The housing market in 27875 Scranton, NC is strong. The median value of a home in the area is $208,600 compared to the US house median value of $338,100. This shows that although slightly lower than the national average, there is still good value in the area. Furthermore, the US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate in 27875 Scranton, NC is 16.05%. This suggests that there has been an increase in demand for homes in this area and that property prices are likely to continue to rise over time.
The median home cost in Scranton (zip 27875) is $208,600. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Scranton (zip 27875) is up 19.4%.
Average Age of Homes
- The median age of Scranton (zip 27875) real estate is 21 years old
The Rental Market in Scranton (zip 27875)
- Renters make up 12.0% of the Scranton (zip 27875) population
- 0.0% of houses and apartments in Scranton (zip 27875), 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.