Hickory-Lenoir-Morganton, NC

The Hickory-Lenoir-Morganton, NC metropolitan statistical area (aka MSA) is seeing some interesting trends in the housing market. For starters, prices are on the rise. The median home price in the Hickory-Lenoir-Morganton MSA was $169,000 in 2017, which is up from $164,000 in 2016. This trend is being driven by a number of factors, including low interest rates and a strong economy.

Another trend that is happening in the Hickory-Lenoir-Morganton MSA is that more people are moving here. In fact, the population of the MSA has grown by 1.4% since 2010. This growth is being driven by people moving here for work and retirees moving here to enjoy a lower cost of living.

With prices on the rise and more people moving here, it is no surprise that the rental market is also booming in the Hickory-Lenoir-Morganton MSA. The vacancy rate for rentals has dropped to just 2%, which is down from 4% just a few years ago. This tight rental market is driving up rents, with the average rent now being $895 per month.

Overall, these trends show that the Hickory-Lenoir-Morganton MSA is a great place to invest in real estate right now. Prices are rising and there is strong demand for both homes and rentals. If you are thinking about buying or investing in property in this area, now is a great time to do so!