Foreclosures in Oak City, NC

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Home Value Estimator For Oak City, NC

There are currently 870 real estate properties in Oak City, NC, with a median automated valuation model (AVM) price of $72,755.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oak City, 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 Oak City, NC, is $118,396.00, with the most expensive house in Oak City, NC, topping out at $3,871,896.00 and the cheapest home in Oak City, NC, clocking in at $5,296.00. In other words, there’s something for every potential homebuyer or savvy investor in Oak City, NC!

Rent Prices In Oak City, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak City, NC, is on a rollercoaster ride. The average rent price in Oak City, NC, is $861.00. Indeed, when looking to rent in Oak City, NC, you can expect to pay as little as $670.00 or as much as $1,720.00, with the average rent median estimated to be $820.00. The good news is that finding an affordable and desirable property to rent in Oak City, 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.

Top Reasons To Live In Oak City, NC In 2024

Oak City is located in Martin, North Carolina, with an estimated municipal population of 287 residents. All of the best foreclosed homes for sale in Oak City are located in the following zip code areas on 27857. The estimated population per square kilometer (.62 miles) in Oak City is 241.

Cost Of Living In Oak City, NC

So, about how much do homes cost in Oak City? The most recent median value of resident-owned homes in Oak City is 84,530. An estimated 50 percent of households in Oak City own their homes, with an average family size of 3.26. The median household income in Oak City is 40,417, with7.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oak City, the median commute time of resident workers (in minutes) is 31.1. And last, but certainly not least, are you looking for homes to rent in Oak City? If so, the average rent price paid by renters in Oak City is 615, according to recent statistics.

Diversity And Demographics In Oak City, North Carolina

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Oak City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Oak City is 52.8, split between 44.4 percent male versus 55.6 female. The percentage of residents who report being married in Oak City is 35.2, with an average family size of 3.26.

The percentage of residents who report their race in Oak City is as follows:

White 34.6%
Black / African American 65.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Oak City? Or maybe you are searching for 55+ active adult communities in and/or near Oak City?

The percentage of residents who report their age in Oak City is as follows:

Under 10 7.4%
Aged 10-19 9.3%
20s 8.6%
30s 6.3%
40s 15.1%
50s 15.9%
60s 16.4%
70s 14.7%
80+ 6.2%

Best Schools In Oak City, North Carolina

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Oak City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oak City.

Pros And Cons Of Living In Oak City, North Carolina

How do you know that living in -- or moving to -- Oak City is right where you need to be? Perhaps you grew up in Oak City or already live nearby; therefore, the decision to buy a home in Oak City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oak City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Oak City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oak City.

Reasons To Move To Oak City, North Carolina, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oak City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oak City, meanwhile, can field multiple offers from more qualified buyers.

Oak City, NC Foreclosures


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