Living in Orrum, NC
Orrum, NC is a quaint town known for its community spirit and tranquil lifestyle. With numerous outdoor activities and local amenities, it provides an ideal setting for families and individuals looking to escape urban hustle. The charm of Orrum makes it a unique place to invest in real estate.
Current Market Conditions in Orrum, NC
The real estate market in Orrum is relatively stable, offering affordable home options compared to larger cities nearby. The demand for properties remains consistent, making it an ideal market for long-term investment as home values appreciate over time.
Recent trends indicate a growing interest in rural living, with more buyers looking to escape to smaller towns like Orrum. This popularity is bolstered by the increasing value of homes and the availability of diverse property types, catering to various investment strategies.
Home Value Estimator For Orrum, NC
There are currently 459 real estate properties
in Orrum, NC,
with a median automated valuation model (AVM) price
of $122,206.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Orrum, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Orrum, NC,
is $140,186.00, with the most expensive house
in Orrum, NC, topping out
at $790,124.00 and the cheapest home
in Orrum, NC,
clocking in at $11,705.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Orrum, NC!
Rent Prices
In Orrum, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Orrum, NC, is on
a rollercoaster ride. The
average rent price in Orrum, NC,
is $881.00. Indeed, when looking to rent in
Orrum, NC, you can expect to pay as little
as $500.00 or as much
as $1,520.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Orrum, 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.
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