher than the US 1 year house appreciation of 8.27%. This shows that Gates is an excellent place to invest in real estate as prices are appreciating quickly and home values remain relatively low compared to other areas across the country.

The median home cost in Gates (zip 27937) is $195,300. Home appreciation the last 10 years has been 72.3%. Home Appreciation in Gates (zip 27937) is up 19.6%.

Average Age of Homes

- The median age of Gates (zip 27937) real estate is 25 years old

The Rental Market in Gates (zip 27937)

- Renters make up 12.0% of the Gates (zip 27937) population
- 0.8% of houses and apartments in Gates (zip 27937), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gates, North Carolina	United States
	1,309.0	139,647,020.0
	41	42
	$195,300	$338,100
	19.6%	16.6%
	61.4%	57.0%
	72.3%	101.1%
	$8.03	$10.98
	$1,108	$2,690
	74.3%	57.4%
	5.3%	11.2%
	20.3%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	2.1%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	4.9%	2.4%
	1.3%	2.8%
	9.5%	3.9%
	7.8%	4.5%
	30.2%	11.3%
	19.5%	13.0%
	20.1%	20.1%
	2.4%	13.6%
	0.8%	8.3%
	1.0%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.9%	0.2%
	19.3%	13.6%
	19.3%	13.6%
	18.6%	13.6%
	7.6%	13.2%
	19.2%	14.8%
	18.6%	13.6%
	3.8%	10.0%
	5.1%	4.7%
	13.8%	12.2%

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