What Is The Average Home Price In High Point NC?
Located in the Heart of North Carolina, High Point NC has a population of about 110,000 residents, and it is known for its amenities, communities, and architecture. The city of High Point NC was the highest point along the North Carolina Railroad constructed in the ’80s, and that is how it received its name. While many might argue that High Point provides all the means for comfortable living, many are curious to find out how expensive is the housing market in High Point NC? What is the average home price in High Point North Carolina? Let’s find out!.
While High Point NC might be high in altitude, it certainly is not high in home prices. According to Zillow, the median home value in High Point NC is close to $160,000, which makes it almost twice as cheap compared to the national average. As of March 2020, the median home price in the US was close to $320,000, and the median home price in North Carolina was close to $220,000.
If you are undecided between buying or renting in High Point NC, you should know that the average rent price is just as low at only $880 per month. Living in High Point NC is unquestionably more affordable compared to many other cities in North Carolina. About 60% of apartments rent between $700 to $1,000 per month but only 33% of the housing in High Point is occupied by tenants.
If it comes down to home prices, you should know that about 40% of apartments in High Point NC sell for prices between $110,000 and $230,000. There are a fair amount of homes for sale - about 30% of listed homes - at a price situated between $60,000 and $120,000. Buying a home in the area is accessible because of the affordable prices, and with the help of real estate agents in High Point NC you can land a good deal on a home situated in the best part of town. Grab your nearest agent and find out what North Carolina’s International City has to offer.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Assemblage in real estate is the process of combining multiple small plots of land into one larger plot. This is accompanied by plottage, which is the increase in value that occurs when ...
Same as term government rectangular survey: Way in which the U.S. government uses to subdivide public land. Land is designated as either a base line (East-West) or principal meridian line ...
Opinion of a judge having no direct legal or binding effect on the outcome of a pending judicial decision. An obiter dictum is considered to be an incidental judicial remark about some ...
(1) Judgment against a defendant who does not respond to the plaintiffs lawsuit or fails to appear in court at the hearing or trial date. (2) Judgment issued by the court against the ...
(1) Methods that involve discounting the future cash flows generated by an income property. These techniques are used primarily for valuation. (2) Methods of selecting and ranking ...
Room that is fit for living in. the building in which the room is located conforms with the building code and has a certificate of occupancy. Usable for all purposes, but does not include ...
Existing state of affairs with respect to the real estate market and conditions. ...
The concept of a release can define various meanings in the financial and real estate business. Typically, it establishes a discharge or literal escape from a loan borrower's economic ...
Voluntary giving up of a right of a lien, usually on a temporary basis. The waiver may be explicitly stated or implied. An example is when a lender waives its right of lien against ...
Have a question or comment?
We're here to help.