Friday, November 10, 2006

Housing Report for Johnston County, North Carolina

When compared to other counties in North Carolina, Johnston County ranks 13 of 100 by percentage growth in residential real estate. The county is positioned 214 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

In Johnston County, the real estate market was made up of 58,660 homes in the year 2005. This county has gone through a growth in housing units, adding a total of 6,148 homes since 2001, or 11.7 percent.

According to the data, there is a large amount of housing that is affordable in Johnston County, North Carolina. In 2005, 54.1 percent of owner-occupied dwellings were valued under $125k.

The residential home values in Johnston County, North Carolina have moderate increases from the real estate values reported in 2000. The valuations have increased by $11,600, or 10.7 percent, from when in 2000 they were valued at $108,800.

Johnston County had a median home value in the year 2005 of $120,400, reported by the American Community Survey. This value is less than the overall State of North Carolina 2005 home median value of $127,600 and less than home value of $167,500 for the United States in the same year.

Johnston County is made up of a medium proportion of residential real estate that is high priced. In 2005, the American Community Survey accounted that 1.1 percent of the homes were valued over $500,000.

Data Source: U.S. Census Bureau

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