Friday, November 10, 2006

Housing Report for Moore County, North Carolina

When compared to other counties in North Carolina, Moore County ranks 31 of 100 by percent in growth of new residential structures. The county places 476 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

In Moore County, there were a total of 38,895 housing structures in 2005. The area has seen growth in housing units, adding in all 2,753 residential structures since 2001, a change of 7.6 percent.

Moore County is made up of a relatively high proportion of residential real estate that is high priced. In 2005, the American Community Survey counted that 5 percent of the homes were valued over $500,000.

The owner-occupied dwellings in Moore County, North Carolina have small increases from the housing values in 2000. The residential values have increased by $5,100, or 3.9 percent, from when in 2000 they were valued at $131,100.

There is a fair amount of housing that is affordable in Moore County, North Carolina. In 2005, 45 percent of the homes were valued under $125,000.

Moore County had a median home value in the year 2005 of $136,200, reported by the American Community Survey. This value is greater than the overall State of North Carolina 2005 median home value of $127,600 and less than home value of $167,500 across the nation during that year.

Data Source: U.S. Census Bureau

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