Foreclosure Homes in Morganton, NC 28655

Buyer vs Seller Market in Morganton, NC

The real estate market in Morganton has been experiencing steady growth, with an increase in the number of buyers attracted by the area's scenic beauty and affordability. The town's housing market is characterized by a mix of historic homes and new constructions, catering to diverse preferences. Average home prices have seen a moderate increase over the past few years, reflecting the growing demand and interest in the region.

In recent months, there has been a noticeable uptick in home sales, driven by low interest rates and a desire for more spacious living options as people shift towards remote work. This trend is anticipated to continue as more people look to relocate from urban centers seeking a quieter lifestyle.

Rent Prices In Morganton, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morganton, NC, is on a rollercoaster ride. The average rent price in Morganton, NC, is $1,083.00. Indeed, when looking to rent in Morganton, NC, you can expect to pay as little as $460.00 or as much as $2,700.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Morganton, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.