Tar Heel, NC is a great place for potential homebuyers to purchase property due to its favorable housing market. The median value of homes in Tar Heel is $121,300, significantly lower than the US median house value of $338,100. Furthermore, the 1 year appreciation rate of houses in the area is 16.91%, more than double the US house appreciation rate of 8.27%. This makes Tar Heel an attractive option for those looking to invest in real estate and benefit from a profitable return.
The median home cost in Tar Heel is $121,300. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Tar Heel is up 19.9%.
Average Age of Homes
- The median age of Tar Heel real estate is 41 years old
The Rental Market in Tar Heel
- Renters make up 27.7% of the Tar Heel population
- 0.0% of houses and apartments in Tar Heel, 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.