Housing Report for Hickory-Lenoir-Morganton
In Hickory-Lenoir-Morganton, the census reported 155,122 homes in 2005. The metro area has experienced a medium level of growth in the number housing units, adding in all 6,725 residential units since 2001, or 4.5 percent.
The residential real estate values in Hickory-Lenoir-Morganton, North Carolina have experienced moderate increases since the Census values accounted for in the year 2000. The values have increased by $15,100, or 16.1 percent, from their 2000 median values of $93,500.
When comparing areas across the State of North Carolina, Hickory-Lenoir-Morganton stands 12 of the 14 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 217 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.
According to the data, there is a large amount affordable residential real estate in Hickory-Lenoir-Morganton, North Carolina. In 2005, 60.2 percent of housing was valued under $125k.
Hickory-Lenoir-Morganton can be understood as having a medium proportion of high-valued homes. For the year 2005, the American Community Survey reports that 1.1 percent of the areas residential property was valued over $500k.
Hickory-Lenoir-Morganton recorded a median home value in 2005 of $108,600, according to the American Community Survey. This median is less than the North Carolina 2005 median owner-occupied dwelling value of $127,600 and less than median home value of $167,500 across the nation during that year.
Data Source: U.S. Census Bureau
The residential real estate values in Hickory-Lenoir-Morganton, North Carolina have experienced moderate increases since the Census values accounted for in the year 2000. The values have increased by $15,100, or 16.1 percent, from their 2000 median values of $93,500.
When comparing areas across the State of North Carolina, Hickory-Lenoir-Morganton stands 12 of the 14 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 217 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.
According to the data, there is a large amount affordable residential real estate in Hickory-Lenoir-Morganton, North Carolina. In 2005, 60.2 percent of housing was valued under $125k.
Hickory-Lenoir-Morganton can be understood as having a medium proportion of high-valued homes. For the year 2005, the American Community Survey reports that 1.1 percent of the areas residential property was valued over $500k.
Hickory-Lenoir-Morganton recorded a median home value in 2005 of $108,600, according to the American Community Survey. This median is less than the North Carolina 2005 median owner-occupied dwelling value of $127,600 and less than median home value of $167,500 across the nation during that year.
Data Source: U.S. Census Bureau
0 Comments:
Post a Comment
<< Home