Morehead City, NC

There is no doubt that the Morehead City, NC metropolitan statistical area (MSA) is in the midst of a housing market boom. The combination of low interest rates, strong job growth, and limited supply of homes for sale has resulted in rapidly rising home prices and rental rates.

The median sales price of a home in the MSA has increased by nearly 10% over the past year, while the average rental rate has increased by 5%. This trend is expected to continue in the near future as more people move to the area in search of affordable housing.

Investors are taking note of the trends in the MSA and are beginning to purchase properties here. The demand for rental properties is especially high, as many people are unable to afford to purchase a home at current prices.

If you are thinking about purchasing a property in the MSA, now is a good time to do so. Prices are likely to continue to rise as demand remains strong. However, be sure to consult with a real estate professional before making any decisions, as they can help you navigate this ever-changing market.