According to statistics, the population in Boone, NC amounts to 18,493, which shows growth 1% compared to the previous year. The median age of the city’s residents is 21. The average household income is $17,424, shifting growth 18% from the past year, and the average property value in Boone, NC growth 4% to $268,200 throughout the year.
|Number Of Employees||7,326|
|Median Property Value||$268,200|
The average household income in Boone, NC grew from $14,725 to $17,424 in the past year. This data is an estimate based upon 5,825 households in Boone, NC . The chart below presents how household income is distributed in Boone, NC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Boone, NC shifted from $257,000 to $268,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Boone, NC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Boone, NC properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Boone, NC compared to median property taxes around the country. The prevalent amount of property taxes in Boone, NC equals $1150, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$382,633||+14.2%|
|1 bed for sale||$300,000||+100.1%|
|2 bed for sale||$392,826||+13.5%|
|3 bed for sale||$691,692||+29.5%|
|4+ bed for sale||$268,005||-15%|
During Aug 2022, the average price for an apartment in/near Boone, NC decreased by 1.6% to $385,940.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 100.1% to $300,000. Asking price for 2-bed apartment also increased by 13.5% and a place of this size will now cost you $392,826. A 3-bed apartment goes for $691,692, it increased by 29.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 15% and made it down to $268,005.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$523,554||-3.7%|
|Condos for sale||$534,000||+72.1%|
|Land for sale||$136,312||+61%|
|Other for sale||$197,500||N/A|
|Duplexes for sale||$464,000||+19.8%|
|Apartments for sale||$219,900||-4.3%|
The average cost of an apartment in Boone, NC decreased by 4.3% to $219,900. Price reports demonstrate that house price decreased by 3.7% this month making it up to $523,554. Condos are really in demand in this season. The median price for a condo increased by 72.1%, it’s now available for $534,000. You can now purchase a duplex for just $464,000, duplex price increased by 19.8% this month.